Linden Thomas Advisory Services LLC Sells 238 Shares of Crocs, Inc. (NASDAQ:CROX)

Linden Thomas Advisory Services LLC lowered its position in shares of Crocs, Inc. (NASDAQ:CROX) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,909 shares of the textile maker’s stock after selling 238 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Crocs were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CROX. New York State Common Retirement Fund grew its position in Crocs by 9.2% during the fourth quarter. New York State Common Retirement Fund now owns 220,634 shares of the textile maker’s stock worth $20,609,000 after buying an additional 18,516 shares in the last quarter. Telemus Capital LLC grew its position in Crocs by 23.5% during the fourth quarter. Telemus Capital LLC now owns 39,803 shares of the textile maker’s stock worth $3,718,000 after buying an additional 7,586 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of Crocs in the 4th quarter valued at $890,000. Handelsbanken Fonder AB boosted its holdings in shares of Crocs by 537.5% in the 4th quarter. Handelsbanken Fonder AB now owns 71,400 shares of the textile maker’s stock valued at $6,669,000 after purchasing an additional 60,200 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Crocs by 58.4% in the 4th quarter. CWM LLC now owns 1,684 shares of the textile maker’s stock valued at $157,000 after purchasing an additional 621 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CROX shares. Barclays started coverage on Crocs in a report on Monday, April 1st. They issued an “overweight” rating and a $167.00 target price on the stock. Piper Sandler raised their target price on Crocs from $135.00 to $140.00 and gave the company 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 company a “strong-buy” rating in a research note on Friday, February 16th. Stifel Nicolaus increased their price target on Crocs from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Williams Trading reiterated a “hold” rating and issued a $125.00 price target (down from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.17.

Crocs Price Performance

CROX stock opened at $125.77 on Thursday. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $150.56. The business has a 50-day simple moving average of $128.14 and a two-hundred day simple moving average of $107.07. The company has a market capitalization of $7.61 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 1.60 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.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The company had revenue of $960.10 million for the quarter, compared to analysts’ expectations of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. Crocs’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 EPS. Research analysts expect that Crocs, Inc. will post 12.44 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, President Michelle Poole sold 4,793 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the sale, the president now owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Michelle Poole sold 4,793 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the transaction, the president now directly owns 64,912 shares in the company, valued at approximately $7,734,264.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle purchased 1,972 shares of Crocs stock in a transaction dated 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 completion of the transaction, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The disclosure for this purchase can be found here. Insiders have sold 39,867 shares of company stock valued at $4,786,276 in the last 90 days. 2.69% of the stock is currently owned by company 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.