Zurcher Kantonalbank Zurich Cantonalbank Reduces Position in Crocs, Inc. (NASDAQ:CROX)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 11.7% during the 4th quarter, HoldingsChannel reports. The fund owned 15,396 shares of the textile maker’s stock after selling 2,047 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Crocs were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after acquiring an additional 20,797 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Crocs by 42.0% during the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock worth $8,450,000 after acquiring an additional 22,809 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of 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 worth $2,373,000 after acquiring an additional 12,245 shares during the last quarter. Motley Fool Wealth Management LLC purchased a new position in shares of Crocs during the 3rd quarter worth $9,097,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Crocs during the 3rd quarter worth $17,122,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the business’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 completion of the sale, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the business’s 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 sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

CROX has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Guggenheim lowered their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Bank of America lifted their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Stock Performance

Shares of NASDAQ CROX opened at $103.87 on Tuesday. The firm’s fifty day moving average is $102.53 and its two-hundred day moving average is $114.54. Crocs, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a market cap of $5.82 billion, a P/E ratio of 6.50, a P/E/G ratio of 1.80 and a beta of 1.84.

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

Crocs 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.