Man Group plc Has $12.90 Million Position in Crocs, Inc. (NASDAQ:CROX)

Man Group plc lowered its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 62.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 117,755 shares of the textile maker's stock after selling 197,248 shares during the quarter. Man Group plc owned about 0.20% of Crocs worth $12,898,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clear Harbor Asset Management LLC lifted its stake in Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock worth $341,000 after purchasing an additional 100 shares during the last quarter. Valmark Advisers Inc. increased its stake in Crocs by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after buying an additional 117 shares during the period. Manchester Capital Management LLC grew its position in Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after acquiring an additional 129 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after buying an additional 142 shares during the last quarter. Finally, Riverwater Partners LLC grew its position in Crocs by 0.9% in the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock worth $2,188,000 after purchasing an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

CROX has been the topic of a number of recent research reports. Barclays decreased their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Loop Capital boosted their price target on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Piper Sandler cut their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus reduced their price target on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, KeyCorp lowered their target price on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Crocs has an average rating of "Moderate Buy" and an average price target of $139.79.

Insiders Place Their Bets

In related news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the transaction, the director now owns 27,505 shares in the company, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Crocs Trading Down 1.6%

Shares of Crocs stock traded down $1.82 during trading hours on Tuesday, hitting $112.91. The company's stock had a trading volume of 1,635,333 shares, compared to its average volume of 1,501,727. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The firm has a fifty day moving average of $102.11 and a 200-day moving average of $103.89.

Crocs (NASDAQ:CROX - Get Free Report) last announced 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. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The firm had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same period last year, the business earned $3.02 EPS. Crocs's revenue for the quarter was down .1% compared to the same quarter last year. Research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current 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.