DekaBank Deutsche Girozentrale Decreases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

DekaBank Deutsche Girozentrale cut its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 82.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,946 shares of the textile maker's stock after selling 9,300 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Crocs were worth $200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CROX. Stratos Wealth Advisors LLC lifted its stake in Crocs by 31.0% in the 1st quarter. Stratos Wealth Advisors LLC now owns 17,410 shares of the textile maker's stock worth $1,849,000 after purchasing an additional 4,118 shares in the last quarter. Walter Public Investments Inc. lifted its stake in Crocs by 5.6% in the 1st quarter. Walter Public Investments Inc. now owns 70,475 shares of the textile maker's stock worth $7,484,000 after purchasing an additional 3,736 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Crocs by 1.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 46,779 shares of the textile maker's stock worth $4,968,000 after purchasing an additional 860 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Crocs by 31.3% during the 1st quarter. TD Private Client Wealth LLC now owns 2,380 shares of the textile maker's stock worth $253,000 after buying an additional 568 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Crocs by 8.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 214,671 shares of the textile maker's stock worth $22,798,000 after buying an additional 16,138 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CROX. Needham & Company LLC raised their price target on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Loop Capital raised their price target on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. The Goldman Sachs Group began coverage on shares of Crocs in a report on Wednesday, July 2nd. They set a "sell" rating and a $88.00 price target for the company. Piper Sandler dropped their target price 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. Finally, Barclays dropped their target price on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.13.

Insider Activity

In other news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the sale, the director directly owned 27,505 shares of the company's stock, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company's stock.

Crocs Stock Up 3.5%

Shares of NASDAQ:CROX traded up $3.48 during trading on Wednesday, hitting $103.20. The company's stock had a trading volume of 1,122,424 shares, compared to its average volume of 1,517,142. The business has a 50 day moving average price of $105.65 and a two-hundred day moving average price of $102.98. The company has a market capitalization of $5.79 billion, a PE ratio of 6.32, a P/E/G ratio of 2.07 and a beta of 1.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.51 by $0.49. The business had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.02 earnings per share. As a group, research analysts expect that Crocs, Inc. will post 13.2 EPS 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.