TD Waterhouse Canada Inc. Takes $3.21 Million Position in Crocs, Inc. $CROX

TD Waterhouse Canada Inc. purchased a new stake in Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 37,726 shares of the textile maker’s stock, valued at approximately $3,206,000. TD Waterhouse Canada Inc. owned approximately 0.07% of Crocs as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Crocs by 120.7% in the second quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 245 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Crocs during the 2nd quarter valued at $48,000. Employees Retirement System of Texas bought a new position in shares of Crocs during the 2nd quarter valued at $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Crocs in the 2nd quarter valued at $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Crocs by 159.9% in the first 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 and hedge funds own 93.44% of the company’s stock.

Insider Transactions at Crocs

In related news, Director John B. Replogle acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the acquisition, the director owned 18,417 shares in the company, valued at $1,372,066.50. This trade represents a 19.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

Crocs Stock Up 1.7%

CROX opened at $83.92 on Friday. The business has a 50 day moving average of $86.47 and a 200-day moving average of $85.83. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 27.34 and a beta of 1.54. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $122.84.

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

Wall Street Analyst Weigh In

CROX has been the topic of several recent research reports. Robert W. Baird restated a “neutral” rating and set a $100.00 target price on shares of Crocs in a report on Wednesday, January 7th. Bank of America lowered their price objective on Crocs from $99.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Citigroup downgraded Crocs to a “negative” rating in a research note on Tuesday, October 7th. UBS Group reaffirmed a “neutral” rating on shares of Crocs in a research report on Tuesday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Crocs in a report on Friday, December 5th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $99.25.

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.