Walter Public Investments Inc. Buys 3,736 Shares of Crocs, Inc. (NASDAQ:CROX)

Walter Public Investments Inc. increased its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,475 shares of the textile maker's stock after buying an additional 3,736 shares during the quarter. Walter Public Investments Inc. owned about 0.13% of Crocs worth $7,484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CROX. Jones Financial Companies Lllp increased its position in shares of 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 acquiring an additional 206 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Crocs by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker's stock valued at $78,360,000 after purchasing an additional 8,014 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Crocs by 34.9% during the 4th quarter. Victory Capital Management Inc. now owns 28,210 shares of the textile maker's stock valued at $3,090,000 after purchasing an additional 7,303 shares during the last quarter. Atria Investments Inc increased its holdings in Crocs by 70.4% during the 4th quarter. Atria Investments Inc now owns 3,386 shares of the textile maker's stock worth $371,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Crocs in the fourth quarter worth approximately $471,000. Institutional investors own 93.44% of the company's stock.

Crocs Stock Performance

NASDAQ CROX traded down $2.10 on Friday, hitting $103.75. 748,783 shares of the stock traded hands, compared to its average volume of 1,520,612. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. The business's fifty day moving average is $105.56 and its two-hundred day moving average is $103.20. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $151.13. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 2.20 and a beta of 1.38.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 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 firm had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. During the same quarter in the prior year, the firm earned $3.02 EPS. The business's revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the company'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 in the company, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CROX. Needham & Company LLC lifted their target price on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group assumed coverage on shares of Crocs in a report on Wednesday, July 2nd. They issued a "sell" rating and a $88.00 target price for the company. Stifel Nicolaus dropped their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Piper Sandler reduced their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.