Crocs, Inc. (NASDAQ:CROX) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 36.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,010 shares of the textile maker’s stock after selling 1,706 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Crocs were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CROX. UMB Bank n.a. boosted its stake in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after buying an additional 142 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crocs during the third quarter worth $73,000. Jones Financial Companies Lllp boosted its stake in Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after buying an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Crocs during the fourth quarter worth $96,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

CROX stock opened at $104.59 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $5.86 billion, a PE ratio of 6.54, a P/E/G ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32. The business’s fifty day moving average price is $102.14 and its 200 day moving average price is $113.84.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, sell-side analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

CROX has been the topic of several recent analyst reports. Robert W. Baird decreased their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Barclays decreased their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Wednesday, March 12th. Finally, KeyCorp decreased their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.53.

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.