Mutual of America Capital Management LLC Reduces Stock Position in Crocs, Inc. (NASDAQ:CROX)

Mutual of America Capital Management LLC trimmed its position in Crocs, Inc. (NASDAQ:CROX) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,757 shares of the textile maker’s stock after selling 1,329 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Crocs worth $5,072,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of Crocs by 17.0% during the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock valued at $7,292,000 after buying an additional 7,448 shares during the period. Alaska Permanent Fund Corp lifted its stake in shares of Crocs by 282.2% during the 1st quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock worth $2,226,000 after purchasing an additional 11,428 shares during the period. Tyro Capital Management LLC acquired a new stake in shares of Crocs during the fourth quarter worth $10,481,000. Boston Partners purchased a new stake in shares of Crocs in the first quarter valued at $10,771,000. Finally, Artisan Partners Limited Partnership increased its stake in Crocs by 25.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 248,925 shares of the textile maker’s stock valued at $23,252,000 after purchasing an additional 50,881 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Performance

Crocs stock opened at $139.05 on Friday. The firm has a market capitalization of $8.44 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00. Crocs, Inc. has a one year low of $74.00 and a one year high of $165.32. The stock’s 50 day moving average price is $134.34 and its 200 day moving average price is $137.81. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.59 earnings per share. As a group, sell-side analysts expect that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In related news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now owns 81,254 shares in the company, valued at $10,756,404.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director John B. Replogle purchased 1,996 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the purchase, the director now owns 7,064 shares in the company, valued at $875,653.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now owns 81,254 shares in the company, valued at $10,756,404.52. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Bank of America boosted their target price on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Crocs in a research note on Monday, July 29th. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Finally, UBS Group cut their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.27.

About Crocs

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.