Wealth Enhancement Advisory Services LLC Buys 6,359 Shares of Crocs, Inc. $CROX

Key Points

• Wealth Enhancement Advisory Services LLC has increased its stake in Crocs, Inc. by 74.9% during the 2nd quarter, now holding 14,848 shares valued at approximately $1.59 million.
• Several institutional investors have significantly increased their positions in Crocs, with 93.44% of the stock currently owned by such investors.
• Analysts set a consensus price target of $102.00 for Crocs, with ratings ranging from "Buy" to "Hold," although some firms have recently lowered their price targets.

Wealth Enhancement Advisory Services LLC boosted its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 74.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,848 shares of the textile maker's stock after acquiring an additional 6,359 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Crocs were worth $1,594,000 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 business. Motley Fool Wealth Management LLC raised its position in shares of Crocs by 82.6% during the first quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker's stock worth $10,830,000 after purchasing an additional 46,124 shares during the period. Entropy Technologies LP purchased a new stake in shares of Crocs during the 1st quarter valued at $905,000. Versor Investments LP purchased a new stake in shares of Crocs during the 1st quarter valued at $1,275,000. Baird Financial Group Inc. increased its position in shares of Crocs by 4.8% during the 1st quarter. Baird Financial Group Inc. now owns 251,230 shares of the textile maker's stock valued at $26,681,000 after purchasing an additional 11,397 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Crocs by 29.6% during the 1st quarter. Victory Capital Management Inc. now owns 36,563 shares of the textile maker's stock valued at $3,883,000 after purchasing an additional 8,353 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CROX has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a "hold" rating and set a $85.00 target price (down from $127.00) on shares of Crocs in a research report on Friday, August 8th. KeyCorp decreased their target price on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Piper Sandler lowered Crocs from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $95.00 to $75.00 in a report on Monday, September 22nd. Needham & Company LLC lifted their price objective on Crocs from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, Bank of America decreased their price objective on Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $102.00.

Insider Transactions at Crocs

In other news, EVP Susan L. Healy bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the transaction, the executive vice president directly owned 50,078 shares of the company's stock, valued at $3,833,971.68. This represents a 4.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Replogle bought 3,261 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $76.69 per share, with a total value of $250,086.09. Following the transaction, the director directly owned 15,417 shares in the company, valued at $1,182,329.73. The trade was a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company's stock.

Crocs Stock Performance

Shares of CROX opened at $83.76 on Tuesday. The company has a market cap of $4.57 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 1.88 and a beta of 1.40. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. The stock has a 50-day moving average price of $87.54 and a 200-day moving average price of $97.50. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $145.26.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.01 by $0.22. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.

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