Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Walter Public Investments Inc.

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

A number of other hedge funds have also bought and sold shares of CROX. Crossmark Global Holdings Inc. boosted its stake in Crocs by 1.9% in the first quarter. Crossmark Global Holdings Inc. now owns 46,779 shares of the textile maker's stock valued at $4,968,000 after acquiring an additional 860 shares during the period. TD Private Client Wealth LLC boosted its stake in Crocs by 31.3% in the first quarter. TD Private Client Wealth LLC now owns 2,380 shares of the textile maker's stock valued at $253,000 after acquiring an additional 568 shares during the period. Envestnet Asset Management Inc. boosted its stake in Crocs by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 214,671 shares of the textile maker's stock valued at $22,798,000 after acquiring an additional 16,138 shares during the period. World Investment Advisors acquired a new position in Crocs in the first quarter valued at approximately $299,000. Finally, D.A. Davidson & CO. boosted its stake in Crocs by 184.3% in the first quarter. D.A. Davidson & CO. now owns 7,083 shares of the textile maker's stock valued at $752,000 after acquiring an additional 4,592 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director owned 27,505 shares of the company's stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CROX has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Barclays decreased their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Piper Sandler decreased their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Bank of America decreased their target price on Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Finally, The Goldman Sachs Group initiated coverage on Crocs in a research note on Wednesday, July 2nd. They issued a "sell" rating and a $88.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Crocs currently has an average rating of "Moderate Buy" and an average price target of $135.13.

Crocs Stock Performance

CROX opened at $106.35 on Tuesday. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $151.13. The stock has a market cap of $5.96 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 2.23 and a beta of 1.38. The business's 50 day moving average is $104.84 and its 200-day moving average is $103.28. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate 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 previous year, the company earned $3.02 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. On average, analysts predict that Crocs, Inc. will post 13.2 earnings per share 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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