Crocs, Inc. (NASDAQ:CROX) Holdings Lifted by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in shares of Crocs, Inc. (NASDAQ:CROXGet Rating) by 53.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 555 shares of the textile maker’s stock after buying an additional 193 shares during the period. Parallel Advisors LLC’s holdings in Crocs were worth $44,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CROX. National Bank of Canada FI bought a new position in Crocs during the fourth quarter valued at about $36,000. New York State Teachers Retirement System boosted its stake in Crocs by 6.3% during the fourth quarter. New York State Teachers Retirement System now owns 98,512 shares of the textile maker’s stock valued at $12,631,000 after buying an additional 5,854 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in Crocs by 33.8% during the fourth quarter. 180 Wealth Advisors LLC now owns 3,106 shares of the textile maker’s stock valued at $317,000 after buying an additional 784 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Crocs during the fourth quarter valued at about $89,000. Finally, Edmonds Duncan Registered Investment Advisors LLC boosted its stake in Crocs by 7.3% during the fourth quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 2,210 shares of the textile maker’s stock valued at $251,000 after buying an additional 151 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Crocs Stock Down 1.6 %

Shares of Crocs stock opened at $62.84 on Friday. The stock has a 50-day moving average price of $54.11 and a 200 day moving average price of $74.05. The company has a market cap of $3.87 billion, a P/E ratio of 5.66, a P/E/G ratio of 0.40 and a beta of 1.87. The company has a current ratio of 1.96, a quick ratio of 1.19 and a debt-to-equity ratio of 8.17. Crocs, Inc. has a 1 year low of $46.08 and a 1 year high of $183.88.

Crocs (NASDAQ:CROXGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The textile maker reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.49. Crocs had a return on equity of 206.72% and a net margin of 27.85%. The firm had revenue of $660.15 million during the quarter, compared to the consensus estimate of $621.81 million. During the same period in the prior year, the business earned $1.49 EPS. The business’s revenue for the quarter was up 43.5% on a year-over-year basis. As a group, analysts expect that Crocs, Inc. will post 10.54 EPS for the current fiscal year.

Insider Transactions at Crocs

In other news, Director Thomas J. Smach purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was bought at an average cost of $49.99 per share, with a total value of $249,950.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $499,900. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas J. Smach purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was bought at an average cost of $49.99 per share, with a total value of $249,950.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $499,900. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Anne Mehlman purchased 2,600 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were purchased at an average cost of $54.91 per share, with a total value of $142,766.00. Following the completion of the purchase, the chief financial officer now directly owns 121,153 shares in the company, valued at $6,652,511.23. The disclosure for this purchase can be found here. Insiders bought 17,600 shares of company stock valued at $947,066 in the last three months. Corporate insiders own 2.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Crocs from $59.00 to $54.00 in a research report on Wednesday. Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and increased their price target for the company from $52.42 to $75.00 in a research report on Tuesday, July 5th. Robert W. Baird decreased their price target on Crocs from $200.00 to $120.00 in a research report on Thursday, May 12th. B. Riley set a $120.00 price target on Crocs in a research report on Tuesday, July 19th. Finally, Wedbush assumed coverage on Crocs in a research report on Thursday, April 28th. They issued an “outperform” rating and a $90.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Crocs Profile

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Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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