Prudential PLC Takes Position in Crocs, Inc. (NASDAQ:CROX)

Prudential PLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,759 shares of the textile maker’s stock, valued at approximately $302,000.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares in the last quarter. Allianz SE bought a new position in Crocs in the fourth quarter worth approximately $53,000. Wilmington Savings Fund Society FSB acquired a new stake in Crocs in the third quarter valued at approximately $73,000. Jones Financial Companies Lllp increased 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 acquiring an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Crocs during the fourth quarter worth approximately $96,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on CROX. KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $129.00 target price on shares of Crocs in a research report on Thursday, February 13th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Guggenheim cut their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Loop Capital increased their price objective on Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $144.53.

Crocs Trading Down 6.8 %

NASDAQ CROX opened at $89.32 on Wednesday. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 5.59, a PEG ratio of 1.80 and a beta of 1.62. The business’s fifty day moving average is $102.23 and its 200-day moving average is $110.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a one year low of $87.08 and a one year high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Equities research analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the 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 owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

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.