Franklin Resources Inc. Has $4.76 Million Position in Crocs, Inc. (NASDAQ:CROX)

Franklin Resources Inc. lessened its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 43,487 shares of the textile maker's stock after selling 3,113 shares during the period. Franklin Resources Inc. owned about 0.07% of Crocs worth $4,763,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CROX. Arrowstreet Capital Limited Partnership grew its position in Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after buying an additional 577,467 shares in the last quarter. Norges Bank acquired a new position in Crocs during the fourth quarter valued at $62,221,000. Alliancebernstein L.P. lifted its stake in Crocs by 38.9% in the 4th quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker's stock worth $105,890,000 after acquiring an additional 270,598 shares in the last quarter. Finally, Contrarius Group Holdings Ltd purchased a new stake in shares of Crocs in the fourth quarter worth approximately $6,259,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Performance

NASDAQ:CROX traded down $1.00 during midday trading on Wednesday, reaching $88.93. The stock had a trading volume of 200,442 shares, compared to its average volume of 1,448,672. The stock has a market capitalization of $4.99 billion, a P/E ratio of 5.56, a PEG ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The firm's fifty day simple moving average is $101.68 and its 200-day simple moving average is $109.13.

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Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate 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 research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CROX. 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 report on Tuesday, April 1st. Needham & Company LLC restated a "buy" rating and issued a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. Robert W. Baird cut their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. KeyCorp lowered their price target on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Insider Transactions at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm's 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 transaction, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.

Crocs Profile

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.