Townsend & Associates Inc Has $13.81 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

Townsend & Associates Inc lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,650 shares of the textile maker’s stock after buying an additional 4,227 shares during the period. Townsend & Associates Inc’s holdings in Crocs were worth $13,806,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC raised its holdings in shares of Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after buying an additional 406,287 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Crocs by 39.6% in 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. State Street Corp increased its holdings in Crocs by 0.7% in the 3rd quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after purchasing an additional 13,467 shares in the last quarter. Rheos Capital Works Inc. increased its holdings 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 purchasing an additional 45,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Crocs by 34.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after purchasing an additional 46,890 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

CROX has been the subject of a number of recent research reports. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and lowered their target price for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Bank of America upped their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays lowered their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report 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 report on Wednesday. Finally, Guggenheim decreased their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $143.53.

Crocs Stock Down 1.2 %

Shares of Crocs stock opened at $107.60 on Friday. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The stock’s 50-day moving average is $105.39 and its 200 day moving average is $118.70. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.80 and a beta of 1.93.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Equities research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the 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 owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

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.