Crocs, Inc. (NASDAQ:CROX) Holdings Decreased by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 6.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,487 shares of the textile maker’s stock after selling 3,113 shares during the period. Franklin Resources Inc.’s holdings in Crocs were worth $4,763,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after acquiring an additional 47,576 shares during the period. Pacer Advisors Inc. increased its position in shares of Crocs by 39.6% during 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 period. Arrowstreet Capital Limited Partnership raised its stake in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after buying an additional 1,244,480 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Crocs by 38.9% in the fourth quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker’s stock valued at $105,890,000 after buying an additional 270,598 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Crocs by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker’s stock valued at $78,360,000 after buying an additional 8,014 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

NASDAQ CROX opened at $95.50 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a 50 day simple moving average of $102.01 and a 200-day simple moving average of $110.25. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CROX shares. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.93.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. The trade was 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 through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

About Crocs

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.