Cwm LLC Raises Holdings in Crocs, Inc. (NASDAQ:CROX)

Cwm LLC boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 58.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,684 shares of the textile maker’s stock after purchasing an additional 621 shares during the quarter. Cwm LLC’s holdings in Crocs were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in Crocs by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 22,023 shares of the textile maker’s stock valued at $1,943,000 after purchasing an additional 1,241 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Crocs by 512.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 27,020 shares of the textile maker’s stock worth $2,384,000 after acquiring an additional 22,605 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Crocs by 37.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,987 shares of the textile maker’s stock worth $1,763,000 after acquiring an additional 5,470 shares in the last quarter. JB Capital LLC acquired a new stake in shares of Crocs during the 3rd quarter valued at about $629,000. Finally, Strs Ohio grew its position in shares of Crocs by 6.6% during the 3rd quarter. Strs Ohio now owns 8,421 shares of the textile maker’s stock valued at $742,000 after acquiring an additional 518 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Crocs Trading Down 1.9 %

CROX opened at $124.28 on Monday. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.57 and a beta of 2.03. The company’s 50 day simple moving average is $129.12 and its two-hundred day simple moving average is $109.00. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $146.79. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The firm had revenue of $960.10 million for the quarter, compared to the consensus estimate of $958.39 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.65 earnings per share. Analysts expect that Crocs, Inc. will post 12.44 EPS for the current fiscal year.

Insider Activity

In related news, Director Ian Bickley sold 16,785 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the completion of the sale, the director now directly owns 31,815 shares in the company, valued at $3,819,390.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Ian Bickley sold 16,785 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $120.05, for a total value of $2,015,039.25. Following the completion of the transaction, the director now directly owns 31,815 shares in the company, valued at $3,819,390.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Replogle bought 1,972 shares of Crocs stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the transaction, the director now directly owns 3,153 shares of the company’s stock, valued at $399,642.75. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 39,867 shares of company stock valued at $4,786,276. 2.69% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. KeyCorp raised their price objective on Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Piper Sandler lifted their price target on shares of Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Stifel Nicolaus upped their price objective on shares of Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Wedbush reaffirmed an “outperform” rating and set a $154.00 price objective on shares of Crocs in a report on Friday. Finally, B. Riley boosted their target price on shares of Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.64.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.