Wellington Management Group LLP Has $145.19 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Wellington Management Group LLP trimmed its holdings in Crocs, Inc. (NASDAQ:CROX) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,554,333 shares of the textile maker’s stock after selling 277,247 shares during the period. Wellington Management Group LLP owned about 2.57% of Crocs worth $145,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Byrne Asset Management LLC lifted its stake in shares of Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after buying an additional 120 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Crocs by 185.0% in the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after buying an additional 222 shares in the last quarter. Quest Partners LLC bought a new position in shares of Crocs in the fourth quarter valued at $53,000. Harvest Fund Management Co. Ltd bought a new position in shares of Crocs in the fourth quarter valued at $56,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Crocs by 1,673.5% in the fourth quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock valued at $56,000 after buying an additional 569 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays raised their price objective on shares of Crocs from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. OTR Global raised shares of Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Stifel Nicolaus raised their price target on shares of Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Williams Trading reissued a “hold” rating and set a $125.00 price target (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Finally, B. Riley raised their price target on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.75.

Insider Transactions at Crocs

In other news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares in the company, valued at $12,771,642.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew Rees sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the completion of the transaction, the chief executive officer now 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 is available through this hyperlink. Also, EVP Shannon Sisler sold 1,404 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $149.96, for a total transaction of $210,543.84. Following the transaction, the executive vice president now directly owns 37,103 shares of the company’s stock, valued at approximately $5,563,965.88. The disclosure for this sale can be found here. Insiders sold 30,178 shares of company stock worth $4,597,445 over the last quarter. Corporate insiders own 2.72% of the company’s stock.

Crocs Price Performance

CROX opened at $159.42 on Thursday. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.81 and a beta of 1.97. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $140.05 and a 200-day moving average price of $122.62. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $161.04.

Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.77. The firm had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $2.61 earnings per share. Equities analysts expect that Crocs, Inc. will post 12.66 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.