Foster & Motley Inc. Has $549,000 Stock Position in Crocs, Inc. (NASDAQ:CROX)

Key Points

• Foster & Motley Inc. increased its stake in Crocs, Inc. by 97.7% during Q1, owning 5,170 shares valued at $549,000.
• Corporate insiders own 3.00% of Crocs stock, with Director Ian Bickley recently selling 3,044 shares for approximately $352,769.
• Wall Street analysts hold a consensus rating of "Moderate Buy" for Crocs, with a target price averaging $131.00.

Foster & Motley Inc. boosted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 97.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,170 shares of the textile maker's stock after buying an additional 2,555 shares during the period. Foster & Motley Inc.'s holdings in Crocs were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CROX. Banque Cantonale Vaudoise purchased a new position in Crocs in the first quarter worth about $168,000. HB Wealth Management LLC bought a new stake in shares of Crocs during the first quarter valued at approximately $202,000. Assetmark Inc. raised its stake in shares of Crocs by 5.6% during the first quarter. Assetmark Inc. now owns 5,925 shares of the textile maker's stock valued at $629,000 after acquiring an additional 314 shares in the last quarter. Cetera Investment Advisers raised its stake in Crocs by 7.8% in the first quarter. Cetera Investment Advisers now owns 21,299 shares of the textile maker's stock worth $2,262,000 after buying an additional 1,549 shares in the last quarter. Finally, Wedbush Securities Inc. raised its stake in Crocs by 5.5% in the first quarter. Wedbush Securities Inc. now owns 2,591 shares of the textile maker's stock worth $275,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Down 2.6%

Shares of CROX traded down $2.60 during midday trading on Friday, reaching $97.13. The stock had a trading volume of 1,803,901 shares, compared to its average volume of 1,053,719. The company's fifty day simple moving average is $103.28 and its two-hundred day simple moving average is $102.58. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $151.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 2.01 and a beta of 1.41.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.49. The business had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.02 earnings per share. Equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ian Bickley sold 3,044 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the completion of the sale, the director owned 27,505 shares of the company's stock, valued at $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CROX shares. Piper Sandler reduced their price target on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Barclays lowered their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. UBS Group reiterated a "neutral" rating and issued a $110.00 price objective (up previously from $105.00) on shares of Crocs in a research report on Monday, July 28th. Needham & Company LLC upped their price target on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Stifel Nicolaus cut their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.46.

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.