White Knight Strategic Wealth Advisors LLC Takes $306,000 Position in Crocs, Inc. (NASDAQ:CROX)

White Knight Strategic Wealth Advisors LLC bought a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,790 shares of the textile maker's stock, valued at approximately $306,000.

Several other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Crocs by 8.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,974 shares of the textile maker's stock worth $22,232,000 after purchasing an additional 15,586 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Crocs by 35.1% in the fourth quarter. Vident Advisory LLC now owns 15,544 shares of the textile maker's stock worth $1,703,000 after purchasing an additional 4,038 shares during the last quarter. Teza Capital Management LLC increased its holdings in shares of Crocs by 129.7% in the fourth quarter. Teza Capital Management LLC now owns 5,022 shares of the textile maker's stock worth $550,000 after purchasing an additional 2,836 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Crocs by 708.5% in the fourth quarter. Tidal Investments LLC now owns 175,240 shares of the textile maker's stock worth $19,194,000 after purchasing an additional 153,566 shares during the last quarter. Finally, Tyro Capital Management LLC increased its holdings in shares of Crocs by 20.1% in the fourth quarter. Tyro Capital Management LLC now owns 85,913 shares of the textile maker's stock worth $9,410,000 after purchasing an additional 14,398 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CROX shares. Bank of America boosted their price objective on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Wall Street Zen downgraded Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Barclays decreased their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Loop Capital lifted their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus cut their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Three research 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, Crocs has an average rating of "Moderate Buy" and an average target price of $139.79.

Insiders Place Their Bets

In other Crocs news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Crocs Trading Down 2.8%

CROX stock traded down $3.09 during trading on Friday, hitting $108.29. The company had a trading volume of 1,608,274 shares, compared to its average volume of 1,507,290. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. The company has a 50 day simple moving average of $102.64 and a 200-day simple moving average of $104.01. The firm has a market capitalization of $6.07 billion, a P/E ratio of 6.77, a PEG ratio of 1.80 and a beta of 1.46. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The business had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $3.02 earnings per share. As a group, research analysts forecast 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.