Davis Investment Partners LLC Sells 1,901 Shares of Crocs, Inc. (NASDAQ:CROX)

Davis Investment Partners LLC cut its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 19.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,772 shares of the textile maker’s stock after selling 1,901 shares during the quarter. Davis Investment Partners LLC’s holdings in Crocs were worth $855,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CROX. Nordea Investment Management AB grew its stake in Crocs by 4.0% in the fourth quarter. Nordea Investment Management AB now owns 46,753 shares of the textile maker’s stock valued at $5,156,000 after acquiring an additional 1,816 shares during the period. Central Pacific Bank Trust Division increased its stake in Crocs by 32.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,790 shares of the textile maker’s stock worth $196,000 after purchasing an additional 440 shares in the last quarter. Franklin Resources Inc. raised its holdings in Crocs by 31.1% during the 3rd quarter. Franklin Resources Inc. now owns 46,600 shares of the textile maker’s stock worth $6,497,000 after buying an additional 11,056 shares during the period. Tidal Investments LLC lifted its stake in Crocs by 64.5% in the third quarter. Tidal Investments LLC now owns 21,674 shares of the textile maker’s stock valued at $3,139,000 after buying an additional 8,498 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs in the third quarter valued at approximately $73,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

CROX has been the subject of a number of research analyst reports. Barclays reduced their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and lowered their price objective for the company from $150.00 to $110.00 in a report on Thursday, November 7th. KeyCorp cut their price target 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, Monness Crespi & Hardt dropped their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Stock Performance

Shares of NASDAQ:CROX traded down $4.27 during trading on Monday, reaching $105.77. 1,544,171 shares of the stock were exchanged, compared to its average volume of 986,767. Crocs, Inc. has a 12 month low of $94.50 and a 12 month high of $165.32. The stock has a 50-day moving average price of $107.41 and a 200-day moving average price of $125.84. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.16 billion, a PE ratio of 7.67, a PEG ratio of 1.14 and a beta of 1.95.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted $3.25 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts expect that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insider Buying and Selling

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

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.