Steward Partners Investment Advisory LLC Lowers Position in Crocs, Inc. (NASDAQ:CROX)

Steward Partners Investment Advisory LLC trimmed its stake in Crocs, Inc. (NASDAQ:CROX) by 36.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,639 shares of the textile maker’s stock after selling 2,049 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Crocs were worth $399,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares during the period. Pacer Advisors Inc. grew its stake in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares during the period. State Street Corp grew its stake in Crocs by 0.7% during the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after buying an additional 13,467 shares during the period. Rheos Capital Works Inc. grew its stake in Crocs by 30.6% during the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after buying an additional 45,000 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in Crocs by 34.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after buying an additional 46,890 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the 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 transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Stock Down 1.8 %

Shares of NASDAQ:CROX opened at $100.00 on Friday. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32. The company’s fifty day moving average is $103.14 and its two-hundred day moving average is $115.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX) last released its quarterly 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 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Guggenheim decreased their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Barclays decreased their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. KeyCorp decreased their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.53.

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.