MetLife Investment Management LLC Has $4.52 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

MetLife Investment Management LLC lessened its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,181 shares of the textile maker’s stock after selling 1,258 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of Crocs worth $4,515,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CROX. Davis Investment Partners LLC increased its holdings in shares of Crocs by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock worth $1,362,000 after acquiring an additional 77 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Crocs by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 85 shares during the last quarter. Central Pacific Bank Trust Division raised its position in shares of Crocs by 8.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 100 shares during the period. 180 Wealth Advisors LLC lifted its stake in shares of Crocs by 1.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock worth $1,036,000 after buying an additional 111 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Crocs by 10.3% during the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after buying an additional 114 shares during the period. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CROX. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and dropped their price target for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. UBS Group decreased their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Finally, Monness Crespi & Hardt lowered their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average price target of $148.80.

Crocs Stock Performance

NASDAQ:CROX opened at $105.60 on Monday. Crocs, Inc. has a twelve month low of $85.71 and a twelve month high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $121.89 and its 200 day simple moving average is $134.50. The firm has a market capitalization of $6.15 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $3.25 EPS. On average, analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

About Crocs

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.