Commonwealth Equity Services LLC Grows Stock Position in Crocs, Inc. (NASDAQ:CROX)

Commonwealth Equity Services LLC boosted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 28.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,004 shares of the textile maker's stock after purchasing an additional 3,517 shares during the quarter. Commonwealth Equity Services LLC's holdings in Crocs were worth $1,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CROX. Clear Harbor Asset Management LLC lifted its stake in Crocs by 3.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after acquiring an additional 100 shares during the period. Valmark Advisers Inc. lifted its position in Crocs by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC boosted its holdings in Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after purchasing an additional 129 shares during the last quarter. UMB Bank n.a. grew its position in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after purchasing an additional 142 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after buying an additional 206 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

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Crocs Price Performance

Shares of NASDAQ CROX traded up $0.21 during mid-day trading on Monday, reaching $106.20. The company's stock had a trading volume of 1,728,089 shares, compared to its average volume of 1,384,782. The stock has a fifty day moving average of $102.78 and a two-hundred day moving average of $112.81. The firm has a market capitalization of $5.95 billion, a PE ratio of 6.64, a P/E/G ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, sell-side analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group raised their price target on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. StockNews.com downgraded Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Robert W. Baird lowered their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Barclays cut their target price on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, Bank of America upped their target price on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $143.53.

Insiders Place Their Bets

In related news, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now owns 89,323 shares of the company's stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

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.