Nisa Investment Advisors LLC Cuts Position in Crocs, Inc. (NASDAQ:CROX)

Nisa Investment Advisors LLC lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 25.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 576 shares of the textile maker’s stock after selling 200 shares during the period. Nisa Investment Advisors LLC’s holdings in Crocs were worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Crocs by 21.0% in the 2nd quarter. Sei Investments Co. now owns 22,034 shares of the textile maker’s stock worth $3,216,000 after purchasing an additional 3,819 shares in the last quarter. Creative Planning increased its holdings in shares of Crocs by 13.2% in the 2nd quarter. Creative Planning now owns 5,006 shares of the textile maker’s stock worth $731,000 after purchasing an additional 582 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Crocs by 14.8% during the second quarter. NewEdge Advisors LLC now owns 13,868 shares of the textile maker’s stock valued at $2,024,000 after purchasing an additional 1,789 shares in the last quarter. Cetera Investment Advisers increased its holdings in Crocs by 46.6% in the 2nd quarter. Cetera Investment Advisers now owns 13,073 shares of the textile maker’s stock worth $1,908,000 after buying an additional 4,158 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in Crocs by 8.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock valued at $195,000 after acquiring an additional 100 shares during the period. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CROX shares. Needham & Company LLC started coverage on shares of Crocs in a report on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price on the stock. UBS Group reduced their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Barclays decreased their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and decreased their target price for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and a consensus target price of $146.80.

Insider Activity at Crocs

In other news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.72% of the stock is currently owned by insiders.

Crocs Stock Performance

NASDAQ CROX opened at $102.07 on Friday. The stock has a market capitalization of $5.95 billion, a PE ratio of 7.40, a P/E/G ratio of 1.83 and a beta of 1.95. Crocs, Inc. has a 1-year low of $94.50 and a 1-year high of $165.32. The business has a 50 day simple moving average of $108.05 and a two-hundred day simple moving average of $121.87. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.25 earnings per share. On average, research analysts predict that Crocs, Inc. will post 12.92 EPS for the current fiscal year.

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.