Foster Victor Wealth Advisors LLC boosted its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,972 shares of the textile maker's stock after purchasing an additional 5,325 shares during the quarter. Foster Victor Wealth Advisors LLC owned about 0.17% of Crocs worth $10,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Allianz SE purchased a new position in shares of Crocs during the fourth quarter worth approximately $53,000. Salem Investment Counselors Inc. purchased a new position in shares of Crocs during the first quarter worth approximately $53,000. Ameriflex Group Inc. purchased a new position in shares of Crocs during the fourth quarter worth approximately $54,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Crocs during the first quarter worth approximately $58,000. Finally, Parallel Advisors LLC raised its stake in shares of Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after acquiring an additional 132 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction 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 sale, the director now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on CROX. Piper Sandler decreased their price target 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. Wall Street Zen downgraded shares of Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Needham & Company LLC lifted their price target on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. 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. Finally, Stifel Nicolaus cut their target price on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Crocs has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.
Read Our Latest Analysis on Crocs
Crocs Stock Performance
NASDAQ:CROX opened at $97.49 on Friday. The stock has a market cap of $5.47 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The firm's fifty day simple moving average is $102.08 and its 200 day simple moving average is $104.18. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.
Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly 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 analysts' expectations of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.02 earnings per share. As a group, research analysts predict that Crocs, Inc. will post 13.2 EPS for the current 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.
Further Reading
Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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