Stratos Wealth Advisors LLC Raises Stake in Crocs, Inc. (NASDAQ:CROX)

Stratos Wealth Advisors LLC increased its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 31.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,410 shares of the textile maker's stock after purchasing an additional 4,118 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Crocs were worth $1,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CROX. Allianz SE acquired a new position in Crocs in the fourth quarter valued at approximately $53,000. Salem Investment Counselors Inc. acquired a new position in Crocs in the first quarter valued at approximately $53,000. Ameriflex Group Inc. acquired a new position in Crocs in the fourth quarter valued at approximately $54,000. Compagnie Lombard Odier SCmA acquired a new position in Crocs in the first quarter valued at approximately $58,000. Finally, Parallel Advisors LLC lifted its holdings in Crocs by 26.5% in the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock valued at $67,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Price Performance

Shares of CROX traded down $1.78 during trading hours on Wednesday, hitting $104.75. 969,579 shares of the stock were exchanged, compared to its average volume of 1,521,742. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $151.13. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.38. The stock's 50-day moving average price is $105.05 and its two-hundred day moving average price is $103.30.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results 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 43.07% and a net margin of 23.35%. The firm had revenue of $937.33 million during the quarter, compared to analysts' expectations of $907.07 million. During the same period in the previous year, the business earned $3.02 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CROX shares. Bank of America decreased their price target on Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, June 30th. Loop Capital boosted their price target on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Barclays decreased their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Stifel Nicolaus decreased their price target on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Needham & Company LLC upped their target price on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Crocs currently has an average rating of "Moderate Buy" and a consensus target price of $135.13.

Insider Activity at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the sale, the director directly owned 27,505 shares in the company, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.72% of the company's stock.

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.