Crocs, Inc. (NASDAQ:CROX) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC grew its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 49.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,550 shares of the textile maker's stock after purchasing an additional 4,170 shares during the period. 180 Wealth Advisors LLC's holdings in Crocs were worth $1,333,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allianz SE bought a new position in Crocs in the fourth quarter worth $53,000. Ameriflex Group Inc. bought a new position in shares of Crocs during the fourth quarter valued at $54,000. Parallel Advisors LLC lifted its holdings in shares of Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock valued at $67,000 after acquiring an additional 132 shares during the period. TD Waterhouse Canada Inc. raised its position in Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after purchasing an additional 549 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CROX. Barclays cut their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Stifel Nicolaus lowered their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. UBS Group lifted their price objective on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Robert W. Baird decreased their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Finally, Wall Street Zen cut Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

Crocs Stock Up 0.7%

Shares of CROX traded up $0.75 during trading hours on Tuesday, hitting $102.17. The company had a trading volume of 980,745 shares, compared to its average volume of 1,511,046. The company has a market capitalization of $5.73 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The company's fifty day moving average price is $102.27 and its two-hundred day moving average price is $104.23.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The company had revenue of $937.33 million during the quarter, compared to analysts' expectations of $907.07 million. During the same period last year, the business posted $3.02 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. As a group, equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total value 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. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.00% 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.