New York State Common Retirement Fund Sells 19,400 Shares of Crocs, Inc. $CROX

New York State Common Retirement Fund decreased its holdings in Crocs, Inc. (NASDAQ:CROX) by 34.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,500 shares of the textile maker’s stock after selling 19,400 shares during the quarter. New York State Common Retirement Fund’s holdings in Crocs were worth $3,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Crocs by 120.7% in the second quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 245 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Crocs in the second quarter worth about $48,000. Employees Retirement System of Texas bought a new position in Crocs in the 2nd quarter valued at approximately $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Crocs in the 2nd quarter valued at $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Crocs by 159.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock valued at $79,000 after purchasing an additional 459 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CROX. Barclays raised their price target on shares of Crocs from $81.00 to $86.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Monness Crespi & Hardt boosted their target price on shares of Crocs from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Crocs in a research note on Friday, December 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Crocs in a research note on Thursday, January 22nd. Finally, Zacks Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Crocs currently has a consensus rating of “Hold” and a consensus price target of $94.64.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle bought 3,000 shares of Crocs stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the purchase, the director directly owned 18,417 shares of the company’s stock, valued at approximately $1,372,066.50. This trade represents a 19.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by insiders.

Crocs Price Performance

Shares of NASDAQ CROX opened at $85.81 on Friday. The stock has a fifty day simple moving average of $86.68 and a two-hundred day simple moving average of $85.17. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $122.84. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 27.95 and a beta of 1.56. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.97.

Crocs Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.