Intech Investment Management LLC Buys 20,435 Shares of Crocs, Inc. (NASDAQ:CROX)

Intech Investment Management LLC increased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 194.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,944 shares of the textile maker’s stock after buying an additional 20,435 shares during the quarter. Intech Investment Management LLC’s holdings in Crocs were worth $3,389,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CROX. Victory Capital Management Inc. grew its holdings in Crocs by 40.2% during the third quarter. Victory Capital Management Inc. now owns 20,907 shares of the textile maker’s stock worth $3,028,000 after buying an additional 5,995 shares in the last quarter. KBC Group NV boosted its position in Crocs by 11.9% in the third quarter. KBC Group NV now owns 1,659 shares of the textile maker’s stock worth $240,000 after purchasing an additional 177 shares during the last quarter. Natixis Advisors LLC boosted its position in Crocs by 17.1% in the third quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock worth $1,770,000 after purchasing an additional 1,783 shares during the last quarter. Quest Partners LLC purchased a new position in Crocs in the third quarter worth $905,000. Finally, Pathstone Holdings LLC boosted its position in Crocs by 24.2% in the third quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock worth $1,853,000 after purchasing an additional 2,491 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction dated 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 $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This represents 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 currently owned by company insiders.

Crocs Price Performance

Shares of NASDAQ CROX opened at $106.98 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $6.00 billion, a P/E ratio of 6.69, a P/E/G ratio of 1.80 and a beta of 1.84. The stock’s 50-day simple moving average is $102.33 and its two-hundred day simple moving average is $114.19. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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%. As a group, equities analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Wednesday, March 12th. Barclays cut their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Bank of America boosted their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Robert W. Baird dropped their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

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.