Allianz SE Invests $53,000 in Crocs, Inc. (NASDAQ:CROX)

Allianz SE acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, Holdings Channel.com reports. The fund acquired 480 shares of the textile maker’s stock, valued at approximately $53,000.

Several other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings 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 worth $223,126,000 after acquiring an additional 577,467 shares in the last quarter. Norges Bank acquired a new position in Crocs in the fourth quarter worth $62,221,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Crocs during the third quarter worth $17,122,000. Motley Fool Wealth Management LLC acquired a new stake in shares of Crocs in the third quarter valued at $9,097,000. Finally, Contrarius Group Holdings Ltd bought a new position in shares of Crocs in the fourth quarter valued at about $6,259,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Transactions at Crocs

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

Analyst Upgrades and Downgrades

CROX has been the subject of several research reports. Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, March 12th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $129.00 target price on shares of Crocs in a research report on Thursday, February 13th. Finally, Barclays decreased their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Crocs Stock Up 0.2 %

Shares of NASDAQ:CROX opened at $106.20 on Tuesday. The company has a 50 day moving average price of $102.90 and a two-hundred day moving average price of $112.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a market capitalization of $5.95 billion, a PE ratio of 6.64, a PEG ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating 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%. Analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.