Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 235.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,514 shares of the textile maker's stock after buying an additional 41,091 shares during the period. Raymond James & Associates owned approximately 0.10% of Crocs worth $5,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in Crocs by 245.8% during the 2nd quarter. Quarry LP now owns 249 shares of the textile maker's stock valued at $28,000 after buying an additional 177 shares in the last quarter. Harbour Investments Inc. increased its position in Crocs by 440.0% during the 1st quarter. Harbour Investments Inc. now owns 270 shares of the textile maker's stock valued at $34,000 after purchasing an additional 220 shares during the period. Atlas Capital Advisors LLC bought a new position in Crocs in the first quarter worth approximately $44,000. Advisors Asset Management Inc. boosted its position in Crocs by 90.2% during the third quarter. Advisors Asset Management Inc. now owns 715 shares of the textile maker's stock valued at $63,000 after purchasing an additional 339 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Crocs by 18.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,227 shares of the textile maker's stock worth $84,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In other news, EVP Daniel P. Hart sold 10,000 shares of Crocs stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the transaction, the executive vice president now owns 219,293 shares of the company's stock, valued at $25,981,834.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Crocs news, Director Ian Bickley sold 16,785 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the sale, the director now directly owns 31,815 shares of the company's stock, valued at $3,819,390.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel P. Hart sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the sale, the executive vice president now directly owns 219,293 shares in the company, valued at approximately $25,981,834.64. The disclosure for this sale can be found here. Insiders have sold a total of 39,867 shares of company stock valued at $4,786,276 in the last three months. Insiders own 2.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus lifted their target price on Crocs from $132.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Bank of America boosted their target price on Crocs from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. B. Riley lifted their price objective on shares of Crocs from $95.00 to $122.00 and gave the stock a "neutral" rating in a research report on Wednesday. Barclays began coverage on shares of Crocs in a research report on Monday, April 1st. They issued an "overweight" rating and a $167.00 price target for the company. Finally, Piper Sandler lifted their target price on shares of Crocs from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $149.30.

Crocs Stock Performance

CROX stock traded up $0.07 during midday trading on Wednesday, reaching $128.29. The company had a trading volume of 909,969 shares, compared to its average volume of 1,475,973. The stock has a 50 day moving average price of $123.49 and a 200 day moving average price of $104.24. The firm has a market capitalization of $7.76 billion, a PE ratio of 9.97, a P/E/G ratio of 1.67 and a beta of 2.01. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $151.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping the consensus estimate of $2.38 by $0.20. The firm had revenue of $960.10 million for the quarter, compared to analysts' expectations of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. Crocs's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.65 earnings per share. Analysts anticipate that Crocs, Inc. will post 12.44 earnings per share for the current 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.