Stratos Wealth Advisors LLC Raises Position 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,410 shares of the textile maker's stock after purchasing an additional 4,118 shares during the period. Stratos Wealth Advisors LLC's holdings in Crocs were worth $1,849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz SE purchased a new stake in Crocs in the fourth quarter valued at $53,000. Salem Investment Counselors Inc. purchased a new stake in Crocs in the first quarter valued at $53,000. Ameriflex Group Inc. purchased a new stake in Crocs in the fourth quarter valued at $54,000. Compagnie Lombard Odier SCmA purchased a new stake in Crocs in the first quarter valued at $58,000. Finally, Parallel Advisors LLC lifted its position 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 last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Buying and Selling at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the company'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 value of $352,769.16. Following the sale, the director owned 27,505 shares in the company, valued at $3,187,554.45. This represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Crocs Stock Performance

NASDAQ CROX traded up $2.14 on Thursday, hitting $106.89. 352,875 shares of the company's stock were exchanged, compared to its average volume of 1,678,130. 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 firm's 50-day moving average price is $105.21 and its two-hundred day moving average price is $103.31. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $151.13. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 2.21 and a beta of 1.38.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The business had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The company's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.02 EPS. On average, research analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CROX. Bank of America reduced their price target on shares of Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Stifel Nicolaus reduced their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Piper Sandler decreased their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group began coverage on Crocs in a report on Wednesday, July 2nd. They set a "sell" rating and a $88.00 price target on the stock. Finally, Loop Capital upped their price objective on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.13.

About Crocs

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.