Ontario Teachers Pension Plan Board Acquires 546 Shares of Crocs, Inc. (NASDAQ:CROX)

Ontario Teachers Pension Plan Board grew its position in Crocs, Inc. (NASDAQ:CROX) by 9.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,182 shares of the textile maker’s stock after buying an additional 546 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Crocs were worth $889,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Crocs by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after buying an additional 76,460 shares during the period. WIT Partners Advisory Pte. Ltd. purchased a new stake in shares of Crocs in the 4th quarter worth $266,431,000. Coatue Management LLC lifted its holdings in shares of Crocs by 836.7% in the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after buying an additional 919,835 shares during the period. Norges Bank purchased a new stake in shares of Crocs in the 4th quarter worth $72,211,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Crocs by 13.4% in the 4th 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 period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. OTR Global upgraded Crocs from a “mixed” rating to a “positive” rating in a report on Thursday, April 11th. Stifel Nicolaus upped their price objective on Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Monness Crespi & Hardt upped their price objective on Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Williams Trading restated a “hold” rating and set a $125.00 price objective (down from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Finally, UBS Group decreased their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.67.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the sale, the chief executive officer now directly owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Crocs news, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the sale, the chief executive officer now directly owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Smach sold 10,174 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $140.32, for a total value of $1,427,615.68. Following the completion of the sale, the director now owns 115,339 shares of the company’s stock, valued at $16,184,368.48. The disclosure for this sale can be found here. Insiders have sold a total of 30,178 shares of company stock valued at $4,597,445 over the last ninety days. Company insiders own 2.72% of the company’s stock.

Crocs Stock Performance

Shares of CROX stock traded down $0.22 during mid-day trading on Monday, reaching $133.28. The stock had a trading volume of 1,257,442 shares, compared to its average volume of 1,337,876. The business’s fifty day moving average is $147.60 and its 200-day moving average is $129.52. The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 1.08. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.48 and a beta of 2.00. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.61 earnings per share. On average, research analysts forecast that Crocs, Inc. will post 12.7 earnings per share for the current 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.