Mitsubishi UFJ Trust & Banking Corp Has $2.04 Million Position in Crocs, Inc. (NASDAQ:CROX)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Crocs, Inc. (NASDAQ:CROX) by 27.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,597 shares of the textile maker’s stock after acquiring an additional 3,985 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Crocs were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CROX. UMB Bank n.a. increased its position in Crocs by 46.6% in 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Crocs in the 3rd quarter valued at approximately $73,000. Quarry LP acquired a new position in Crocs in the third quarter worth approximately $104,000. Jones Financial Companies Lllp raised its position in Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Crocs in the fourth quarter valued at approximately $96,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. UBS Group lifted their price objective on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. KeyCorp reduced their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Guggenheim lowered their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Robert W. Baird reduced their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Four equities 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.53.

Insider Transactions at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at $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 insiders.

Crocs Trading Up 0.2 %

Shares of CROX opened at $106.20 on Tuesday. The stock’s 50-day moving average price is $102.90 and its 200 day moving average price is $112.66. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 6.64, 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.

Crocs (NASDAQ:CROX) last issued its earnings results 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 return on equity of 46.27% and a net margin of 23.16%. As a group, research analysts predict 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.