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

Man Group plc reduced its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 62.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,755 shares of the textile maker's stock after selling 197,248 shares during the period. Man Group plc owned 0.20% of Crocs worth $12,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after acquiring an additional 142 shares in the last quarter. Allianz SE bought a new stake in shares of Crocs during the 4th quarter worth approximately $53,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after buying an additional 549 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after buying an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Crocs in the fourth quarter valued at $96,000. 93.44% of the stock is owned by institutional investors.

Crocs Stock Performance

Shares of Crocs stock traded down $2.32 during trading on Friday, reaching $109.06. The company's stock had a trading volume of 639,842 shares, compared to its average volume of 1,502,190. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The business's 50-day moving average price is $102.54 and its 200-day moving average price is $103.99. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The firm has a market cap of $6.11 billion, a PE ratio of 6.80, a P/E/G ratio of 1.80 and a beta of 1.46.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share 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 business had revenue of $937.33 million during the quarter, compared to analysts' expectations of $907.07 million. During the same quarter in the previous year, the company earned $3.02 EPS. The business's revenue was down .1% on a year-over-year basis. Equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction on 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 sale, the director now directly owns 27,505 shares in the company, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CROX has been the topic of several analyst reports. Loop Capital upped their price target on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. KeyCorp cut their target price on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Barclays dropped their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Finally, Piper Sandler dropped their price target on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $139.79.

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.