Amundi Decreases Stake in Crocs, Inc. (NASDAQ:CROX)

Amundi reduced its position in Crocs, Inc. (NASDAQ:CROX) by 58.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,612 shares of the textile maker’s stock after selling 6,568 shares during the period. Amundi’s holdings in Crocs were worth $506,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in shares of Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after buying an additional 406,287 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares in the last quarter. State Street Corp lifted its position in shares of Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after buying an additional 13,467 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Crocs by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker’s stock worth $78,360,000 after buying an additional 8,014 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its position in shares of Crocs by 30.6% in the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after buying an additional 45,000 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Down 1.4 %

Shares of NASDAQ:CROX opened at $105.48 on Friday. Crocs, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32. The stock has a market cap of $5.91 billion, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The business’s 50 day moving average is $102.24 and its 200 day moving average is $114.13. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

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, 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%. Sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analysts Forecast Growth

CROX has been the topic of a number of recent research reports. Bank of America upped their price objective on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Wednesday, March 12th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays decreased their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, UBS Group upped their price objective on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Buying and Selling

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

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.