Wipfli Financial Advisors LLC Invests $56,000 in Crocs, Inc. (NASDAQ:CROX)

Wipfli Financial Advisors LLC bought a new position in Crocs, Inc. (NASDAQ:CROXGet Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 812 shares of the textile maker’s stock, valued at approximately $56,000.

Several other large investors have also recently modified their holdings of the business. FMR LLC grew its stake in Crocs by 23.3% during the second quarter. FMR LLC now owns 8,247,229 shares of the textile maker’s stock valued at $401,393,000 after acquiring an additional 1,558,482 shares in the last quarter. BlackRock Inc. grew its stake in Crocs by 3.9% during the first quarter. BlackRock Inc. now owns 6,646,713 shares of the textile maker’s stock valued at $507,811,000 after acquiring an additional 247,828 shares in the last quarter. Woodson Capital Management LP purchased a new position in Crocs during the second quarter valued at approximately $11,822,000. Point72 Asset Management L.P. grew its stake in Crocs by 265.2% during the second quarter. Point72 Asset Management L.P. now owns 327,476 shares of the textile maker’s stock valued at $15,938,000 after acquiring an additional 237,802 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Crocs by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,836,304 shares of the textile maker’s stock valued at $445,893,000 after acquiring an additional 226,669 shares in the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.

Crocs Trading Down 1.0 %

Shares of CROX opened at $125.82 on Friday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.80 and a beta of 1.89. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.07 and a current ratio of 1.97. Crocs, Inc. has a fifty-two week low of $46.08 and a fifty-two week high of $127.66. The firm has a 50 day moving average price of $100.38 and a 200-day moving average price of $80.98.

Crocs (NASDAQ:CROXGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The textile maker reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.39. The firm had revenue of $985.09 million during the quarter, compared to analyst estimates of $941.88 million. Crocs had a net margin of 17.43% and a return on equity of 172.58%. As a group, equities research analysts forecast that Crocs, Inc. will post 10.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CROX. StockNews.com raised shares of Crocs from a “sell” rating to a “hold” rating in a research note on Wednesday. UBS Group lifted their target price on shares of Crocs from $107.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday. Exane BNP Paribas started coverage on shares of Crocs in a research report on Wednesday, September 21st. They set a “neutral” rating for the company. BNP Paribas started coverage on shares of Crocs in a research report on Wednesday, September 21st. They set a “neutral” rating for the company. Finally, Robert W. Baird lifted their target price on shares of Crocs from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average price target of $108.43.

Insider Transactions at Crocs

In related news, President Michelle Poole sold 9,492 shares of Crocs stock in a transaction on Friday, November 18th. The shares were sold at an average price of $99.83, for a total value of $947,586.36. Following the transaction, the president now directly owns 145,157 shares of the company’s stock, valued at $14,491,023.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President Michelle Poole sold 9,492 shares of Crocs stock in a transaction on Friday, November 18th. The shares were sold at an average price of $99.83, for a total value of $947,586.36. Following the transaction, the president now directly owns 145,157 shares of the company’s stock, valued at $14,491,023.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction on Friday, November 18th. The stock was sold at an average price of $100.55, for a total transaction of $1,005,500.00. Following the completion of the transaction, the chief executive officer now directly owns 149,748 shares in the company, valued at $15,057,161.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,939 shares of company stock worth $8,320,050. 2.71% of the stock is currently owned by insiders.

Crocs Company Profile

(Get Rating)

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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