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

Prudential Financial Inc. lessened its position in Crocs, Inc. (NASDAQ:CROX) by 51.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,983 shares of the textile maker’s stock after selling 41,012 shares during the period. Prudential Financial Inc.’s holdings in Crocs were worth $4,270,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CROX. Vanguard Group Inc. grew its holdings in Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after purchasing an additional 47,576 shares during the period. Empowered Funds LLC increased its holdings in shares of Crocs by 42.0% during the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock worth $8,450,000 after acquiring an additional 22,809 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Crocs by 129.8% in the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock valued at $2,373,000 after acquiring an additional 12,245 shares during the period. Motley Fool Wealth Management LLC acquired a new stake in Crocs during the 3rd quarter valued at $9,097,000. Finally, Cinctive Capital Management LP bought a new position in Crocs during the third quarter worth $4,123,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Crocs Stock Up 2.8 %

NASDAQ CROX opened at $109.14 on Wednesday. The business has a fifty day moving average price of $103.02 and a two-hundred day moving average price of $112.52. The stock has a market capitalization of $6.12 billion, a PE ratio of 6.83, a PEG ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. 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 released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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%. Equities analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. KeyCorp cut their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Loop Capital upped their target price on Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday. Guggenheim reduced their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group upped their price objective on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.53.

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.