Stratos Wealth Advisors LLC Grows Stock Position in Crocs, Inc. (NASDAQ:CROX)

Stratos Wealth Advisors LLC grew its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 31.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,410 shares of the textile maker's stock after buying 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.

Several other hedge funds and other institutional investors have also made changes to their positions in CROX. Arrowstreet Capital Limited Partnership lifted its position in shares of Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after buying an additional 1,244,480 shares during the last quarter. Norges Bank purchased a new stake in shares of Crocs during the 4th quarter worth approximately $62,221,000. Altshuler Shaham Ltd lifted its position in shares of Crocs by 30,778.0% during the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after buying an additional 455,515 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position 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 buying an additional 429,994 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of 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 worth $53,730,000 after buying an additional 307,185 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity at Crocs

In other Crocs 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 directly owned 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company's stock.

Crocs Price Performance

Shares of NASDAQ CROX traded up $1.10 during trading on Thursday, hitting $105.85. 876,186 shares of the company were exchanged, compared to its average volume of 1,522,097. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 6.49, 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 firm's fifty day moving average price is $105.44 and its 200 day moving average price is $103.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of 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 objective on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group started coverage on shares of Crocs in a research report on Wednesday, July 2nd. They set a "sell" rating and a $88.00 price objective for the company. Piper Sandler cut their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Loop Capital lifted their target price on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. One equities 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, Crocs presently has an average rating of "Moderate Buy" and an average price target 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.