Crocs, Inc. (NASDAQ:CROX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,861 shares of the textile maker's stock after selling 21,889 shares during the period. Nuveen Asset Management LLC owned 0.37% of Crocs worth $23,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CROX. Vanguard Group Inc. lifted its holdings in shares of Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after buying an additional 47,576 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after purchasing an additional 577,467 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted 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 buying an additional 1,244,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position 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 buying an additional 429,994 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Crocs by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after buying an additional 15,037 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Needham & Company LLC upped their price objective on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Robert W. Baird dropped their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Stifel Nicolaus decreased their target price 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. Finally, Guggenheim dropped their price target on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

Crocs Stock Down 1.6%

Shares of CROX stock traded down $1.71 on Wednesday, hitting $108.24. The stock had a trading volume of 121,001 shares, compared to its average volume of 1,778,902. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The business has a 50 day moving average price of $102.76 and a 200 day moving average price of $104.12. The company has a market cap of $6.07 billion, a PE ratio of 6.77, a P/E/G ratio of 1.80 and a beta of 1.46. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The company had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Crocs's revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.02 earnings per share. Research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

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 transaction, the director now directly owns 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

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.