Focus Partners Wealth Has $852,000 Stake in Crocs, Inc. (NASDAQ:CROX)

Focus Partners Wealth lifted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 72.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,774 shares of the textile maker's stock after acquiring an additional 3,278 shares during the period. Focus Partners Wealth's holdings in Crocs were worth $852,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after acquiring an additional 47,576 shares during the period. Empowered Funds LLC boosted its stake in Crocs by 42.0% during the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock valued at $8,450,000 after purchasing an additional 22,809 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Crocs by 129.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock valued at $2,373,000 after purchasing an additional 12,245 shares during the period. Impax Asset Management Group plc bought a new stake in shares of Crocs in the 4th quarter worth $684,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Crocs by 39.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock valued at $1,888,000 after buying an additional 4,862 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

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 completion of the sale, the director now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CROX shares. Piper Sandler dropped their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. UBS Group raised their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Needham & Company LLC increased their price objective on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird decreased their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Guggenheim reduced their target price on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Crocs currently has an average rating of "Moderate Buy" and a consensus price target of $139.79.

Crocs Stock Down 2.8%

Shares of CROX stock traded down $3.09 during trading on Friday, hitting $108.29. 1,608,274 shares of the company were exchanged, compared to its average volume of 1,506,750. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 1.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The business's 50-day simple moving average is $102.64 and its 200 day simple moving average is $104.01. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.51 by $0.49. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The business had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. During the same period in the previous year, the company posted $3.02 EPS. Crocs's revenue was down .1% on a year-over-year basis. As a group, analysts forecast that Crocs, Inc. will post 13.2 EPS 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.