CENTRAL TRUST Co Reduces Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

CENTRAL TRUST Co cut its holdings in Crocs, Inc. (NASDAQ:CROX) by 36.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 417 shares of the textile maker’s stock after selling 236 shares during the quarter. CENTRAL TRUST Co’s holdings in Crocs were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CROX. Pacer Advisors Inc. raised its position in shares of Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the last quarter. FMR LLC increased its stake in Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Crocs in the third quarter worth $17,122,000. Motley Fool Wealth Management LLC acquired a new stake in shares of Crocs during the third quarter worth $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Crocs by 34.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after buying an additional 46,890 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CROX. Barclays reduced their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Robert W. Baird reduced their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC started coverage on Crocs in a research report on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price on the stock. Monness Crespi & Hardt reduced their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and dropped their price objective for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.47.

Crocs Price Performance

NASDAQ:CROX opened at $97.00 on Thursday. The stock has a market capitalization of $5.65 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.78 and a beta of 1.93. Crocs, Inc. has a 52 week low of $94.50 and a 52 week high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The stock’s 50-day moving average price is $107.51 and its 200-day moving average price is $121.02.

Insiders Place Their Bets

In related news, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of $99.70 per share, with a total value of $99,700.00. Following the purchase, the chief financial officer now owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is currently owned by company 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.