Crocs, Inc. (NASDAQ:CROX) Position Trimmed by Corebridge Financial Inc.

Corebridge Financial Inc. cut its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,057 shares of the textile maker's stock after selling 4,295 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Crocs worth $7,235,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CROX. Cerity Partners LLC grew its holdings in Crocs by 36.6% during the 3rd quarter. Cerity Partners LLC now owns 10,252 shares of the textile maker's stock worth $1,485,000 after acquiring an additional 2,745 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Crocs by 67.8% during the third 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 in the last quarter. Cynosure Group LLC purchased a new position in Crocs in the third quarter valued at $368,000. Bridgewater Associates LP raised its stake in Crocs by 48.1% in the third quarter. Bridgewater Associates LP now owns 89,752 shares of the textile maker's stock valued at $12,997,000 after buying an additional 29,166 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in Crocs during the 3rd quarter worth about $400,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and set a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. KeyCorp dropped their target price on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Loop Capital boosted their price target on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Bank of America upped their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and an average target price of $144.53.

Crocs Stock Up 1.4 %

CROX stock traded up $1.56 during trading on Wednesday, reaching $110.70. The stock had a trading volume of 332,749 shares, compared to its average volume of 1,382,367. The firm has a fifty day moving average price of $103.02 and a 200 day moving average price of $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 $6.21 billion, a P/E ratio of 6.92, a PEG ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating 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%. On average, equities analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Transactions at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 89,323 shares of the company's stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

About Crocs

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.