Cetera Investment Advisers Has $2.16 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Cetera Investment Advisers boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,750 shares of the textile maker's stock after purchasing an additional 6,908 shares during the period. Cetera Investment Advisers' holdings in Crocs were worth $2,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after purchasing an additional 142 shares during the period. Allianz SE bought a new position in Crocs during the fourth quarter worth about $53,000. TD Waterhouse Canada Inc. lifted its stake in Crocs by 425.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock worth $74,000 after purchasing an additional 549 shares during the period. Jones Financial Companies Lllp lifted its stake in Crocs by 38.3% during 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 during the period. Finally, Whipplewood Advisors LLC bought a new position in Crocs during the fourth quarter worth about $96,000. Institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Needham & Company LLC raised their price target on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. KeyCorp dropped their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. UBS Group raised their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Barclays dropped their price objective on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Finally, Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

Insiders Place Their Bets

In related news, Director Ian Bickley sold 3,044 shares of the business'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 sale, the director now directly owns 27,505 shares of the company's stock, valued at approximately $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 hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,703 shares of company stock valued at $2,464,444. Company insiders own 2.72% of the company's stock.

Crocs Stock Performance

CROX stock opened at $117.55 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company has a 50 day moving average price of $101.60 and a 200 day moving average price of $103.77. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. The stock has a market capitalization of $6.59 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46.

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

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.

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