Crocs, Inc. (NASDAQ:CROX) Stake Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 21.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,669 shares of the textile maker’s stock after selling 1,871 shares during the period. Vontobel Holding Ltd.’s holdings in Crocs were worth $730,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in Crocs by 55.8% in the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after purchasing an additional 14,387 shares during the period. Meeder Asset Management Inc. raised its holdings in Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after buying an additional 20,797 shares during the period. Catalyst Capital Advisors LLC raised its holdings in Crocs by 2,775.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after buying an additional 7,633 shares during the period. Aigen Investment Management LP acquired a new position in shares of Crocs in the 3rd quarter valued at about $2,024,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Crocs in the 3rd quarter valued at about $2,076,000. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of CROX opened at $110.97 on Thursday. The firm has a market cap of $6.22 billion, a PE ratio of 6.94, a PEG ratio of 1.82 and a beta of 1.93. The stock’s fifty day moving average price is $105.55 and its two-hundred day moving average price is $118.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a 1 year low of $88.25 and a 1 year high of $165.32.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, equities research analysts forecast that Crocs, Inc. will post 12.97 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CROX shares. Barclays cut their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Bank of America raised their target price on 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 Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Loop Capital cut Crocs from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Activity

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.72% of the stock is currently owned by corporate insiders.

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.