Crocs, Inc. (NASDAQ:CROX) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC lowered its position in shares of Crocs, Inc. (NASDAQ:CROX) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,917 shares of the textile maker’s stock after selling 3,353 shares during the period. Granite Investment Partners LLC owned approximately 0.05% of Crocs worth $3,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in Crocs by 1,516.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after acquiring an additional 1,244,480 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares during the last quarter. Norges Bank purchased a new stake in Crocs in the 4th quarter valued at about $62,221,000. Alliancebernstein L.P. lifted its position in Crocs by 38.9% in the fourth quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker’s stock valued at $105,890,000 after buying an additional 270,598 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in Crocs in the fourth quarter valued at about $16,748,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CROX shares. KeyCorp reduced their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim cut their target price on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. Finally, Barclays lowered their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

Insider Transactions at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Crocs Trading Down 3.1 %

Shares of NASDAQ:CROX opened at $92.56 on Monday. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The company’s 50 day moving average is $101.91 and its two-hundred day moving average is $109.64. The company has a market cap of $5.19 billion, a PE ratio of 5.79, a P/E/G ratio of 1.80 and a beta of 1.62. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Equities analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.