Cetera Investment Advisers Grows Holdings in Crocs, Inc. (NASDAQ:CROX)

Cetera Investment Advisers raised its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 53.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,750 shares of the textile maker's stock after buying an additional 6,908 shares during the quarter. Cetera Investment Advisers' holdings in Crocs were worth $2,163,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CROX. Vanguard Group Inc. boosted its position in shares of Crocs by 0.9% during the 4th 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 in the last quarter. Pacer Advisors Inc. boosted its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after purchasing an additional 577,467 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after buying an additional 1,244,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of 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 buying an additional 429,994 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Crocs by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock worth $116,644,000 after buying an additional 15,037 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Trading Down 2.8%

CROX traded down $3.09 on Friday, reaching $108.29. 1,608,274 shares of the company's stock were exchanged, compared to its average volume of 1,506,750. The company's 50 day moving average is $102.64 and its 200-day moving average is $104.01. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The firm had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The company's revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.02 EPS. Equities analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 27,505 shares of the company's stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CROX has been the topic of several recent research reports. Piper Sandler decreased their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Barclays decreased their price objective on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. UBS Group boosted their target price on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Loop Capital boosted their target price on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus cut their target price on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Three 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, Crocs presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

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.