Farther Finance Advisors LLC Raises Holdings in Crocs, Inc. (NASDAQ:CROX)

Farther Finance Advisors LLC boosted its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 517.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,719 shares of the textile maker's stock after acquiring an additional 3,117 shares during the quarter. Farther Finance Advisors LLC's holdings in Crocs were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CROX. Allianz SE bought a new position in shares of Crocs during the 4th quarter valued at about $53,000. Ameriflex Group Inc. bought a new position in Crocs during the fourth quarter valued at approximately $54,000. Parallel Advisors LLC grew its position in Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock valued at $67,000 after acquiring an additional 132 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Crocs by 43.6% during the first quarter. UMB Bank n.a. now owns 642 shares of the textile maker's stock worth $68,000 after acquiring an additional 195 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Crocs in the 1st quarter worth $69,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

CROX has been the subject of several recent research reports. Barclays lowered their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus reduced their price objective 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. Needham & Company LLC upped their price objective on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Piper Sandler cut their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen cut shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.79.

Insider Transactions at Crocs

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 value of $352,769.16. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company's stock.

Crocs Stock Down 1.2%

Shares of CROX traded down $1.24 on Friday, hitting $98.89. 699,958 shares of the stock traded hands, compared to its average volume of 1,520,486. The company has a market capitalization of $5.54 billion, a PE ratio of 6.06, a P/E/G ratio of 2.51 and a beta of 1.41. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. 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 has a 50 day simple moving average of $102.47 and a 200 day simple moving average of $104.03.

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, 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 the consensus estimate of $907.07 million. During the same period in the prior year, the company posted $3.02 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal 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.