D.A. Davidson & CO. boosted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 184.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,083 shares of the textile maker's stock after buying an additional 4,592 shares during the period. D.A. Davidson & CO.'s holdings in Crocs were worth $752,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CROX. Allianz SE purchased a new stake in shares of Crocs in the fourth quarter valued at approximately $53,000. Salem Investment Counselors Inc. purchased a new stake in shares of Crocs in the first quarter valued at approximately $53,000. Ameriflex Group Inc. purchased a new stake in shares of Crocs in the fourth quarter valued at approximately $54,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Crocs in the first quarter valued at approximately $58,000. Finally, Parallel Advisors LLC grew its position in shares of Crocs by 26.5% in the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock valued at $67,000 after purchasing an additional 132 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on CROX. Stifel Nicolaus dropped their price target on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Piper Sandler decreased their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Bank of America decreased their price objective on Crocs from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, June 30th. Needham & Company LLC upped their price objective on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Barclays decreased their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.13.
Read Our Latest Stock Report on Crocs
Insider Transactions at Crocs
In other Crocs news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the transaction, the director owned 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.
Crocs Stock Down 2.0%
NASDAQ CROX traded down $2.10 during trading on Friday, reaching $103.75. 748,783 shares of the company's stock were exchanged, compared to its average volume of 1,520,582. The stock has a market cap of $5.82 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38. 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 company has a 50 day moving average price of $105.56 and a two-hundred day moving average price of $103.14. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $151.13.
Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly 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 company had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. Crocs's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $3.02 EPS. On average, equities research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.
About Crocs
(
Free Report)
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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