Allspring Global Investments Holdings LLC Buys 102,287 Shares of Crocs, Inc. (NASDAQ:CROX)

Allspring Global Investments Holdings LLC grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 9,649.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,347 shares of the textile maker's stock after acquiring an additional 102,287 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.17% of Crocs worth $9,654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP increased its position in Crocs by 245.8% during the 2nd quarter. Quarry LP now owns 249 shares of the textile maker's stock valued at $28,000 after purchasing an additional 177 shares during the period. Harbour Investments Inc. increased its position in Crocs by 440.0% during the 1st quarter. Harbour Investments Inc. now owns 270 shares of the textile maker's stock valued at $34,000 after purchasing an additional 220 shares during the period. Blue Trust Inc. grew its position in shares of Crocs by 185.0% during the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker's stock worth $32,000 after buying an additional 222 shares during the period. Atlas Capital Advisors LLC acquired a new stake in shares of Crocs during the 1st quarter worth approximately $44,000. Finally, Advisors Asset Management Inc. grew its position in shares of Crocs by 90.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the textile maker's stock worth $63,000 after buying an additional 339 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John B. Replogle bought 1,972 shares of Crocs stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the acquisition, the director now directly owns 3,153 shares of the company's stock, valued at $399,642.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director John B. Replogle bought 1,972 shares of Crocs stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the acquisition, the director now directly owns 3,153 shares of the company's stock, valued at $399,642.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the transaction, the director now directly owns 31,815 shares of the company's stock, valued at approximately $3,819,390.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,867 shares of company stock valued at $4,786,276. 2.69% of the stock is owned by insiders.

Crocs Stock Performance

Shares of NASDAQ CROX traded down $1.35 during mid-day trading on Wednesday, reaching $119.33. 987,787 shares of the company's stock were exchanged, compared to its average volume of 1,448,290. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.55 and a beta of 2.01. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $151.32. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. The firm has a 50-day moving average price of $126.50 and a two-hundred day moving average price of $105.74.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The company had revenue of $960.10 million for the quarter, compared to analysts' expectations of $958.39 million. During the same period in the previous year, the business posted $2.65 EPS. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts predict that Crocs, Inc. will post 12.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CROX. Piper Sandler raised their price objective on shares of Crocs from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. Williams Trading reiterated a "hold" rating and issued a $125.00 target price (down from $135.00) on shares of Crocs in a report on Tuesday. Raymond James increased their target price on Crocs from $120.00 to $145.00 and gave the stock a "strong-buy" rating in a report on Friday, February 16th. Bank of America increased their target price on Crocs from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Finally, Stifel Nicolaus raised their price objective on Crocs from $132.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.09.

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.