Crocs, Inc. (NASDAQ:CROX) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in shares of Crocs, Inc. (NASDAQ:CROX) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,897 shares of the textile maker’s stock after selling 1,667 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Crocs were worth $3,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. increased its stake in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after acquiring an additional 224 shares during the period. Avior Wealth Management LLC grew its position in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the period. UMB Bank n.a. grew its position in Crocs by 46.6% during 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. Wilmington Savings Fund Society FSB acquired a new position in Crocs during the third quarter worth about $73,000. Finally, Quarry LP acquired a new position in Crocs during the third quarter worth about $104,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the 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 of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred on 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 directly owns 29,299 shares in the company, valued at approximately $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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CROX shares. Barclays lowered their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and lowered their target price for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Guggenheim reduced their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Crocs Stock Performance

Shares of CROX opened at $107.60 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.83 and a beta of 1.93. The company’s 50 day simple moving average is $105.39 and its 200 day simple moving average is $118.75. Crocs, Inc. has a 1 year low of $88.25 and a 1 year high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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%. On average, sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

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.