Alberta Investment Management Corp Acquires Shares of 11,500 Crocs, Inc. (NASDAQ:CROX)

Alberta Investment Management Corp bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,500 shares of the textile maker’s stock, valued at approximately $1,260,000.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. grew its stake in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of 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 acquiring an additional 208 shares in the last quarter. UMB Bank n.a. increased its stake in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs during the 3rd quarter worth $73,000. Finally, Quarry LP acquired a new stake in shares of Crocs in the 3rd quarter valued at approximately $104,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s 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 directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

Crocs Trading Down 1.2 %

CROX opened at $107.60 on Friday. The company has a market cap of $6.03 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.93. The company has a fifty day moving average price of $105.39 and a two-hundred day moving average price of $118.75. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Guggenheim cut their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Barclays reduced their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Crocs presently has an average rating of “Moderate Buy” and an average target price 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.