TLW Wealth Management LLC Has $10.59 Million Position in Crocs, Inc. (NASDAQ:CROX)

TLW Wealth Management LLC decreased its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,751 shares of the textile maker's stock after selling 12,281 shares during the quarter. Crocs accounts for approximately 6.4% of TLW Wealth Management LLC's holdings, making the stock its 10th biggest position. TLW Wealth Management LLC owned approximately 0.18% of Crocs worth $10,594,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America reduced their target price on shares of Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday. Stifel Nicolaus reduced their price target on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Loop Capital raised their price objective on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Needham & Company LLC lifted their price objective on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group started coverage on shares of Crocs in a report on Wednesday. They issued a "sell" rating and a $88.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $135.13.

Insider Activity

In related news, Director Ian Bickley sold 3,044 shares of the 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 transaction, the director directly owned 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This 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 accessible through this link. Company insiders own 2.72% of the company's stock.

Crocs Price Performance

Shares of CROX stock traded down $0.39 during mid-day trading on Wednesday, hitting $106.74. The company had a trading volume of 1,945,028 shares, compared to its average volume of 1,521,641. 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 stock's 50 day moving average price is $104.05 and its 200-day moving average price is $103.37. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $151.13. The company has a market capitalization of $5.98 billion, a P/E ratio of 6.54, a P/E/G ratio of 2.55 and a beta of 1.38.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly 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. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The company had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. During the same period in the previous year, the firm posted $3.02 EPS. Crocs's revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.