PFG Investments LLC Purchases New Position in Crocs, Inc. (NASDAQ:CROX)

PFG Investments LLC acquired a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,215 shares of the textile maker's stock, valued at approximately $1,297,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after purchasing an additional 47,576 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after acquiring an additional 1,244,480 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Crocs by 49.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after acquiring an additional 429,994 shares during the last quarter. Geode Capital Management LLC raised its stake in Crocs by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after acquiring an additional 15,037 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Crocs by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock valued at $114,632,000 after acquiring an additional 89,647 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Piper Sandler cut their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus dropped their target price on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Barclays decreased their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Loop Capital lifted their target price on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Finally, Needham & Company LLC boosted their price objective on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.79.

Insiders Place Their Bets

In other Crocs news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the transaction, the director now owns 27,505 shares in the company, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Crocs Price Performance

Shares of NASDAQ CROX traded up $1.41 during mid-day trading on Thursday, reaching $100.05. 859,634 shares of the company were exchanged, compared to its average volume of 1,519,440. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $151.13. The company's 50 day moving average price is $103.29 and its 200 day moving average price is $103.61. The stock has a market capitalization of $5.61 billion, a PE ratio of 6.13, a PEG ratio of 2.47 and a beta of 1.41. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.75.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.51 by $0.49. The firm had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The company's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $3.02 EPS. Sell-side analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Crocs 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.