Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lifted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 31.0% in the first quarter, according to its most recent 13F filing with the SEC. 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 filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allianz SE purchased a new stake in shares of Crocs during the 4th quarter worth about $53,000. Salem Investment Counselors Inc. purchased a new stake in shares of Crocs during the 1st quarter worth about $53,000. Ameriflex Group Inc. purchased a new stake in shares of Crocs during the 4th quarter worth about $54,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Crocs during the 1st quarter worth about $58,000. Finally, Parallel Advisors LLC grew its holdings in shares of Crocs by 26.5% during the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

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

Crocs Stock Performance

Shares of CROX stock traded down $2.10 on Friday, hitting $103.75. 748,663 shares of the stock traded hands, compared to its average volume of 1,519,015. 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 $5.82 billion, a PE ratio of 6.36, a PEG ratio of 2.18 and a beta of 1.38. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $151.13. The company's fifty day moving average is $105.44 and its 200 day moving average is $103.26.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) 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 analyst estimates of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.02 EPS. On average, equities research analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CROX. Needham & Company LLC boosted their price target on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Barclays reduced their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. 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. The Goldman Sachs Group began coverage on Crocs in a research report on Wednesday, July 2nd. They set a "sell" rating and a $88.00 price target on the stock. Finally, Loop Capital increased their target price on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $135.13.

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.