Prudential Financial Inc. Sells 41,012 Shares of Crocs, Inc. (NASDAQ:CROX)

Prudential Financial Inc. lessened its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 51.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,983 shares of the textile maker's stock after selling 41,012 shares during the quarter. Prudential Financial Inc. owned approximately 0.07% of Crocs worth $4,270,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC increased its position in Crocs by 3.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock worth $341,000 after buying an additional 100 shares during the period. Valmark Advisers Inc. boosted its stake in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC grew its position in Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after purchasing an additional 129 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Crocs by 46.6% in 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 period. Finally, Jones Financial Companies Lllp raised its holdings in shares of Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after buying an additional 206 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

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Crocs Trading Up 4.9 %

NASDAQ CROX traded up $4.68 during mid-day trading on Friday, reaching $100.65. 4,695,361 shares of the stock were exchanged, compared to its average volume of 1,418,952. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32. The stock has a market capitalization of $5.64 billion, a PE ratio of 6.29, a PEG ratio of 1.80 and a beta of 1.62. The business's fifty day simple moving average is $102.96 and its 200 day simple moving average is $111.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results 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, research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Guggenheim dropped their target price on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Loop Capital raised their price target on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Bank of America boosted their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and issued a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $144.53.

Insider Activity

In other news, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction on 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 owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. 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.