Handelsbanken Fonder AB Cuts Stake in Crocs, Inc. (NASDAQ:CROX)

Handelsbanken Fonder AB lowered its position in shares of Crocs, Inc. (NASDAQ:CROX) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,200 shares of the textile maker’s stock after selling 100 shares during the period. Handelsbanken Fonder AB’s holdings in Crocs were worth $1,774,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CROX. UMB Bank n.a. boosted its position in Crocs by 46.6% during 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. Avior Wealth Management LLC boosted its position in Crocs by 109.5% during the 3rd 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 period. Wilmington Savings Fund Society FSB purchased a new stake in Crocs during the 3rd quarter valued at $73,000. Quarry LP purchased a new stake in Crocs during the 3rd quarter valued at $104,000. Finally, Huntington National Bank raised its holdings in Crocs by 178.5% in the 3rd quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock worth $107,000 after purchasing an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Down 2.8 %

NASDAQ:CROX opened at $103.15 on Wednesday. The firm has a market cap of $5.78 billion, a P/E ratio of 6.45, 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. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The firm has a 50-day simple moving average of $105.16 and a two-hundred day simple moving average of $118.26.

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 analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CROX has been the subject of several research reports. Bank of America upped their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Monness Crespi & Hardt decreased their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, Robert W. Baird decreased their price objective 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. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm’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 completion of the sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were 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 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. 2.72% of the stock is owned by company insiders.

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.