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

Principal Financial Group Inc. cut its holdings in Crocs, Inc. (NASDAQ:CROX) by 31.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,723 shares of the textile maker’s stock after selling 64,467 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Crocs worth $19,944,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. GHP Investment Advisors Inc. raised its position in shares of Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 180 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after buying an additional 142 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Crocs by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling

In other news, Director John B. Replogle acquired 2,240 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CROX shares. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. KeyCorp dropped their target price on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Barclays reduced their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Finally, Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and cut their price objective for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.14.

Crocs Stock Down 3.0 %

Shares of CROX opened at $98.96 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.77 billion, a P/E ratio of 7.18, a PEG ratio of 1.03 and a beta of 2.01. The stock’s 50 day moving average is $129.17 and its two-hundred day moving average is $137.07. Crocs, Inc. has a 12 month low of $79.44 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.25 EPS. Analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Crocs Company 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.