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

TLW Wealth Management LLC trimmed its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 99,751 shares of the textile maker's stock after selling 12,281 shares during the quarter. Crocs comprises approximately 6.4% of TLW Wealth Management LLC's portfolio, making the stock its 10th biggest position. TLW Wealth Management LLC owned about 0.18% of Crocs worth $10,594,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Allianz SE purchased a new position in shares of Crocs in the 4th quarter worth $53,000. Salem Investment Counselors Inc. purchased a new stake in shares of Crocs during the 1st quarter valued at about $53,000. Ameriflex Group Inc. bought a new position in shares of Crocs in the 4th quarter worth approximately $54,000. Compagnie Lombard Odier SCmA purchased a new stake in Crocs during the first quarter valued at approximately $58,000. Finally, Parallel Advisors LLC boosted 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 worth $67,000 after acquiring an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Price Performance

NASDAQ CROX traded up $0.76 during trading on Friday, hitting $107.50. 560,190 shares of the stock traded hands, compared to its average volume of 1,524,484. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $151.13. The firm has a 50-day simple moving average of $104.64 and a 200-day simple moving average of $103.33. The company has a market capitalization of $6.03 billion, a P/E ratio of 6.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.38.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share 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 for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted $3.02 earnings per share. As a group, analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CROX shares. Needham & Company LLC raised their target price on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus reduced 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. Piper Sandler lowered their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Barclays dropped their target price on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Finally, The Goldman Sachs Group initiated coverage on Crocs in a report on Wednesday. They set a "sell" rating and a $88.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.13.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company's 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 transaction, the director owned 27,505 shares of the company's stock, valued at $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Crocs Company 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.