BI Asset Management Fondsmaeglerselskab A S Sells 18,132 Shares of Crocs, Inc. (NASDAQ:CROX)

BI Asset Management Fondsmaeglerselskab A S lessened its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 18.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,968 shares of the textile maker's stock after selling 18,132 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.13% of Crocs worth $8,540,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CROX. UMB Bank n.a. increased its position in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after buying an additional 142 shares during the last quarter. Allianz SE bought a new stake in Crocs in the 4th quarter valued at about $53,000. Wilmington Savings Fund Society FSB purchased a new stake in Crocs during the third quarter valued at about $73,000. Jones Financial Companies Lllp increased its stake in shares of Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after purchasing an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Crocs in the fourth quarter valued at approximately $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Buying and Selling at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group raised their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Piper Sandler reduced their price target on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Needham & Company LLC reiterated a "buy" rating and set a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Barclays cut their target price on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

Crocs Price Performance

Shares of Crocs stock traded down $2.17 during trading on Friday, hitting $96.57. 605,083 shares of the stock traded hands, compared to its average volume of 1,794,260. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 1.80 and a beta of 1.62. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The firm's fifty day moving average is $100.86 and its 200-day moving average is $107.03.

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 net margin of 23.16% and a return on equity of 46.27%. Research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

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.