Principal Financial Group Inc. Sells 3,787 Shares of Crocs, Inc. (NASDAQ:CROX)

Principal Financial Group Inc. lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,936 shares of the textile maker’s stock after selling 3,787 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Crocs worth $14,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CROX. Creative Planning raised its holdings in Crocs by 7.6% during the 3rd quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock valued at $780,000 after acquiring an additional 382 shares during the period. International Assets Investment Management LLC bought a new stake in Crocs during the 3rd quarter valued at $2,076,000. Wealth Enhancement Advisory Services LLC raised its holdings in Crocs by 69.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,224 shares of the textile maker’s stock valued at $1,191,000 after acquiring an additional 3,364 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Crocs by 477.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 11,246 shares of the textile maker’s stock valued at $1,614,000 after acquiring an additional 9,300 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Crocs by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,433 shares of the textile maker’s stock valued at $1,365,000 after acquiring an additional 330 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. 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 company’s stock in a transaction dated Friday, February 21st. The shares were 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 of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CROX. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Robert W. Baird decreased their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Guggenheim decreased 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 issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.53.

Crocs Stock Up 1.7 %

Shares of NASDAQ:CROX opened at $104.93 on Thursday. The firm has a fifty day moving average of $105.13 and a 200 day moving average of $118.17. 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, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32. The firm has a market capitalization of $5.88 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 1.80 and a beta of 1.93.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

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.