Ontario Teachers Pension Plan Board Increases Stake in Crocs, Inc. (NASDAQ:CROX)

Ontario Teachers Pension Plan Board grew its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 240.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,619 shares of the textile maker’s stock after buying an additional 7,500 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Crocs were worth $1,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CROX. UMB Bank n.a. boosted its position in Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after buying an additional 142 shares during the period. Allianz SE bought a new position in shares of Crocs during the fourth quarter valued at about $53,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crocs during the third quarter worth about $73,000. Jones Financial Companies Lllp grew its stake in shares of Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after purchasing an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Crocs during the 4th quarter valued at about $96,000. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CROX. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Loop Capital lifted their price target on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, April 1st. Guggenheim decreased their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Stifel Nicolaus cut their target price on shares of Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average target price of $140.00.

Crocs Stock Performance

Shares of CROX opened at $89.93 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The stock has a market cap of $5.04 billion, a P/E ratio of 5.62, a P/E/G ratio of 1.80 and a beta of 1.62. The business’s 50 day moving average price is $101.68 and its 200-day moving average price is $109.13. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32.

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

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following 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 represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by 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.