California Public Employees Retirement System Trims Holdings in Crocs, Inc. (NASDAQ:CROX)

California Public Employees Retirement System cut its holdings in Crocs, Inc. (NASDAQ:CROXGet Rating) by 9.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,711 shares of the textile maker’s stock after selling 10,774 shares during the quarter. California Public Employees Retirement System’s holdings in Crocs were worth $5,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Crocs in the 1st quarter worth about $36,000. Community Bank N.A. purchased a new stake in shares of Crocs in the 1st quarter worth about $68,000. Banque Cantonale Vaudoise purchased a new stake in shares of Crocs in the 2nd quarter worth about $52,000. Silvant Capital Management LLC purchased a new stake in shares of Crocs in the 1st quarter worth about $117,000. Finally, Islay Capital Management LLC grew its position in shares of Crocs by 66.0% in the 2nd quarter. Islay Capital Management LLC now owns 1,580 shares of the textile maker’s stock worth $77,000 after buying an additional 628 shares during the period. 79.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other Crocs news, CEO Andrew Rees sold 10,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $100.55, for a total transaction of $1,005,500.00. Following the transaction, the chief executive officer now owns 149,748 shares in the company, valued at approximately $15,057,161.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Michelle Poole sold 10,507 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $89.04, for a total value of $935,543.28. Following the transaction, the president now owns 154,649 shares in the company, valued at approximately $13,769,946.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $100.55, for a total transaction of $1,005,500.00. Following the completion of the transaction, the chief executive officer now owns 149,748 shares in the company, valued at approximately $15,057,161.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,939 shares of company stock worth $3,763,350. Company insiders own 2.71% of the company’s stock.

Crocs Price Performance

CROX opened at $96.63 on Friday. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.07 and a current ratio of 1.97. The stock has a market capitalization of $5.97 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.62 and a beta of 1.87. The company’s 50-day simple moving average is $79.74 and its two-hundred day simple moving average is $68.41. Crocs, Inc. has a 52-week low of $46.08 and a 52-week high of $173.88.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CROX. Exane BNP Paribas began coverage on shares of Crocs in a research report on Wednesday, September 21st. They set a “neutral” rating on the stock. StockNews.com downgraded shares of Crocs from a “hold” rating to a “sell” rating in a research report on Friday, November 4th. BNP Paribas began coverage on shares of Crocs in a research report on Wednesday, September 21st. They set a “neutral” rating on the stock. Robert W. Baird increased their price objective on shares of Crocs from $100.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, November 14th. Finally, B. Riley cut their price objective on shares of Crocs from $120.00 to $116.00 in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $90.57.

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.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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