Private Advisor Group LLC Raises Position in Crocs, Inc. (NASDAQ:CROX)

Private Advisor Group LLC raised its holdings in Crocs, Inc. (NASDAQ:CROXFree Report) by 73.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,803 shares of the textile maker’s stock after buying an additional 6,248 shares during the quarter. Private Advisor Group LLC’s holdings in Crocs were worth $1,306,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Crocs by 3.9% in the 1st quarter. BlackRock Inc. now owns 6,646,713 shares of the textile maker’s stock worth $507,811,000 after purchasing an additional 247,828 shares during the period. Vanguard Group Inc. lifted its position in Crocs by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,836,304 shares of the textile maker’s stock valued at $445,893,000 after buying an additional 226,669 shares in the last quarter. Marshall Wace LLP grew its stake in Crocs by 39.1% during the second quarter. Marshall Wace LLP now owns 2,100,807 shares of the textile maker’s stock worth $236,215,000 after buying an additional 590,956 shares during the period. State Street Corp increased its position in shares of Crocs by 1.8% in the first quarter. State Street Corp now owns 2,010,638 shares of the textile maker’s stock worth $254,225,000 after acquiring an additional 36,361 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Crocs by 97.9% in the 4th quarter. Morgan Stanley now owns 1,300,768 shares of the textile maker’s stock valued at $141,042,000 after acquiring an additional 643,578 shares during the period. 90.09% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

Crocs stock opened at $103.94 on Wednesday. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $151.32. The company has a current ratio of 1.51, a quick ratio of 0.91 and a debt-to-equity ratio of 1.60. The stock has a market cap of $6.30 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 1.33 and a beta of 1.93. The stock has a 50 day moving average of $100.50 and a 200-day moving average of $96.51.

Crocs (NASDAQ:CROXGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The textile maker reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Crocs had a net margin of 17.14% and a return on equity of 72.21%. On average, analysts expect that Crocs, Inc. will post 11.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CROX. Wedbush upped their price target on shares of Crocs from $96.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Stifel Nicolaus increased their target price on Crocs from $121.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Bank of America assumed coverage on Crocs in a research report on Tuesday, December 12th. They set a “buy” rating and a $128.00 price target on the stock. StockNews.com initiated coverage on shares of Crocs in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Raymond James boosted their target price on shares of Crocs from $115.00 to $120.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.29.

Check Out Our Latest Report on CROX

Insider Buying and Selling

In other Crocs news, EVP Adam Michaels sold 3,872 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $110.19, for a total transaction of $426,655.68. Following the sale, the executive vice president now owns 102,531 shares in the company, valued at $11,297,890.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Crocs news, EVP Adam Michaels sold 3,872 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $110.19, for a total transaction of $426,655.68. Following the completion of the sale, the executive vice president now owns 102,531 shares in the company, valued at $11,297,890.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 3,099 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $105.00, for a total transaction of $325,395.00. Following the completion of the transaction, the executive vice president now owns 31,458 shares in the company, valued at $3,303,090. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,092 shares of company stock worth $1,485,514. Corporate insiders own 2.69% of the company’s stock.

Crocs Company Profile

(Free Report)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, shoe charms, and slippers under the Crocs brand name.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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