Crocs, Inc. (NASDAQ:CROX) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC lowered its holdings in Crocs, Inc. (NASDAQ:CROX) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 343,177 shares of the textile maker’s stock after selling 11,500 shares during the period. Crocs comprises 1.8% of Polaris Capital Management LLC’s portfolio, making the stock its 22nd largest position. Polaris Capital Management LLC’s holdings in Crocs were worth $37,588,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares in the last quarter. Avior Wealth Management LLC grew its position in Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Crocs during the 3rd quarter valued at $73,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other news, CFO Susan L. Healy acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

CROX has been the topic of several recent analyst reports. Monness Crespi & Hardt dropped their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Barclays cut their price objective 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. UBS Group dropped their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and cut their price target for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.47.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $90.76 on Tuesday. The stock’s 50 day moving average is $106.69 and its 200-day moving average is $120.19. Crocs, Inc. has a twelve month low of $89.61 and a twelve month high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 1.67 and a beta of 1.93.

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.