Linden Thomas Advisory Services LLC Lowers Stock Position in Crocs, Inc. (NASDAQ:CROX)

Linden Thomas Advisory Services LLC lessened its holdings in Crocs, Inc. (NASDAQ:CROX) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,909 shares of the textile maker’s stock after selling 238 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Crocs were worth $1,299,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in Crocs by 60.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,024,452 shares of the textile maker’s stock valued at $90,387,000 after acquiring an additional 384,390 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Crocs by 13.4% in the fourth quarter. Pacer Advisors Inc. now owns 771,305 shares of the textile maker’s stock worth $72,048,000 after buying an additional 91,318 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Crocs by 141.1% in the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock worth $63,574,000 after buying an additional 421,712 shares during the last quarter. Voss Capital LLC raised its holdings in shares of Crocs by 610.0% in the third quarter. Voss Capital LLC now owns 710,000 shares of the textile maker’s stock worth $62,643,000 after buying an additional 610,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Crocs by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 672,330 shares of the textile maker’s stock worth $59,320,000 after buying an additional 30,761 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ:CROX opened at $125.77 on Thursday. The company’s 50-day moving average price is $128.14 and its 200-day moving average price is $107.07. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. The company has a market cap of $7.61 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.60 and a beta of 2.01. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $150.56.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company had revenue of $960.10 million for the quarter, compared to the consensus estimate of $958.39 million. During the same period in the previous year, the firm earned $2.65 earnings per share. Crocs’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that Crocs, Inc. will post 12.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In related news, EVP Daniel P. Hart sold 10,000 shares of Crocs stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the completion of the transaction, the executive vice president now owns 219,293 shares in the company, valued at $25,981,834.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the completion of the transaction, the director now owns 31,815 shares in the company, valued at $3,819,390.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel P. Hart sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the transaction, the executive vice president now owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The disclosure for this sale can be found here. Insiders sold a total of 39,867 shares of company stock worth $4,786,276 over the last three months. Insiders own 2.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Stifel Nicolaus increased their price objective on shares of Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. KeyCorp increased their price objective on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Williams Trading reiterated a “hold” rating and issued a $125.00 price objective (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Finally, Raymond James raised their price target on shares of Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average price target of $145.17.

Crocs Company 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.