Envestnet Asset Management Inc. Has $22.80 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

Envestnet Asset Management Inc. raised its stake in shares of Crocs, Inc. (NASDAQ:CROXFree Report) by 8.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 214,671 shares of the textile maker’s stock after acquiring an additional 16,138 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.38% of Crocs worth $22,798,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CROX. Parallel Advisors LLC grew its position in shares of Crocs by 26.5% in the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 132 shares during the period. ProShare Advisors LLC grew its stake in shares of Crocs by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker’s stock valued at $299,000 after buying an additional 137 shares in the last quarter. Riverwater Partners LLC grew its stake in shares of Crocs by 0.9% in the fourth quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker’s stock valued at $2,188,000 after buying an additional 177 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of Crocs by 20.9% in the first quarter. Whipplewood Advisors LLC now owns 1,064 shares of the textile maker’s stock valued at $113,000 after buying an additional 184 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Crocs by 43.6% in the first quarter. UMB Bank n.a. now owns 642 shares of the textile maker’s stock valued at $68,000 after buying an additional 195 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CROX shares. Piper Sandler reduced their target price on shares of Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Needham & Company LLC upped their price objective on shares of Crocs from $118.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Bank of America cut their price objective on shares of Crocs from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, June 30th. Barclays cut their price objective on shares of Crocs from $122.00 to $119.00 and set an “overweight” rating for the company in a research report on Friday, May 9th. Finally, Loop Capital upped their price objective 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.13.

Get Our Latest Analysis on CROX

Crocs Stock Down 2.2%

CROX stock opened at $99.72 on Wednesday. The business’s 50-day moving average price is $105.60 and its 200-day moving average price is $102.98. The stock has a market cap of $5.59 billion, a P/E ratio of 6.11, a PEG ratio of 2.12 and a beta of 1.38. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $151.13. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.75.

Crocs (NASDAQ:CROXGet Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates 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 23.35% and a return on equity of 43.07%. Crocs’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted $3.02 earnings per share. On average, equities research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Transactions at Crocs

In other news, Director Ian Bickley sold 3,044 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director owned 27,505 shares in the company, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.72% of the stock is owned by company insiders.

Crocs Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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