Teachers Retirement System of The State of Kentucky Buys 15,046 Shares of Crocs, Inc. (NASDAQ:CROX)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Crocs, Inc. (NASDAQ:CROXGet Rating) by 155.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,746 shares of the textile maker’s stock after purchasing an additional 15,046 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Crocs were worth $1,890,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Verition Fund Management LLC grew its holdings in Crocs by 31.3% in the 1st quarter. Verition Fund Management LLC now owns 5,500 shares of the textile maker’s stock valued at $420,000 after buying an additional 1,311 shares in the last quarter. Walleye Capital LLC bought a new position in Crocs in the first quarter valued at about $969,000. BNP Paribas Arbitrage SA raised its position in shares of Crocs by 24.4% during the first quarter. BNP Paribas Arbitrage SA now owns 40,538 shares of the textile maker’s stock worth $3,097,000 after acquiring an additional 7,954 shares during the last quarter. Lido Advisors LLC raised its position in shares of Crocs by 12.1% during the first quarter. Lido Advisors LLC now owns 3,929 shares of the textile maker’s stock worth $300,000 after acquiring an additional 425 shares during the last quarter. Finally, Mcmorgan & Co. LLC bought a new position in shares of Crocs during the first quarter worth about $1,534,000. 79.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Crocs

In other news, President Michelle Poole sold 7,320 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $80.26, for a total value of $587,503.20. Following the completion of the transaction, the president now directly owns 168,905 shares in the company, valued at approximately $13,556,315.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Michelle Poole sold 7,320 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $80.26, for a total value of $587,503.20. Following the completion of the sale, the president now owns 168,905 shares of the company’s stock, valued at approximately $13,556,315.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Shannon Sisler sold 3,164 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $80.00, for a total value of $253,120.00. Following the completion of the sale, the executive vice president now directly owns 49,303 shares of the company’s stock, valued at approximately $3,944,240. The disclosure for this sale can be found here. Company insiders own 2.71% of the company’s stock.

Crocs Price Performance

CROX opened at $77.29 on Wednesday. The stock has a 50-day moving average price of $71.57 and a 200-day moving average price of $66.29. Crocs, Inc. has a 12-month low of $46.08 and a 12-month high of $183.88. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 5.58. The stock has a market capitalization of $4.76 billion, a P/E ratio of 8.82, a PEG ratio of 0.51 and a beta of 1.99.

Crocs (NASDAQ:CROXGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The textile maker reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.51. Crocs had a return on equity of 202.79% and a net margin of 19.08%. The firm had revenue of $964.60 million during the quarter, compared to analysts’ expectations of $938.93 million. During the same period in the prior year, the business earned $2.23 EPS. The company’s revenue for the quarter was up 50.6% compared to the same quarter last year. Equities analysts predict that Crocs, Inc. will post 10.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CROX has been the subject of several recent analyst reports. UBS Group decreased their target price on Crocs from $73.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, July 15th. Robert W. Baird restated an “outperform” rating and issued a $90.00 target price on shares of Crocs in a report on Tuesday, August 2nd. StockNews.com lowered Crocs from a “hold” rating to a “sell” rating in a report on Tuesday. B. Riley lowered their target price on Crocs from $120.00 to $116.00 in a research note on Friday, August 5th. Finally, Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and lifted their price target for the company from $52.42 to $75.00 in a research report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Crocs Profile

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Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

Further Reading

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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