Crocs, Inc. (CROX) is Fairhaven Wealth Management LLC’s 7th Largest Position

Fairhaven Wealth Management LLC raised its stake in Crocs, Inc. (NASDAQ:CROX) by 45.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 181,157 shares of the textile maker’s stock after purchasing an additional 56,701 shares during the period. Crocs accounts for approximately 4.4% of Fairhaven Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Fairhaven Wealth Management LLC’s holdings in Crocs were worth $4,665,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CROX. BlackRock Inc. grew its stake in shares of Crocs by 0.6% in the fourth quarter. BlackRock Inc. now owns 10,192,033 shares of the textile maker’s stock valued at $264,789,000 after acquiring an additional 64,014 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Crocs by 5.8% in the third quarter. Vanguard Group Inc. now owns 9,024,188 shares of the textile maker’s stock valued at $192,125,000 after acquiring an additional 492,196 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Crocs by 5.8% in the third quarter. Vanguard Group Inc now owns 9,024,188 shares of the textile maker’s stock valued at $192,125,000 after acquiring an additional 492,196 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Crocs by 4.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,613,772 shares of the textile maker’s stock valued at $41,926,000 after acquiring an additional 69,897 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Crocs in the fourth quarter valued at about $40,259,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Several research firms recently commented on CROX. Pivotal Research restated a “buy” rating and issued a $35.00 price target (up from $33.00) on shares of Crocs in a research note on Tuesday, January 15th. BidaskClub upgraded shares of Crocs from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 27th. Susquehanna Bancshares upgraded shares of Crocs from a “neutral” rating to a “positive” rating and set a $28.80 price target on the stock in a research note on Wednesday, January 2nd. TheStreet downgraded shares of Crocs from a “b-” rating to a “c-” rating in a research note on Wednesday, March 20th. Finally, Monness Crespi & Hardt upgraded shares of Crocs from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, February 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Crocs has an average rating of “Buy” and a consensus price target of $27.63.

CROX opened at $27.40 on Friday. Crocs, Inc. has a twelve month low of $14.98 and a twelve month high of $31.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.39. The stock has a market cap of $2.02 billion, a P/E ratio of 31.86, a PEG ratio of 1.78 and a beta of 0.64.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 28th. The textile maker reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.12. Crocs had a net margin of 4.27% and a return on equity of 27.23%. The business had revenue of $215.99 million during the quarter, compared to analysts’ expectations of $213.40 million. During the same quarter in the prior year, the business posted ($0.27) earnings per share. As a group, analysts anticipate that Crocs, Inc. will post 0.99 EPS for the current fiscal year.

In related news, Director Thomas J. Smach sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $26.71, for a total transaction of $267,100.00. Following the completion of the sale, the director now owns 135,262 shares of the company’s stock, valued at $3,612,848.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

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Crocs Profile

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, flips and slides, shoes, and boots under the Crocs brand name.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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