New York State Teachers Retirement System Purchases 379 Shares of Crocs, Inc. (NASDAQ:CROX)

Posted by Defense World Staff on Apr 15th, 2023

New York State Teachers Retirement System lifted its position in Crocs, Inc. (NASDAQ:CROX – Get Rating) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,170 shares of the textile maker’s stock after purchasing an additional 379 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Crocs worth $10,102,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Crocs by 0.9% in the third quarter. Arizona State Retirement System now owns 16,733 shares of the textile maker’s stock valued at $1,149,000 after acquiring an additional 146 shares during the last quarter. Prospera Financial Services Inc increased its stake in Crocs by 419.3% in the third quarter. Prospera Financial Services Inc now owns 15,651 shares of the textile maker’s stock valued at $1,075,000 after acquiring an additional 12,637 shares during the last quarter. Sigma Planning Corp increased its stake in Crocs by 1.8% in the fourth quarter. Sigma Planning Corp now owns 14,565 shares of the textile maker’s stock valued at $1,579,000 after acquiring an additional 253 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Crocs in the fourth quarter valued at $81,000. Finally, Lindbrook Capital LLC increased its stake in Crocs by 246.4% in the fourth quarter. Lindbrook Capital LLC now owns 239 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 84.95% of the company’s stock.

Crocs Stock Performance

Crocs stock opened at $134.30 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.86 and a debt-to-equity ratio of 2.81. Crocs, Inc. has a 1-year low of $46.08 and a 1-year high of $143.50. The firm has a 50-day moving average of $122.52 and a 200-day moving average of $105.42. The firm has a market cap of $8.29 billion, a P/E ratio of 15.45, a P/E/G ratio of 0.76 and a beta of 1.95.

Crocs (NASDAQ:CROX – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The textile maker reported $2.65 EPS for the quarter, topping the consensus estimate of $2.18 by $0.47. Crocs had a net margin of 15.19% and a return on equity of 118.32%. The business had revenue of $945.16 million during the quarter, compared to analyst estimates of $939.16 million. During the same period last year, the business posted $2.15 earnings per share. Crocs’s quarterly revenue was up 61.1% compared to the same quarter last year. Sell-side analysts expect that Crocs, Inc. will post 11.19 EPS for the current year.

Insiders Place Their Bets

In related news, Director Thomas J. Smach acquired 3,000 shares of the stock in a transaction on Monday, March 13th. The stock was acquired at an average cost of $113.15 per share, for a total transaction of $339,450.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $339,450. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Thomas J. Smach purchased 3,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average cost of $113.15 per share, with a total value of $339,450.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $339,450. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, President Michelle Poole sold 11,055 shares of the business’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $130.61, for a total value of $1,443,893.55. Following the completion of the sale, the president now directly owns 134,102 shares in the company, valued at $17,515,062.22. The disclosure for this sale can be found here. Insiders sold 36,571 shares of company stock worth $4,797,996 over the last three months. Company insiders own 2.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CROX. StockNews.com began coverage on Crocs in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Loop Capital raised their price objective on Crocs from $165.00 to $185.00 in a research note on Friday, February 17th. B. Riley began coverage on Crocs in a research note on Thursday, March 30th. They set a “buy” rating and a $157.00 price objective on the stock. Piper Sandler raised their price objective on Crocs from $118.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, January 12th. Finally, TheStreet raised Crocs from a “c+” rating to a “b” rating in a research note on Monday, January 30th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

Crocs Company Profile

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Crocs, Inc engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand.