Allspring Global Investments Holdings LLC Has $23.46 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Allspring Global Investments Holdings LLC raised its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 670.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 214,948 shares of the textile maker's stock after acquiring an additional 187,051 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.38% of Crocs worth $23,459,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after acquiring an additional 1,244,480 shares in the last quarter. Norges Bank acquired a new stake in shares of Crocs during the fourth quarter valued at about $62,221,000. Altshuler Shaham Ltd increased its position in shares of Crocs by 30,778.0% during the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after acquiring an additional 455,515 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after acquiring an additional 429,994 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Crocs by 167.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker's stock valued at $53,730,000 after purchasing an additional 307,185 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Stock Performance

CROX stock traded up $1.22 on Thursday, reaching $107.96. 167,057 shares of the company were exchanged, compared to its average volume of 1,697,358. The stock's fifty day moving average price is $104.26 and its 200 day moving average price is $103.39. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $151.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97. The firm has a market capitalization of $6.05 billion, a PE ratio of 6.60, a PEG ratio of 2.22 and a beta of 1.38.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The company had revenue of $937.33 million during the quarter, compared to analysts' expectations of $907.07 million. During the same quarter in the prior year, the company posted $3.02 EPS. The business's revenue was down .1% on a year-over-year basis. On average, research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director directly owned 27,505 shares in the company, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CROX. Stifel Nicolaus reduced their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Piper Sandler reduced their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Needham & Company LLC upped their price target on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America decreased their price objective on Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday. Finally, The Goldman Sachs Group started coverage on Crocs in a report on Wednesday. They set a "sell" rating and a $88.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.13.

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.