Farther Finance Advisors LLC Purchases 3,117 Shares of Crocs, Inc. (NASDAQ:CROX)

Farther Finance Advisors LLC grew its position in Crocs, Inc. (NASDAQ:CROX) by 517.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,719 shares of the textile maker’s stock after acquiring an additional 3,117 shares during the period. Farther Finance Advisors LLC’s holdings in Crocs were worth $406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CROX. Vanguard Group Inc. boosted its holdings in shares of Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after buying an additional 47,576 shares during the period. Impax Asset Management Group plc bought a new stake in shares of Crocs during the 4th quarter worth about $684,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Crocs by 39.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock worth $1,888,000 after buying an additional 4,862 shares during the period. Amica Mutual Insurance Co. bought a new stake in shares of Crocs during the 4th quarter worth about $333,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Crocs during the 4th quarter worth about $419,000. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of Crocs stock opened at $102.24 on Tuesday. The firm has a market capitalization of $5.73 billion, a P/E ratio of 6.39, a PEG ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $102.34 and a 200 day moving average price of $104.15. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.51 by $0.49. The firm had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Crocs’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $3.02 EPS. Sell-side analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Analyst Upgrades and Downgrades

CROX has been the topic of several recent research reports. Needham & Company LLC raised their target price on shares of Crocs from $118.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Wall Street Zen lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Piper Sandler dropped their target price on shares of Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Loop Capital boosted their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Finally, UBS Group boosted their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and twelve have given a 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 $139.79.

Insider Buying and Selling

In related news, Director Ian Bickley sold 3,044 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now owns 27,505 shares in the company, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Crocs 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.