Alliancebernstein L.P. Increases Position in Crocs, Inc. (NASDAQ:CROX)

Alliancebernstein L.P. grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 38.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 966,769 shares of the textile maker’s stock after acquiring an additional 270,598 shares during the period. Alliancebernstein L.P.’s holdings in Crocs were worth $105,890,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CROX. Cerity Partners LLC raised its stake in Crocs by 36.6% during the third quarter. Cerity Partners LLC now owns 10,252 shares of the textile maker’s stock valued at $1,485,000 after buying an additional 2,745 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Crocs by 67.8% in the 3rd quarter. D.A. Davidson & CO. now owns 2,701 shares of the textile maker’s stock worth $391,000 after purchasing an additional 1,091 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Crocs by 11.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,443 shares of the textile maker’s stock worth $2,526,000 after purchasing an additional 1,737 shares in the last quarter. HighTower Advisors LLC grew its position in Crocs by 122.8% during the 3rd quarter. HighTower Advisors LLC now owns 17,307 shares of the textile maker’s stock valued at $2,507,000 after purchasing an additional 9,539 shares during the last quarter. Finally, Motley Fool Wealth Management LLC bought a new stake in Crocs during the 3rd quarter valued at about $9,097,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Up 2.2 %

CROX opened at $111.54 on Thursday. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32. The firm’s 50 day simple moving average is $103.20 and its two-hundred day simple moving average is $112.52. 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 company has a market capitalization of $6.25 billion, a PE ratio of 6.98, a PEG ratio of 1.80 and a beta of 1.84.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. Bank of America upped their price target on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. Loop Capital lifted their price objective on Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, KeyCorp lowered their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.53.

Insider Activity

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade 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 company’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 owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. The trade was 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 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.