Motley Fool Asset Management LLC Raises Position in Crocs, Inc. (NASDAQ:CROX)

Key Points

• Motley Fool Asset Management LLC significantly increased its stake in Crocs, Inc. by 537.4% during the 1st quarter, owning approximately 90,436 shares worth $9.6 million.
• Several institutional investors, including Fuller & Thaler and LSV Asset Management, have also raised their positions in Crocs, contributing to a total of 93.44% institutional ownership of the company's stock.
• Wall Street analysts have lowered their target prices for Crocs shares, with the consensus price target now at $109.31 and a majority rating it as a "Moderate Buy."

Motley Fool Asset Management LLC raised its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 537.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,436 shares of the textile maker's stock after acquiring an additional 76,247 shares during the quarter. Motley Fool Asset Management LLC owned approximately 0.16% of Crocs worth $9,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Crocs by 49.0% during the 4th 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. Dimensional Fund Advisors LP raised its position in shares of Crocs by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock valued at $114,632,000 after purchasing an additional 89,647 shares during the period. LSV Asset Management raised its position in shares of Crocs by 180.9% during the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock valued at $93,484,000 after purchasing an additional 566,847 shares during the period. Evercore Wealth Management LLC raised its position in shares of Crocs by 9.0% during the 4th quarter. Evercore Wealth Management LLC now owns 739,109 shares of the textile maker's stock valued at $80,955,000 after purchasing an additional 60,730 shares during the period. Finally, Northern Trust Corp raised its position in shares of Crocs by 34.0% during the 4th quarter. Northern Trust Corp now owns 603,734 shares of the textile maker's stock valued at $66,127,000 after purchasing an additional 153,215 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CROX shares. Needham & Company LLC cut their target price on shares of Crocs from $129.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday. Bank of America cut their target price on shares of Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research note on Friday. UBS Group set a $90.00 target price on shares of Crocs in a research note on Sunday. Barclays reaffirmed an "equal weight" rating and set a $81.00 target price (down from $119.00) on shares of Crocs in a research note on Friday. Finally, KeyCorp reaffirmed an "overweight" rating and set a $95.00 target price (down from $120.00) on shares of Crocs in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Crocs presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.31.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $75.24 on Monday. Crocs, Inc. has a 52 week low of $73.76 and a 52 week high of $151.13. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $101.82 and a two-hundred day simple moving average of $102.20. The stock has a market capitalization of $4.11 billion, a P/E ratio of 20.17, a PEG ratio of 1.56 and a beta of 1.41.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, topping analysts' consensus estimates of $4.01 by $0.22. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the company earned $4.01 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Crocs 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.

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