Envestnet Asset Management Inc. Acquires 10,792 Shares of Crocs, Inc. (NASDAQ:CROX)

Envestnet Asset Management Inc. increased its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,533 shares of the textile maker's stock after purchasing an additional 10,792 shares during the quarter. Envestnet Asset Management Inc. owned 0.34% of Crocs worth $21,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CROX. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Crocs by 5.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 66,503 shares of the textile maker's stock worth $7,284,000 after acquiring an additional 3,155 shares during the last quarter. Aviva PLC increased its holdings in Crocs by 23.0% during the 4th quarter. Aviva PLC now owns 5,822 shares of the textile maker's stock worth $638,000 after purchasing an additional 1,087 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Crocs by 35.6% in the 4th quarter. Wells Fargo & Company MN now owns 20,744 shares of the textile maker's stock valued at $2,272,000 after purchasing an additional 5,448 shares in the last quarter. Riverwater Partners LLC boosted its stake in shares of Crocs by 0.9% during the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock valued at $2,188,000 after buying an additional 177 shares during the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Crocs during the fourth quarter worth approximately $887,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by corporate insiders.

Crocs Stock Up 2.3 %

CROX traded up $2.05 during trading on Friday, reaching $90.72. The company had a trading volume of 1,385,259 shares, compared to its average volume of 1,454,018. The business's fifty day moving average price is $101.58 and its 200 day moving average price is $108.62. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The company has a market cap of $5.09 billion, a P/E ratio of 5.67, a PEG ratio of 1.80 and a beta of 1.62. 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 released its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Equities analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CROX. Guggenheim reduced their price target on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. UBS Group increased their target price on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. KeyCorp lowered their price target on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Piper Sandler reduced their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com lowered shares of Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Crocs has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

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.