Prudential Financial Inc. Sells 41,012 Shares of Crocs, Inc. (NASDAQ:CROX)

Prudential Financial Inc. lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 51.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,983 shares of the textile maker’s stock after selling 41,012 shares during the quarter. Prudential Financial Inc. owned approximately 0.07% of Crocs worth $4,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CROX. Clear Harbor Asset Management LLC grew its stake in shares of Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock valued at $341,000 after purchasing an additional 100 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after buying an additional 117 shares in the last quarter. Manchester Capital Management LLC boosted its position in Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock valued at $157,000 after buying an additional 129 shares during the last quarter. UMB Bank n.a. increased 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 valued at $49,000 after buying an additional 142 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake 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 valued at $81,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the business’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 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated 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 owns 29,299 shares of the company’s stock, valued at approximately $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.

Analysts Set New Price Targets

CROX has been the subject of a number of research reports. KeyCorp lowered their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Guggenheim lowered their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $144.53.

Crocs Stock Up 2.8 %

Shares of CROX stock opened at $109.14 on Wednesday. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average of $103.02 and a 200-day moving average of $112.52. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 1.80 and a beta of 1.84.

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

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.