Mitsubishi UFJ Trust & Banking Corp Sells 8,841 Shares of Crocs, Inc. $CROX

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 36.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,589 shares of the textile maker’s stock after selling 8,841 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Crocs were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP grew its holdings in shares of Crocs by 120.7% during the 2nd quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock worth $45,000 after acquiring an additional 245 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Crocs in the 2nd quarter valued at approximately $48,000. Employees Retirement System of Texas bought a new stake in shares of Crocs during the second quarter valued at approximately $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Crocs in the second quarter worth $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Crocs by 159.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after purchasing an additional 459 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Crocs

In other Crocs news, Director John B. Replogle acquired 3,000 shares of Crocs stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average cost of $74.50 per share, for a total transaction of $223,500.00. Following the acquisition, the director owned 18,417 shares of the company’s stock, valued at $1,372,066.50. This represents a 19.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CROX has been the topic of a number of research reports. Wall Street Zen cut shares of Crocs from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. UBS Group reissued a “neutral” rating on shares of Crocs in a research note on Tuesday, January 6th. KeyCorp restated a “sector weight” rating on shares of Crocs in a report on Thursday, January 22nd. Stifel Nicolaus lifted their target price on shares of Crocs from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, October 31st. Finally, Zacks Research cut Crocs from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Crocs currently has an average rating of “Hold” and an average price target of $99.25.

Crocs Trading Up 1.7%

NASDAQ:CROX opened at $83.92 on Friday. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 27.34 and a beta of 1.54. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average price is $86.47 and its 200-day moving average price is $85.83. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $122.84.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, October 30th. The textile maker reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.56. Crocs had a net margin of 4.48% and a return on equity of 43.14%. The company had revenue of $996.30 million during the quarter, compared to analyst estimates of $960.14 million. During the same period in the previous year, the business earned $3.60 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities research analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

About Crocs

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.