Wealth Enhancement Advisory Services LLC Sells 29,574 Shares of Crocs, Inc. (NASDAQ:CROX)

Wealth Enhancement Advisory Services LLC trimmed its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 77.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,489 shares of the textile maker's stock after selling 29,574 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Crocs were worth $901,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after purchasing an additional 47,576 shares during the last quarter. Amica Mutual Insurance Co. bought a new position in shares of Crocs in the 4th quarter worth $333,000. Jefferies Financial Group Inc. bought a new position in shares of Crocs in the 4th quarter worth $419,000. Charles Schwab Investment Management Inc. boosted its position in shares of Crocs by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker's stock worth $78,360,000 after purchasing an additional 8,014 shares during the last quarter. Finally, Atria Investments Inc boosted its position in shares of Crocs by 70.4% in the 4th quarter. Atria Investments Inc now owns 3,386 shares of the textile maker's stock worth $371,000 after purchasing an additional 1,399 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Activity 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 shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director directly owned 27,505 shares in the company, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CROX has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays reduced their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus reduced their target price on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Piper Sandler reduced their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Bank of America reduced their target price on Crocs from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, June 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.13.

Crocs Stock Performance

Crocs stock traded up $0.76 during midday trading on Friday, reaching $107.50. 560,190 shares of the company's stock were exchanged, compared to its average volume of 1,524,484. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. The stock's 50-day simple moving average is $104.64 and its 200 day simple moving average is $103.33. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 2.23 and a beta of 1.38. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly 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. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The business had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. During the same quarter in the prior year, the business earned $3.02 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal 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.