Burney Co. Lowers Holdings in Crocs, Inc. (NASDAQ:CROX)

Burney Co. trimmed its position in Crocs, Inc. (NASDAQ:CROX) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,073 shares of the textile maker’s stock after selling 238 shares during the period. Burney Co.’s holdings in Crocs were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CROX. FMR LLC grew its position in Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after buying an additional 406,287 shares during the last quarter. Pacer Advisors Inc. grew its position in Crocs by 33.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock valued at $211,372,000 after buying an additional 368,557 shares during the last quarter. Marshall Wace LLP purchased a new position in Crocs in the 2nd quarter valued at $19,598,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Crocs in the 3rd quarter valued at $17,122,000. Finally, Distillate Capital Partners LLC purchased a new stake in shares of Crocs during the 2nd quarter worth $13,483,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Crocs

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This trade represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Crocs Trading Down 2.6 %

Shares of CROX stock opened at $99.97 on Friday. The firm has a market cap of $5.83 billion, a P/E ratio of 7.25, a PEG ratio of 1.90 and a beta of 1.95. Crocs, Inc. has a 1-year low of $94.50 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The firm’s 50-day simple moving average is $107.41 and its 200-day simple moving average is $124.47.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.25 EPS. As a group, equities analysts forecast that Crocs, Inc. will post 12.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and decreased their target price for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Monness Crespi & Hardt decreased their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. KeyCorp decreased their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Robert W. Baird decreased their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

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.