Wealth Enhancement Advisory Services LLC Has $4.17 Million Holdings in Crocs, Inc. (NASDAQ:CROX)

Wealth Enhancement Advisory Services LLC grew its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 362.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,063 shares of the textile maker's stock after purchasing an additional 29,839 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of Crocs worth $4,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Crocs in the 4th quarter worth approximately $3,385,000. Jefferies Financial Group Inc. acquired a new position in shares of Crocs in the fourth quarter worth $419,000. Ameriflex Group Inc. acquired a new position in shares of Crocs in the fourth quarter worth $54,000. Jupiter Wealth Management LLC raised its holdings in shares of Crocs by 28.6% during the fourth quarter. Jupiter Wealth Management LLC now owns 8,100 shares of the textile maker's stock worth $887,000 after acquiring an additional 1,800 shares in the last quarter. Finally, CSS LLC IL acquired a new stake in Crocs during the fourth quarter valued at $617,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Stock Performance

CROX stock traded up $1.16 on Thursday, reaching $100.17. 1,738,187 shares of the company were exchanged, compared to its average volume of 1,514,354. The firm has a market capitalization of $5.62 billion, a PE ratio of 6.26, a PEG ratio of 1.80 and a beta of 1.41. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The stock's fifty day moving average price is $101.97 and its 200 day moving average price is $104.18. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The business had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same quarter in the prior year, the business earned $3.02 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity

In other Crocs news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director now owns 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 filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays dropped their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. UBS Group increased their price objective on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Stifel Nicolaus reduced their target price 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 decreased their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Robert W. Baird cut their price target on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

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.