Janney Montgomery Scott LLC Has $1.65 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Janney Montgomery Scott LLC raised its stake in shares of Crocs, Inc. (NASDAQ:CROXGet Rating) by 105.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,035 shares of the textile maker’s stock after purchasing an additional 12,310 shares during the period. Janney Montgomery Scott LLC’s holdings in Crocs were worth $1,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CROX. JPMorgan Chase & Co. boosted its position in shares of Crocs by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 160,588 shares of the textile maker’s stock valued at $12,269,000 after acquiring an additional 972 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Crocs by 91.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,493 shares of the textile maker’s stock valued at $1,948,000 after acquiring an additional 12,173 shares during the period. HighTower Advisors LLC boosted its position in shares of Crocs by 156.1% in the first quarter. HighTower Advisors LLC now owns 21,233 shares of the textile maker’s stock valued at $1,623,000 after acquiring an additional 12,941 shares during the period. Private Advisor Group LLC boosted its position in shares of Crocs by 9.7% in the first quarter. Private Advisor Group LLC now owns 7,180 shares of the textile maker’s stock valued at $549,000 after acquiring an additional 634 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Crocs by 2.7% in the first quarter. Rhumbline Advisers now owns 161,078 shares of the textile maker’s stock valued at $12,306,000 after acquiring an additional 4,287 shares during the period. Institutional investors and hedge funds own 84.95% of the company’s stock.

Insiders Place Their Bets

In other Crocs news, President Michelle Poole sold 9,492 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $99.83, for a total transaction of $947,586.36. Following the sale, 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 Securities & Exchange Commission, which is available through this link. In other Crocs news, President Michelle Poole sold 9,492 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $99.83, for a total transaction of $947,586.36. Following the sale, 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 Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $100.55, for a total transaction of $1,005,500.00. Following the sale, 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. Over the last ninety days, insiders have sold 79,939 shares of company stock valued at $8,320,050. 2.71% of the stock is currently owned by insiders.

Crocs Stock Down 1.0 %

CROX opened at $125.82 on Monday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.79 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. The firm’s 50-day simple moving average is $100.38 and its 200-day simple moving average is $81.21. Crocs, Inc. has a twelve month low of $46.08 and a twelve month high of $127.66.

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

Analyst Ratings Changes

CROX has been the subject of several research reports. Exane BNP Paribas initiated coverage on Crocs in a research report on Wednesday, September 21st. They issued a “neutral” rating for the company. UBS Group increased their price objective on Crocs from $107.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com raised Crocs from a “sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Piper Sandler raised their target price on Crocs from $118.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Robert W. Baird raised their target price on Crocs from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 11th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $108.43.

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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