Motley Fool Wealth Management LLC Buys New Holdings in Crocs, Inc. (NASDAQ:CROX)

Motley Fool Wealth Management LLC purchased a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 62,817 shares of the textile maker's stock, valued at approximately $9,097,000. Motley Fool Wealth Management LLC owned 0.11% of Crocs as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. raised its holdings in Crocs by 55.8% in the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker's stock worth $5,820,000 after purchasing an additional 14,387 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker's stock worth $3,526,000 after purchasing an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker's stock worth $1,145,000 after purchasing an additional 7,633 shares in the last quarter. Aigen Investment Management LP bought a new position in Crocs in the third quarter worth $2,024,000. Finally, International Assets Investment Management LLC bought a new position in Crocs in the third quarter worth $2,076,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler reiterated an "overweight" rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Guggenheim reduced their price target on Crocs from $182.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Loop Capital downgraded Crocs from a "buy" rating to a "hold" rating and reduced their price target for the company from $150.00 to $110.00 in a report on Thursday, November 7th. KeyCorp reduced their price target on Crocs from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price target on Crocs from $190.00 to $180.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.80.

Insiders Place Their Bets

In related news, Director John B. Replogle acquired 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Susan L. Healy bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company's stock.

Crocs Stock Performance

NASDAQ:CROX traded up $1.89 on Wednesday, hitting $113.14. The stock had a trading volume of 854,717 shares, compared to its average volume of 1,350,801. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.98. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The business's 50-day simple moving average is $120.54 and its two-hundred day simple moving average is $133.99. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.25 earnings per share. As a group, research analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.

Crocs Company Profile

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.