New York State Common Retirement Fund Purchases 18,516 Shares of Crocs, Inc. (NASDAQ:CROX)

New York State Common Retirement Fund boosted its stake in Crocs, Inc. (NASDAQ:CROX) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,634 shares of the textile maker’s stock after purchasing an additional 18,516 shares during the period. New York State Common Retirement Fund owned about 0.36% of Crocs worth $20,609,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Byrne Asset Management LLC increased its holdings in Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 120 shares during the period. Treasurer of the State of North Carolina increased its holdings in Crocs by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 26,720 shares of the textile maker’s stock valued at $2,358,000 after purchasing an additional 140 shares during the period. Nordea Investment Management AB grew its holdings in Crocs by 0.4% during the 3rd quarter. Nordea Investment Management AB now owns 37,802 shares of the textile maker’s stock worth $3,362,000 after acquiring an additional 145 shares during the period. SkyView Investment Advisors LLC grew its holdings in Crocs by 5.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,135 shares of the textile maker’s stock worth $276,000 after acquiring an additional 149 shares during the period. Finally, Xponance Inc. grew its holdings in Crocs by 1.3% during the 4th quarter. Xponance Inc. now owns 14,052 shares of the textile maker’s stock worth $1,313,000 after acquiring an additional 177 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of NASDAQ CROX opened at $125.40 on Friday. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $146.79. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.56 and a beta of 2.01. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. The firm’s 50-day simple moving average is $128.31 and its 200 day simple moving average is $107.61.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The business had revenue of $960.10 million for the quarter, compared to analysts’ expectations of $958.39 million. During the same quarter last year, the firm earned $2.65 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Crocs, Inc. will post 12.44 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the transaction, the director now owns 31,815 shares of the company’s stock, valued at approximately $3,819,390.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director John B. Replogle bought 1,972 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $126.75 per share, with a total value of $249,951.00. Following the transaction, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the transaction, the director now directly owns 31,815 shares in the company, valued at approximately $3,819,390.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,867 shares of company stock valued at $4,786,276. 2.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CROX. KeyCorp increased their price target on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Bank of America increased their price target on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Piper Sandler increased their price target on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Raymond James increased their price target on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Finally, Williams Trading reissued a “hold” rating and set a $125.00 price objective (down previously from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.17.

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.