180 Wealth Advisors LLC raised its position in Crocs, Inc. (NASDAQ:CROX – Get Rating) by 55.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,625 shares of the textile maker’s stock after purchasing an additional 2,355 shares during the period. 180 Wealth Advisors LLC’s holdings in Crocs were worth $318,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC boosted its position in Crocs by 100.0% during the first quarter. FinTrust Capital Advisors LLC now owns 400 shares of the textile maker’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of Crocs by 1,716.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 436 shares of the textile maker’s stock worth $33,000 after purchasing an additional 412 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Crocs in the first quarter valued at approximately $36,000. Western Pacific Wealth Management LP acquired a new stake in shares of Crocs in the fourth quarter valued at approximately $38,000. Finally, Parallel Advisors LLC lifted its position in Crocs by 53.3% during the first quarter. Parallel Advisors LLC now owns 555 shares of the textile maker’s stock worth $44,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. B. Riley cut their target price on Crocs from $120.00 to $116.00 in a research note on Friday, August 5th. Robert W. Baird restated an “outperform” rating and set a $90.00 price objective on shares of Crocs in a research report on Tuesday, August 2nd. OTR Global lowered shares of Crocs to a “positive” rating in a report on Tuesday, July 19th. StockNews.com downgraded shares of Crocs from a “hold” rating to a “sell” rating in a report on Friday, September 9th. Finally, Piper Sandler reduced their price target on shares of Crocs from $120.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.
Insider Buying and Selling
Crocs Stock Performance
NASDAQ CROX opened at $76.15 on Monday. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.94 and a quick ratio of 1.11. The company has a market cap of $4.69 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.51 and a beta of 1.99. The stock has a 50-day moving average of $70.62 and a two-hundred day moving average of $66.17. Crocs, Inc. has a 1-year low of $46.08 and a 1-year high of $183.88.
Crocs (NASDAQ:CROX – Get Rating) last announced its earnings results on Thursday, August 4th. The textile maker reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.51. The firm had revenue of $964.60 million for the quarter, compared to the consensus estimate of $938.93 million. Crocs had a net margin of 19.08% and a return on equity of 202.79%. The firm’s revenue for the quarter was up 50.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.23 EPS. As a group, analysts anticipate that Crocs, Inc. will post 10.04 EPS for the current year.
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.
- Get a free copy of the StockNews.com research report on Crocs (CROX)
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