Stratos Wealth Advisors LLC Has $1.85 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

Stratos Wealth Advisors LLC increased its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 31.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,410 shares of the textile maker's stock after acquiring an additional 4,118 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Crocs were worth $1,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Walter Public Investments Inc. boosted its holdings in shares of Crocs by 5.6% in the first quarter. Walter Public Investments Inc. now owns 70,475 shares of the textile maker's stock valued at $7,484,000 after acquiring an additional 3,736 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Crocs by 1.9% during the first quarter. Crossmark Global Holdings Inc. now owns 46,779 shares of the textile maker's stock worth $4,968,000 after acquiring an additional 860 shares during the last quarter. TD Private Client Wealth LLC raised its position in Crocs by 31.3% during the first quarter. TD Private Client Wealth LLC now owns 2,380 shares of the textile maker's stock worth $253,000 after acquiring an additional 568 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Crocs by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 214,671 shares of the textile maker's stock worth $22,798,000 after acquiring an additional 16,138 shares during the last quarter. Finally, World Investment Advisors acquired a new position in shares of Crocs in the first quarter valued at approximately $299,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Crocs

In other news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the transaction, the director owned 27,505 shares in the company, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.00% of the company's stock.

Crocs Price Performance

CROX traded down $2.10 on Friday, reaching $103.75. The company had a trading volume of 748,783 shares, compared to its average volume of 1,520,582. The company has a fifty day moving average of $105.56 and a 200-day moving average of $103.14. The company has a market capitalization of $5.82 billion, a P/E ratio of 6.36, a PEG ratio of 2.16 and a beta of 1.38. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Crocs, Inc. has a one year low of $86.11 and a one year high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. The firm had revenue of $937.33 million during 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%. Crocs'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. As a group, equities research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CROX. Bank of America cut their price objective 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 decreased their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Needham & Company LLC upped their target price on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group began coverage on shares of Crocs in a research note on Wednesday, July 2nd. They set a "sell" rating and a $88.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and an average target price 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.