Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.41 Million Holdings in Crocs, Inc. (NASDAQ:CROX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Crocs, Inc. (NASDAQ:CROX) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,872 shares of the textile maker’s stock after selling 218 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Crocs were worth $1,410,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC grew its position in Crocs by 42.0% in the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock worth $8,450,000 after acquiring an additional 22,809 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Crocs by 129.8% in the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock worth $2,373,000 after acquiring an additional 12,245 shares during the period. Motley Fool Wealth Management LLC acquired a new position in shares of Crocs in the third quarter valued at $9,097,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Crocs in the third quarter worth $17,122,000. Finally, Hancock Whitney Corp boosted its stake in Crocs by 67.9% during the third quarter. Hancock Whitney Corp now owns 13,936 shares of the textile maker’s stock worth $2,018,000 after buying an additional 5,636 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the company’s 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 sale, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of Crocs 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 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 position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CROX. Loop Capital raised shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Wednesday, March 12th. Bank of America increased their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays decreased their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. UBS Group lifted their price objective on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Stock Up 1.5 %

Crocs stock opened at $112.59 on Wednesday. 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. The company has a fifty day simple moving average of $102.39 and a 200 day simple moving average of $113.19. The company has a market cap of $6.31 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating 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%. Research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share 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.