Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in Crocs, Inc. (NASDAQ:CROX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,872 shares of the textile maker’s stock after selling 218 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Crocs were worth $1,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CROX. Natixis Advisors LLC grew its holdings in Crocs by 17.1% in the third quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock worth $1,770,000 after purchasing an additional 1,783 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Crocs by 24.2% in the 3rd quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock worth $1,853,000 after purchasing an additional 2,491 shares during the period. Cerity Partners LLC boosted its stake in shares of Crocs by 36.6% during the 3rd quarter. Cerity Partners LLC now owns 10,252 shares of the textile maker’s stock worth $1,485,000 after acquiring an additional 2,745 shares during the last quarter. Algert Global LLC grew its holdings in Crocs by 17.1% during the third quarter. Algert Global LLC now owns 25,194 shares of the textile maker’s stock valued at $3,648,000 after purchasing an additional 3,670 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Crocs in the 3rd quarter worth approximately $980,000. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CROX. Bank of America upped their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. KeyCorp reduced their target price 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. UBS Group raised their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Finally, StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insiders Place Their Bets

In other news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Crocs Trading Up 1.5 %

NASDAQ:CROX opened at $112.59 on Wednesday. The firm has a market cap of $6.31 billion, a P/E ratio of 7.04, a PEG ratio of 1.80 and a beta of 1.84. 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, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32. The stock’s 50 day simple moving average is $102.39 and its 200-day simple moving average is $113.19.

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