Crocs, Inc. (NASDAQ:CROX) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,064 shares of the textile maker's stock after selling 36,176 shares during the period. Guggenheim Capital LLC's holdings in Crocs were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CROX. UMB Bank n.a. boosted its holdings in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the last quarter. Allianz SE purchased a new position in Crocs during the 4th quarter valued at approximately $53,000. Wilmington Savings Fund Society FSB bought a new stake in Crocs in the 3rd quarter worth approximately $73,000. Jones Financial Companies Lllp raised its holdings in shares of Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after acquiring an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Crocs during the 4th quarter valued at approximately $96,000. Institutional investors own 93.44% of the company's stock.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares of the company's stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Crocs Stock Up 0.3 %

NASDAQ:CROX traded up $0.32 during trading hours on Wednesday, reaching $96.42. The company's stock had a trading volume of 1,642,970 shares, compared to its average volume of 1,473,794. The stock has a 50 day moving average price of $100.11 and a two-hundred day moving average price of $105.98. 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 company has a market capitalization of $5.40 billion, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Equities analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CROX. Bank of America upped their price target on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Piper Sandler reduced their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Loop Capital boosted their target price on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Finally, UBS Group upped their price target on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

Crocs 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.