California Public Employees Retirement System Has $5.43 Million Position in Crocs, Inc. (CROX)

California Public Employees Retirement System lowered its position in shares of Crocs, Inc. (NASDAQ:CROX) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,938 shares of the textile maker’s stock after selling 26,009 shares during the period. California Public Employees Retirement System’s holdings in Crocs were worth $5,428,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in Crocs by 26.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,282 shares of the textile maker’s stock valued at $85,000 after acquiring an additional 679 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Crocs in the fourth quarter valued at $97,000. Meeder Asset Management Inc. lifted its position in Crocs by 1,399.6% in the fourth quarter. Meeder Asset Management Inc. now owns 4,094 shares of the textile maker’s stock valued at $107,000 after acquiring an additional 3,821 shares during the last quarter. LS Investment Advisors LLC lifted its position in Crocs by 121.9% in the fourth quarter. LS Investment Advisors LLC now owns 4,724 shares of the textile maker’s stock valued at $123,000 after acquiring an additional 2,595 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Crocs by 152.0% in the fourth quarter. Bank of Montreal Can now owns 5,091 shares of the textile maker’s stock valued at $133,000 after acquiring an additional 3,071 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

In other news, insider Daniel P. Hart sold 25,000 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $27.00, for a total value of $675,000.00. Following the completion of the sale, the insider now directly owns 301,875 shares of the company’s stock, valued at $8,150,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Smach sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $26.71, for a total transaction of $267,100.00. Following the completion of the sale, the director now directly owns 135,262 shares of the company’s stock, valued at $3,612,848.02. The disclosure for this sale can be found here. Insiders sold 85,000 shares of company stock valued at $2,367,100 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Shares of NASDAQ:CROX opened at $24.83 on Friday. Crocs, Inc. has a one year low of $14.12 and a one year high of $31.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.39. The stock has a market capitalization of $1.83 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 28th. The textile maker reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.12. Crocs had a net margin of 4.27% and a return on equity of 27.23%. During the same period in the previous year, the business earned ($0.27) earnings per share. As a group, sell-side analysts predict that Crocs, Inc. will post 0.99 EPS for the current year.

CROX has been the subject of a number of research reports. Pivotal Research set a $33.00 price target on shares of Crocs and gave the company a “buy” rating in a research report on Monday, December 3rd. Piper Jaffray Companies set a $31.00 price target on shares of Crocs and gave the company a “buy” rating in a research report on Tuesday, December 4th. BidaskClub raised shares of Crocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 5th. Susquehanna Bancshares raised shares of Crocs from a “neutral” rating to a “positive” rating and set a $28.80 price target for the company in a research report on Wednesday, January 2nd. Finally, Monness Crespi & Hardt raised shares of Crocs from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, February 28th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Crocs has an average rating of “Buy” and an average price target of $25.40.

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Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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