Envestnet Asset Management Inc. Acquires 9,745 Shares of Crocs, Inc. (NASDAQ:CROX)

Envestnet Asset Management Inc. boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROXGet Rating) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,800 shares of the textile maker’s stock after buying an additional 9,745 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of Crocs worth $5,149,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CROX. FinTrust Capital Advisors LLC raised 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 valued at $31,000 after purchasing an additional 200 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Crocs during the first quarter valued at about $36,000. Parallel Advisors LLC raised its position in Crocs by 53.3% during the first quarter. Parallel Advisors LLC now owns 555 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 193 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Crocs during the second quarter valued at about $52,000. Finally, Community Bank N.A. purchased a new stake in Crocs during the first quarter valued at about $68,000. Institutional investors own 79.96% of the company’s stock.

Crocs Stock Up 1.0 %

NASDAQ CROX opened at $93.24 on Friday. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.97 and a quick ratio of 1.07. The stock has a market capitalization of $5.76 billion, a PE ratio of 10.29, a PEG ratio of 0.54 and a beta of 1.87. Crocs, Inc. has a 1 year low of $46.08 and a 1 year high of $183.88. The business’s 50-day moving average is $76.24 and its 200 day moving average is $66.60.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CROX shares. B. Riley lowered their price target on Crocs from $120.00 to $116.00 in a research report on Friday, August 5th. StockNews.com downgraded Crocs from a “hold” rating to a “sell” rating in a report on Friday, November 4th. OTR Global downgraded Crocs to a “positive” rating in a report on Tuesday, July 19th. UBS Group decreased their price objective on Crocs from $73.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, July 15th. Finally, Robert W. Baird lifted their price objective on Crocs from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, November 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Crocs currently has an average rating of “Hold” and a consensus price target of $83.43.

Insider Buying and Selling

In related news, President Michelle Poole sold 7,320 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $80.26, for a total value of $587,503.20. Following the sale, the president now directly owns 168,905 shares of the company’s stock, valued at $13,556,315.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Crocs news, EVP Shannon Sisler sold 3,164 shares of Crocs stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $80.00, for a total transaction of $253,120.00. Following the sale, the executive vice president now directly owns 49,303 shares of the company’s stock, valued at approximately $3,944,240. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michelle Poole sold 7,320 shares of Crocs stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $80.26, for a total value of $587,503.20. Following the sale, the president now directly owns 168,905 shares in the company, valued at $13,556,315.30. The disclosure for this sale can be found here. 2.71% of the stock is owned by insiders.

About Crocs

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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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