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

Focus Partners Wealth grew its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 72.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock valued at $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Pacer Advisors Inc. boosted its position in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after buying an additional 577,467 shares during the last quarter. Norges Bank acquired a new stake in shares of Crocs in the 4th quarter valued at $62,221,000. Altshuler Shaham Ltd raised its position in shares of Crocs by 30,778.0% during the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after acquiring an additional 455,515 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Crocs by 49.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after acquiring an additional 429,994 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of research reports. Loop Capital lifted their price objective on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Robert W. Baird reduced their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Wall Street Zen cut shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Needham & Company LLC increased their price objective on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Guggenheim reduced their price objective on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

Crocs Trading Down 1.3%

CROX traded down $1.44 during mid-day trading on Thursday, hitting $111.38. The stock had a trading volume of 1,247,319 shares, compared to its average volume of 1,502,486. The stock's fifty day simple moving average is $102.39 and its 200-day simple moving average is $103.95. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data 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 46.27% and a net margin of 23.16%. The business had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. During the same quarter last year, the business posted $3.02 EPS. The firm's revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ian Bickley sold 3,044 shares of Crocs 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 completion of the transaction, the director now directly owns 27,505 shares in the company, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.