Cambridge Investment Research Advisors Inc. Purchases 13,332 Shares of Crocs, Inc. (NASDAQ:CROX)

Cambridge Investment Research Advisors Inc. increased its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 246.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,747 shares of the textile maker's stock after buying an additional 13,332 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Crocs were worth $1,991,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CROX. Allianz SE acquired a new stake in Crocs in the 4th quarter worth about $53,000. Salem Investment Counselors Inc. acquired a new stake in Crocs in the 1st quarter worth about $53,000. Ameriflex Group Inc. acquired a new stake in Crocs in the 4th quarter worth about $54,000. Compagnie Lombard Odier SCmA acquired a new stake in Crocs in the 1st quarter worth about $58,000. Finally, Parallel Advisors LLC raised its stake in Crocs by 26.5% in 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 in the last quarter. Institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In other Crocs news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director directly owned 27,505 shares of the company's stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by insiders.

Crocs Price Performance

CROX stock traded up $0.76 during trading on Friday, reaching $107.50. 560,190 shares of the company were exchanged, compared to its average volume of 1,524,484. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $151.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 2.23 and a beta of 1.38. The company has a 50-day moving average of $104.64 and a two-hundred day moving average of $103.33.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The firm had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same period in the previous year, the firm posted $3.02 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CROX shares. Stifel Nicolaus dropped their target price on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Bank of America dropped their target price on shares of Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, June 30th. The Goldman Sachs Group started coverage on shares of Crocs in a research report on Wednesday. They issued a "sell" rating and a $88.00 target price for the company. Needham & Company LLC boosted their target price on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays dropped their target price on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $135.13.

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.