California Public Employees Retirement System Decreases Stake in Crocs, Inc. (NASDAQ:CROX)

California Public Employees Retirement System trimmed its holdings in Crocs, Inc. (NASDAQ:CROX) by 10.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 99,244 shares of the textile maker’s stock after selling 11,599 shares during the period. California Public Employees Retirement System’s holdings in Crocs were worth $10,870,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after acquiring an additional 47,576 shares during the period. Empowered Funds LLC grew its position in Crocs by 42.0% in the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock worth $8,450,000 after purchasing an additional 22,809 shares during the period. State of Alaska Department of Revenue raised its stake in Crocs by 129.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock valued at $2,373,000 after buying an additional 12,245 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of Crocs during the 4th quarter valued at $684,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Crocs by 39.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock worth $1,888,000 after buying an additional 4,862 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

Shares of Crocs stock opened at $100.65 on Monday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 1.80 and a beta of 1.62. 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’s 50-day simple moving average is $102.96 and its 200-day simple moving average is $111.78. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping 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%. As a group, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CROX has been the topic of a number of recent research reports. KeyCorp lowered their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Loop Capital increased their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Guggenheim cut their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Robert W. Baird decreased their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, UBS Group boosted their price objective on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.53.

Insider Buying and Selling

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the 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 owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company’s stock, 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 owned by company 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.