World Investment Advisors Purchases New Stake in Crocs, Inc. (NASDAQ:CROX)

World Investment Advisors acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,811 shares of the textile maker's stock, valued at approximately $299,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allianz SE acquired a new position in shares of Crocs during the 4th quarter valued at about $53,000. Salem Investment Counselors Inc. purchased a new stake in shares of Crocs during the 1st quarter worth about $53,000. Ameriflex Group Inc. purchased a new stake in shares of Crocs during the 4th quarter worth about $54,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Crocs during the 1st quarter worth about $58,000. Finally, Parallel Advisors LLC grew its holdings in shares of Crocs by 26.5% during the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Stock Down 2.0%

Shares of CROX traded down $2.10 during trading on Friday, reaching $103.75. The company's stock had a trading volume of 748,783 shares, compared to its average volume of 1,520,582. The company has a fifty day moving average of $105.56 and a two-hundred day moving average of $103.14. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $151.13. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 6.36, a P/E/G ratio of 2.16 and a beta of 1.38. 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 earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The company had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same period in the prior year, the company posted $3.02 EPS. Crocs's quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CROX. Needham & Company LLC boosted their target price on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Bank of America decreased their target price on Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, June 30th. Stifel Nicolaus decreased their target price on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Piper Sandler decreased their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Barclays decreased their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $135.13.

Insider Activity

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director directly owned 27,505 shares of the company's stock, valued at $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Crocs Company 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.