Principal Securities Inc. Acquires 230 Shares of Crocs, Inc. (NASDAQ:CROX)

Principal Securities Inc. lifted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,136 shares of the textile maker’s stock after acquiring an additional 230 shares during the period. Principal Securities Inc.’s holdings in Crocs were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Financial Management Professionals Inc. boosted its stake in shares of Crocs by 11,200.0% during the 3rd 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 last quarter. UMB Bank n.a. grew its stake in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after buying an additional 142 shares in the last quarter. Avior Wealth Management LLC increased 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 worth $58,000 after acquiring an additional 208 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Crocs during the third quarter worth $73,000. Finally, Quarry LP purchased a new position in Crocs during the third quarter worth $104,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Price Performance

NASDAQ:CROX opened at $107.60 on Friday. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The stock has a market cap of $6.03 billion, a PE ratio of 6.73, a P/E/G ratio of 1.80 and a beta of 1.93. 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 stock has a 50 day moving average price of $105.39 and a 200 day moving average price of $118.70.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results 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 return on equity of 46.27% and a net margin of 23.16%. Equities research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in 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. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. UBS Group increased their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Robert W. Baird lowered 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. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.53.

Insider Transactions at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on 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 directly owns 89,323 shares in the company, 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 link. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction 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 owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

About Crocs

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.