Foster Victor Wealth Advisors LLC Acquires 5,325 Shares of Crocs, Inc. (NASDAQ:CROX)

Foster Victor Wealth Advisors LLC boosted its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 5.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,972 shares of the textile maker's stock after buying an additional 5,325 shares during the period. Foster Victor Wealth Advisors LLC owned 0.17% of Crocs worth $10,298,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CROX. Arrowstreet Capital Limited Partnership lifted its stake in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after acquiring an additional 1,244,480 shares during the period. Norges Bank bought a new stake in Crocs during the fourth quarter worth approximately $62,221,000. Altshuler Shaham Ltd lifted its position in Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after purchasing an additional 455,515 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Crocs by 49.0% in 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 purchasing an additional 429,994 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Crocs by 167.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker's stock valued at $53,730,000 after purchasing an additional 307,185 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction dated 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 $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.72% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Needham & Company LLC boosted their price objective on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus lowered their target price on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Loop Capital upped their price target on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Piper Sandler reduced their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, UBS Group lifted their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.79.

Crocs Trading Down 0.9%

NASDAQ CROX traded down $0.87 on Wednesday, hitting $100.13. 1,140,487 shares of the stock were exchanged, compared to its average volume of 1,522,197. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. 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 capitalization of $5.61 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 2.57 and a beta of 1.41. The company's 50-day moving average price is $102.37 and its two-hundred day moving average price is $104.12.

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