Yousif Capital Management LLC Reduces Stock Position in Crocs, Inc. (NASDAQ:CROX)

Yousif Capital Management LLC trimmed its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,641 shares of the textile maker’s stock after selling 1,316 shares during the period. Yousif Capital Management LLC’s holdings in Crocs were worth $2,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Crocs by 4.8% during 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. increased its position in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after acquiring an additional 577,467 shares during the last quarter. State Street Corp lifted its holdings in Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after acquiring an additional 13,467 shares during the period. Rheos Capital Works Inc. boosted its position in Crocs by 30.6% in the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Crocs by 34.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after purchasing an additional 46,890 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Activity at Crocs

In other news, CFO Susan L. Healy acquired 1,000 shares of Crocs stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CROX has been the topic of several recent research reports. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. UBS Group reduced their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Guggenheim cut their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Needham & Company LLC began coverage on Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.47.

Crocs Stock Down 2.8 %

CROX opened at $90.76 on Tuesday. The company has a market capitalization of $5.29 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.67 and a beta of 1.93. The firm has a 50-day simple moving average of $106.69 and a two-hundred day simple moving average of $120.19. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 52 week low of $89.61 and a 52 week high of $165.32.

Crocs Company 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.