Wealth Enhancement Advisory Services LLC Raises Stock Position in Crocs, Inc. $CROX

Wealth Enhancement Advisory Services LLC boosted its holdings in Crocs, Inc. (NASDAQ:CROX) by 48.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,002 shares of the textile maker’s stock after purchasing an additional 7,154 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Crocs were worth $1,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in Crocs by 120.7% during the second quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock valued at $45,000 after buying an additional 245 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Crocs in the 2nd quarter worth approximately $48,000. Employees Retirement System of Texas purchased a new stake in Crocs in the second quarter valued at about $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Crocs during the second quarter worth $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Crocs by 159.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after purchasing an additional 459 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CROX shares. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Crocs in a research report on Friday, December 5th. Zacks Research cut Crocs from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Wall Street Zen cut shares of Crocs from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Citigroup downgraded shares of Crocs to a “negative” rating in a research note on Tuesday, October 7th. Finally, KeyCorp reissued a “sector weight” rating on shares of Crocs in a research note on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $99.25.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average cost of $74.50 per share, with a total value of $223,500.00. Following the transaction, the director directly owned 18,417 shares in the company, valued at approximately $1,372,066.50. The trade was a 19.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

Crocs Stock Performance

Crocs stock opened at $83.92 on Friday. The business’s 50-day moving average price is $86.47 and its two-hundred day moving average price is $85.93. The stock has a market cap of $4.36 billion, a PE ratio of 27.34 and a beta of 1.54. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $122.84.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.56. The firm had revenue of $996.30 million during the quarter, compared to the consensus estimate of $960.14 million. Crocs had a return on equity of 43.14% and a net margin of 4.48%.The business’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business posted $3.60 EPS. As a group, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.