4,901 Shares in Crocs, Inc. (NASDAQ:CROX) Acquired by Advisor Resource Council

Advisor Resource Council acquired a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,901 shares of the textile maker's stock, valued at approximately $520,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after purchasing an additional 47,576 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after purchasing an additional 1,244,480 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after purchasing an additional 429,994 shares during the period. Geode Capital Management LLC lifted its position in Crocs by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock worth $116,644,000 after purchasing an additional 15,037 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Crocs by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock worth $114,632,000 after purchasing an additional 89,647 shares during the period. 93.44% of the stock is owned by institutional investors.

Insider Transactions at Crocs

In other news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now directly owns 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.72% of the stock is currently owned by company insiders.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $98.52 on Monday. The company's fifty day moving average is $102.59 and its two-hundred day moving average is $103.84. 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, Inc. has a 12-month low of $86.11 and a 12-month high of $154.83. The company has a market cap of $5.52 billion, a P/E ratio of 6.04, a price-to-earnings-growth ratio of 2.47 and a beta of 1.41.

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 the consensus estimate of $2.51 by $0.49. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The company had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. During the same period in the previous year, the business earned $3.02 EPS. The company's revenue was down .1% on a year-over-year basis. Equities analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.

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