Crocs, Inc. (NASDAQ:CROX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Crocs, Inc. (NASDAQ:CROX) by 43.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 533,876 shares of the textile maker’s stock after selling 405,714 shares during the quarter. Wellington Management Group LLP owned about 0.92% of Crocs worth $58,475,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Clear Harbor Asset Management LLC lifted its holdings in shares of Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after purchasing an additional 100 shares during the period. Valmark Advisers Inc. lifted its stake in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock valued at $726,000 after acquiring an additional 117 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock valued at $157,000 after acquiring an additional 129 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Trading Up 4.9 %

Shares of Crocs stock opened at $100.65 on Friday. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The firm’s 50-day moving average price is $102.96 and its 200 day moving average price is $111.98. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $5.64 billion, a PE ratio of 6.29, a P/E/G ratio of 1.80 and a beta of 1.62.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. KeyCorp dropped their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group lifted their price target on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Finally, Guggenheim cut their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.53.

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.