Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 35.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,744 shares of the textile maker's stock after buying an additional 5,448 shares during the quarter. Wells Fargo & Company MN's holdings in Crocs were worth $2,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in 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 acquiring an additional 47,576 shares during the period. Empowered Funds LLC increased its position in shares of Crocs by 42.0% during the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock worth $8,450,000 after purchasing an additional 22,809 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Crocs by 129.8% in the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock valued at $2,373,000 after buying an additional 12,245 shares during the period. Impax Asset Management Group plc purchased a new position in Crocs during the fourth quarter worth about $684,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of Crocs by 39.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock valued at $1,888,000 after acquiring an additional 4,862 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Performance

Shares of NASDAQ:CROX traded down $0.29 on Thursday, reaching $96.14. The company's stock had a trading volume of 135,413 shares, compared to its average volume of 1,471,432. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. The stock has a market capitalization of $5.39 billion, a P/E ratio of 5.99, a PEG ratio of 1.80 and a beta of 1.62. The stock's 50-day moving average is $99.89 and its two-hundred day moving average is $105.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

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%. As a group, sell-side analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Crocs

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CROX shares. StockNews.com cut shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Bank of America upped their price target on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Loop Capital raised their target price on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. UBS Group boosted their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus reduced their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.21.

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.