Crocs, Inc. (NASDAQ:CROX) is Timelo Investment Management Inc.’s 10th Largest Position

Timelo Investment Management Inc. decreased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 76.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the textile maker’s stock after selling 20,000 shares during the quarter. Crocs makes up 0.5% of Timelo Investment Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Timelo Investment Management Inc.’s holdings in Crocs were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mcmorgan & Co. LLC raised its holdings in Crocs by 16.3% in the fourth quarter. Mcmorgan & Co. LLC now owns 30,009 shares of the textile maker’s stock valued at $3,287,000 after acquiring an additional 4,206 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Crocs by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 33,285 shares of the textile maker’s stock valued at $3,646,000 after purchasing an additional 2,104 shares during the last quarter. Natixis acquired a new stake in shares of Crocs in the 4th quarter valued at $9,272,000. Capital Research Global Investors purchased a new stake in shares of Crocs during the 4th quarter worth $11,775,000. Finally, Dimensional Fund Advisors LP increased its holdings in Crocs by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker’s stock valued at $114,632,000 after buying an additional 89,647 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Up 2.3 %

CROX stock opened at $90.72 on Friday. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a fifty day moving average of $101.62 and a 200-day moving average of $108.04. The stock has a market capitalization of $5.09 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS 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 year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CROX shares. Stifel Nicolaus dropped their price objective on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. KeyCorp reduced their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Loop Capital lifted their price target on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Piper Sandler dropped their price objective on Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $129.00 target price on shares of Crocs in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.00.

Insider Buying and Selling at Crocs

In other Crocs 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 directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade 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 corporate insiders.

About Crocs

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.