First Trust Direct Indexing L.P. Makes New $213,000 Investment in Crocs, Inc. (NASDAQ:CROX)

First Trust Direct Indexing L.P. acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, Holdings Channel reports. The fund acquired 2,283 shares of the textile maker’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently modified their holdings of CROX. WIT Partners Advisory Pte. Ltd. bought a new position in shares of Crocs during the fourth quarter valued at approximately $266,431,000. AQR Capital Management LLC grew its stake in shares of Crocs by 141.1% during the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock valued at $63,574,000 after buying an additional 421,712 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Crocs during the third quarter valued at approximately $34,823,000. Assenagon Asset Management S.A. grew its stake in shares of Crocs by 60.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,024,452 shares of the textile maker’s stock valued at $90,387,000 after buying an additional 384,390 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Crocs during the third quarter valued at approximately $11,216,000. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other Crocs news, Director John B. Replogle acquired 1,972 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the acquisition, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, President Michelle Poole sold 4,793 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the sale, the president now owns 64,912 shares in the company, valued at approximately $7,734,264.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John B. Replogle acquired 1,972 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the acquisition, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The disclosure for this purchase can be found here. In the last quarter, insiders sold 39,867 shares of company stock worth $4,786,276. Insiders own 2.72% of the company’s stock.

Crocs Stock Down 0.8 %

Crocs stock opened at $135.42 on Thursday. The business has a fifty day moving average of $129.81 and a two-hundred day moving average of $110.00. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm has a market cap of $8.22 billion, a P/E ratio of 10.57, a P/E/G ratio of 1.56 and a beta of 2.03. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $146.79.

Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.77. The company had revenue of $938.60 million during the quarter, compared to analyst estimates of $884.29 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. Crocs’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 earnings per share. On average, analysts forecast that Crocs, Inc. will post 12.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America upped their target price on Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Monness Crespi & Hardt increased their price objective on Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James increased their price objective on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Williams Trading reissued a “hold” rating and issued a $125.00 price objective (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Finally, OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.42.

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.