Legal & General Group Plc lessened its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,926 shares of the textile maker's stock after selling 13,062 shares during the period. Legal & General Group Plc owned about 0.16% of Crocs worth $10,069,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the last quarter. Allianz SE bought a new position in Crocs during the fourth quarter worth $53,000. Wilmington Savings Fund Society FSB acquired a new stake in Crocs during the third quarter worth $73,000. Jones Financial Companies Lllp increased its stake in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after acquiring an additional 206 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in shares of Crocs during the 4th quarter worth approximately $96,000. Institutional investors and hedge funds own 93.44% of the company's stock.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Guggenheim cut their price target on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, KeyCorp cut their price objective 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. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.00.
View Our Latest Stock Analysis on Crocs
Crocs Stock Performance
CROX stock traded up $4.67 during mid-day trading on Wednesday, hitting $98.26. 517,917 shares of the company were exchanged, compared to its average volume of 1,457,317. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32. The business has a 50 day simple moving average of $101.30 and a 200-day simple moving average of $107.37. 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 stock has a market capitalization of $5.51 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.
Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (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%. On average, equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.
Insider Transactions at Crocs
In related news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value 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. This trade represents a 13.72 % decrease in their ownership of the stock. 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 on Tuesday, February 18th. The shares were 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 owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.
About Crocs
(
Free Report)
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.
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