LPL Financial LLC Has $7.06 Million Stake in Crocs, Inc. (NASDAQ:CROX)

LPL Financial LLC lowered its position in Crocs, Inc. (NASDAQ:CROX) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,482 shares of the textile maker’s stock after selling 13,357 shares during the quarter. LPL Financial LLC owned approximately 0.12% of Crocs worth $7,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CROX. Fuller & Thaler Asset Management Inc. lifted its holdings in Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock valued at $143,309,000 after purchasing an additional 429,994 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Crocs by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker’s stock valued at $114,632,000 after purchasing an additional 89,647 shares during the period. Evercore Wealth Management LLC lifted its stake in shares of Crocs by 9.0% during the 4th quarter. Evercore Wealth Management LLC now owns 739,109 shares of the textile maker’s stock worth $80,955,000 after buying an additional 60,730 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Crocs by 34.0% during the 4th quarter. Northern Trust Corp now owns 603,734 shares of the textile maker’s stock worth $66,127,000 after buying an additional 153,215 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Crocs by 167.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker’s stock worth $53,730,000 after buying an additional 307,185 shares during the period. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Needham & Company LLC cut their price objective on shares of Crocs from $129.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group set a $90.00 price target on Crocs in a report on Sunday. KeyCorp reaffirmed an “overweight” rating and issued a $95.00 price objective (down from $120.00) on shares of Crocs in a report on Friday. Barclays reiterated an “equal weight” rating and set a $81.00 price objective (down previously from $119.00) on shares of Crocs in a research report on Friday. Finally, The Goldman Sachs Group reduced their target price on shares of Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus price target of $109.31.

Crocs Stock Performance

CROX stock opened at $75.24 on Monday. The firm has a market cap of $4.11 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.56 and a beta of 1.41. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. The stock has a 50-day moving average price of $101.82 and a 200-day moving average price of $102.20. Crocs, Inc. has a 1-year low of $73.76 and a 1-year high of $151.13.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.22. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.01 earnings per share. As a group, equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

About Crocs

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.