Principal Financial Group Inc. Sells 11,161 Shares of Crocs, Inc. (CROX)
Principal Financial Group Inc. lowered its position in shares of Crocs, Inc. (NASDAQ:CROX) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 552,339 shares of the textile maker’s stock after selling 11,161 shares during the period. Principal Financial Group Inc. owned 0.77% of Crocs worth $5,357,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in shares of Crocs during the second quarter worth about $100,000. BlueCrest Capital Management Ltd bought a new position in shares of Crocs during the second quarter worth about $110,000. State of Alaska Department of Revenue grew its position in Crocs by 79.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock valued at $112,000 after buying an additional 6,453 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Crocs by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock valued at $114,000 after buying an additional 1,586 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in Crocs in the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 91.97% of the company’s stock.
A number of equities analysts recently issued reports on CROX shares. Zacks Investment Research upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, August 14th. BidaskClub raised shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. ValuEngine downgraded shares of Crocs from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Pivotal Research initiated coverage on shares of Crocs in a report on Thursday, October 5th. They issued a “hold” rating and a $9.50 price target for the company. Finally, CL King downgraded shares of Crocs from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.75.
Shares of Crocs, Inc. (CROX) opened at $10.90 on Friday. Crocs, Inc. has a 52 week low of $5.93 and a 52 week high of $11.23.
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Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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