Amundi Lowers Holdings in Crocs, Inc. (NASDAQ:CROX)

Amundi decreased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 58.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,612 shares of the textile maker’s stock after selling 6,568 shares during the quarter. Amundi’s holdings in Crocs were worth $506,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its stake in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares during the last quarter. UMB Bank n.a. raised its stake in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after buying an additional 142 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Crocs during the third quarter valued at $73,000. Quarry LP purchased a new position in Crocs during the third quarter valued at $104,000. Finally, Jones Financial Companies Lllp raised its stake in 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. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Bank of America boosted their price target on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Wednesday, March 12th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Finally, KeyCorp decreased their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Crocs Stock Performance

NASDAQ:CROX opened at $105.48 on Friday. The stock has a 50-day simple moving average of $102.24 and a two-hundred day simple moving average of $114.13. Crocs, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32. 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 firm has a market capitalization of $5.91 billion, a PE ratio of 6.60, a P/E/G ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last released 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 return on equity of 46.27% and a net margin of 23.16%. Analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

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 stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of 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 position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by corporate insiders.

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.