Crocs, Inc. (NASDAQ:CROX) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 10.5% in the 4th quarter, HoldingsChannel reports. The firm owned 20,271 shares of the textile maker’s stock after selling 2,389 shares during the quarter. Sei Investments Co.’s holdings in Crocs were worth $2,221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. grew its position in Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares in the last quarter. Contrarius Group Holdings Ltd purchased a new position in shares of Crocs during the fourth quarter valued at $6,259,000. Fort Washington Investment Advisors Inc. OH raised its position in Crocs by 34.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after buying an additional 46,890 shares during the period. Rheos Capital Works Inc. lifted its stake in Crocs by 30.6% in the 4th quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after acquiring an additional 45,000 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its position in Crocs by 54.3% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 91,647 shares of the textile maker’s stock worth $9,162,000 after acquiring an additional 32,254 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Trading Up 4.9 %

Shares of CROX opened at $100.65 on Friday. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 6.29, a P/E/G 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. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32. The stock’s 50-day moving average price is $102.96 and its 200 day moving average price is $111.98.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, research analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Activity at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CROX has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays decreased their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. UBS Group upped their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Finally, Guggenheim reduced their target price on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.53.

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.