Swiss National Bank Has $12.79 Million Position in Crocs, Inc. (NASDAQ:CROX)

Swiss National Bank decreased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,800 shares of the textile maker’s stock after selling 1,800 shares during the quarter. Swiss National Bank’s holdings in Crocs were worth $12,793,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after acquiring an additional 406,287 shares during the period. Pacer Advisors Inc. lifted its position in Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the period. State Street Corp boosted its stake in shares of Crocs by 0.7% in the 3rd quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after purchasing an additional 13,467 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Crocs by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker’s stock worth $78,360,000 after buying an additional 8,014 shares during the period. Finally, Rheos Capital Works Inc. raised its stake in shares of 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 last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on 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 sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Barclays dropped their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Guggenheim lowered their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Loop Capital raised shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Wednesday, March 12th. Finally, KeyCorp lowered 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. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Crocs Trading Up 3.4 %

NASDAQ:CROX opened at $106.98 on Thursday. The company has a market cap of $6.00 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The business has a 50 day moving average price of $102.33 and a two-hundred day moving average price of $114.19. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

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.