Crocs, Inc. (NASDAQ:CROX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 31.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,723 shares of the textile maker's stock after selling 64,467 shares during the quarter. Principal Financial Group Inc. owned about 0.24% of Crocs worth $19,944,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GHP Investment Advisors Inc. lifted its stake in shares of Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock valued at $33,000 after purchasing an additional 180 shares during the period. Financial Management Professionals Inc. increased its stake in Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock valued at $33,000 after purchasing an additional 224 shares in the last quarter. UMB Bank n.a. boosted its position in Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock worth $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock valued at $45,000 after purchasing an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock valued at $58,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Trading Down 2.0 %

Shares of Crocs stock traded down $2.23 during trading hours on Friday, hitting $110.72. The company's stock had a trading volume of 930,358 shares, compared to its average volume of 1,348,382. The business has a fifty day moving average of $110.16 and a 200 day moving average of $129.44. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $6.45 billion, a PE ratio of 8.03, a P/E/G ratio of 1.14 and a beta of 1.99.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.25 EPS. As a group, equities analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

Insider Activity

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, with a total value of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Monness Crespi & Hardt reduced their price target on shares of Crocs from $170.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a report on Thursday, December 12th. Robert W. Baird reduced their price objective on Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Barclays reduced their target price on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Finally, UBS Group cut their price objective on shares of Crocs from $146.00 to $122.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.80.

Crocs Company 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.