Handelsbanken Fonder AB Reduces Holdings in Crocs, Inc. (NASDAQ:CROX)

Handelsbanken Fonder AB decreased its holdings in Crocs, Inc. (NASDAQ:CROX) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,200 shares of the textile maker’s stock after selling 100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Crocs were worth $1,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $1,289,908,000 after acquiring an additional 406,287 shares during the period. Pacer Advisors Inc. raised its stake 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 acquiring an additional 577,467 shares during the period. State Street Corp raised its stake in Crocs by 0.7% during the 3rd quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after acquiring an additional 13,467 shares during the period. Rheos Capital Works Inc. raised its stake in Crocs by 30.6% during 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 during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in 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 worth $20,227,000 after acquiring an additional 46,890 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 2.8 %

Shares of CROX opened at $103.15 on Wednesday. The company’s fifty day moving average is $105.16 and its 200 day moving average is $118.26. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The stock has a market capitalization of $5.78 billion, a PE ratio of 6.45, a P/E/G ratio of 1.80 and a beta of 1.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Sell-side analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CROX has been the topic of a number of recent analyst reports. Guggenheim decreased 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. Robert W. Baird decreased 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. Monness Crespi & Hardt reduced their price objective 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 reduced their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.53.

Insiders Place Their Bets

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

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.