New Age Alpha Advisors LLC lessened its holdings in Crocs, Inc. (NASDAQ:CROX – Free Report) by 61.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,796 shares of the textile maker’s stock after selling 7,716 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Crocs were worth $410,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of CROX. AQR Capital Management LLC boosted its position in shares of Crocs by 399.0% in the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after acquiring an additional 1,012,943 shares during the period. Smead Capital Management Inc. acquired a new position in Crocs in the third quarter valued at about $52,978,000. American Century Companies Inc. raised its stake in Crocs by 144.4% in the third quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock valued at $59,939,000 after purchasing an additional 423,817 shares in the last quarter. LSV Asset Management raised its stake in Crocs by 33.1% in the fourth quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock valued at $126,060,000 after purchasing an additional 366,537 shares in the last quarter. Finally, Voss Capital LP raised its stake in Crocs by 65.2% in the third quarter. Voss Capital LP now owns 665,000 shares of the textile maker’s stock valued at $55,561,000 after purchasing an additional 262,500 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.
Crocs Stock Performance
Crocs stock opened at $118.62 on Friday. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $121.26. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $97.20 and its two-hundred day moving average price is $89.99. The stock has a market cap of $5.89 billion, a PE ratio of -85.96, a P/E/G ratio of 1.16 and a beta of 1.54.
Analysts Set New Price Targets
A number of research firms recently commented on CROX. Robert W. Baird set a $110.00 price target on Crocs in a research note on Friday, February 13th. BTIG Research began coverage on Crocs in a research note on Tuesday, March 10th. They issued a “neutral” rating for the company. Seaport Research Partners raised Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Tuesday, April 14th. Weiss Ratings downgraded Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Finally, Barclays boosted their price target on Crocs from $109.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $103.73.
Get Our Latest Research Report on Crocs
Crocs Company 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.
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