Nuveen Asset Management LLC Reduces Stock Position in Crocs, Inc. (NASDAQ:CROX)

Nuveen Asset Management LLC decreased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 9.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 215,861 shares of the textile maker’s stock after selling 21,889 shares during the period. Nuveen Asset Management LLC owned 0.37% of Crocs worth $23,643,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CROX. UMB Bank n.a. lifted its holdings in Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Crocs by 34.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after purchasing an additional 46,890 shares in the last quarter. SG Americas Securities LLC lifted its stake in Crocs by 605.8% in the 4th quarter. SG Americas Securities LLC now owns 6,910 shares of the textile maker’s stock worth $757,000 after purchasing an additional 5,931 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Crocs by 7.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,705 shares of the textile maker’s stock worth $2,487,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Crocs by 81.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 26,222 shares of the textile maker’s stock worth $2,872,000 after purchasing an additional 11,734 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ:CROX opened at $111.38 on Friday. The business has a 50 day moving average of $102.54 and a 200 day moving average of $103.99. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.49. The company had revenue of $937.33 million for the quarter, compared to analysts’ expectations of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $3.02 EPS. On average, sell-side analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America increased their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC increased their target price on shares of Crocs from $118.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Wall Street Zen cut Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Barclays lowered their price target on Crocs from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Finally, Loop Capital raised their price target on Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.79.

Insider Buying and Selling

In other Crocs news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now directly owns 27,505 shares of the company’s stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by corporate 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.