Crocs, Inc. (NASDAQ:CROX) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in Crocs, Inc. (NASDAQ:CROX) by 36.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,010 shares of the textile maker’s stock after selling 1,706 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Crocs were worth $330,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after acquiring an additional 142 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 208 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Crocs during the third quarter worth about $73,000. Jones Financial Companies Lllp lifted 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 worth $81,000 after purchasing an additional 206 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Crocs during the fourth quarter worth about $96,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Down 0.8 %

Crocs stock opened at $104.59 on Friday. The stock has a market capitalization of $5.86 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The business has a 50 day simple moving average of $102.14 and a 200-day simple moving average of $113.84. 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 (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CROX has been the subject of a number of research reports. UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Barclays decreased their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, Bank of America lifted their price target on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of Crocs 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 sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This 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.

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.