Principal Financial Group Inc. reduces its holdings by selling 3,787 shares of Crocs, Inc. (NASDAQ:CROX).

February 27, 2025 07:29 PM AEDT | By Team Kalkine Media

Principal Financial Group Inc. reduces its holdings by selling 3,787 shares of Crocs, Inc. (NASDAQ:CROX). — Image source: Shutterstock

Insider Transactions

Notable insider transactions have taken place, with Executive Vice Presidents Adam Michaels and Shannon Sisler selling significant shares. Michaels sold 15,000 shares, decreasing his ownership by 14.38%. Meanwhile, Sisler sold 4,659 shares, resulting in a 13.72% reduction of her stake. These transactions have been fully disclosed in filings available with the U.S. Securities and Exchange Commission.

Analyst Perspectives

Wall Street analysts have provided varied perspectives on Crocs, with a blend of "buy" and "hold" ratings. Firms like Needham & Company LLC reiterated a "buy" rating with a $129.00 price target. However, some analysts, such as those from Robert W. Baird, have adjusted their targets downward, reflecting a cautious outlook amid broader market conditions. Overall, the stock holds a consensus rating of "Moderate Buy" with a price target of $143.53.

Market Performance

Shares of Crocs (NASDAQ:CROX) opened at $104.93 recently, showing a slight increase of 1.7%. The company has exhibited some volatility, with a 52-week range between $88.25 and $165.32. Despite challenges, Crocs has managed a robust market capitalization of $5.88 billion and reports a favorable net margin and return on equity of 23.16% and 46.27%, respectively.

Crocs, Inc. is a prominent player in the casual lifestyle footwear sector. It designs and markets a diverse collection of products under its Crocs and HEYDUDE brands, appealing to a broad audience of men, women, and children. The company's product range includes everything from clogs to sneakers, emphasizing both style and comfort.

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