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

Townsend & Associates Inc grew its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,650 shares of the textile maker’s stock after purchasing an additional 4,227 shares during the quarter. Townsend & Associates Inc owned about 0.23% of Crocs worth $13,806,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CROX. Pacer Advisors Inc. increased its position in shares of 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 purchasing an additional 577,467 shares during the last quarter. FMR LLC increased its position 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 purchasing an additional 406,287 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Crocs during the 3rd quarter worth approximately $17,122,000. Motley Fool Wealth Management LLC acquired a new position in shares of Crocs during the 3rd quarter worth approximately $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position 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 worth $20,227,000 after purchasing an additional 46,890 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Performance

CROX opened at $107.60 on Friday. The business has a fifty day simple moving average of $105.39 and a 200 day simple moving average of $118.70. The company has a market capitalization of $6.03 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 1.80 and a beta of 1.93. Crocs, Inc. has a 1 year low of $88.25 and a 1 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.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating 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%. Research analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction 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 directly owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

CROX has been the topic of several recent analyst reports. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and lowered their price target for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Monness Crespi & Hardt decreased their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Barclays decreased their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Robert W. Baird decreased their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, KeyCorp decreased 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. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

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.