Wells Fargo & Company MN increased its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 35.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,744 shares of the textile maker's stock after purchasing an additional 5,448 shares during the quarter. Wells Fargo & Company MN's holdings in Crocs were worth $2,272,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. raised 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 worth $49,000 after buying an additional 142 shares during the period. Allianz SE purchased a new position in Crocs during the fourth quarter valued at approximately $53,000. Wilmington Savings Fund Society FSB bought a new position in shares of Crocs in the third quarter worth approximately $73,000. Jones Financial Companies Lllp raised its position in shares of Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after purchasing an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of Crocs during the 4th quarter valued at $96,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on CROX shares. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Bank of America upped 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. Needham & Company LLC restated a "buy" rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. 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. Finally, Loop Capital raised their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.00.
Get Our Latest Report on CROX
Crocs Stock Down 0.1 %
Shares of NASDAQ:CROX traded down $0.13 on Tuesday, reaching $96.10. The company had a trading volume of 1,341,618 shares, compared to its average volume of 1,470,537. The firm has a market capitalization of $5.39 billion, a PE ratio of 6.01, a PEG ratio of 1.80 and a beta of 1.62. The company has a current ratio of 1.18, a quick ratio of 0.70 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 50 day simple moving average is $100.37 and its 200-day simple moving average is $106.05.
Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.
Insider Buying and Selling
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 completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.
Crocs Profile
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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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