Crocs, Inc. (NASDAQ:CROX) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in shares of Crocs, Inc. (NASDAQ:CROXFree Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,543 shares of the textile maker’s stock after selling 214 shares during the period. Franklin Resources Inc.’s holdings in Crocs were worth $985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC increased its holdings in shares of Crocs by 60.0% during the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Blue Trust Inc. increased its holdings in Crocs by 185.0% in the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 222 shares in the last quarter. Quest Partners LLC acquired a new stake in Crocs in the 4th quarter valued at $53,000. Harvest Fund Management Co. Ltd acquired a new stake in Crocs in the 4th quarter valued at $56,000. Finally, Manchester Capital Management LLC increased its holdings in Crocs by 1,673.5% in the 4th quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 569 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Thomas J. Smach sold 10,174 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the sale, the director now owns 115,339 shares in the company, valued at $16,184,368.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Crocs news, Director John B. Replogle acquired 1,972 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the purchase, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Smach sold 10,174 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the sale, the director now owns 115,339 shares in the company, valued at approximately $16,184,368.48. The disclosure for this sale can be found here. Insiders have sold a total of 18,102 shares of company stock worth $2,493,172 over the last quarter. 2.72% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. OTR Global upgraded Crocs from a “mixed” rating to a “positive” rating in a report on Thursday, April 11th. Williams Trading reiterated a “hold” rating and issued a $125.00 price target (down from $135.00) on shares of Crocs in a report on Tuesday, April 16th. Stifel Nicolaus increased their price target on Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Wedbush upped their price objective on shares of Crocs from $156.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Finally, Raymond James upped their price objective on shares of Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.75.

Check Out Our Latest Analysis on CROX

Crocs Stock Performance

Shares of CROX stock opened at $148.41 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76. Crocs, Inc. has a one year low of $74.00 and a one year high of $158.11. The company’s 50-day simple moving average is $136.46 and its 200-day simple moving average is $118.82. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.68 and a beta of 1.97.

Crocs (NASDAQ:CROXGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, topping the consensus estimate of $2.25 by $0.77. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.61 earnings per share. Equities analysts anticipate that Crocs, Inc. will post 12.66 earnings per share for the current fiscal year.

Crocs Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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