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

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

Other hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its stake in shares of Crocs by 55.8% during the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after acquiring an additional 14,387 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Crocs by 585.5% during the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after buying an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 7,633 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Crocs in the 3rd quarter worth approximately $2,024,000. Finally, International Assets Investment Management LLC acquired a new position in Crocs in the 3rd quarter valued at $2,076,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

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

Crocs Stock Up 1.4 %

Shares of NASDAQ:CROX opened at $111.25 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32. The company’s fifty day moving average is $121.21 and its two-hundred day moving average is $134.20. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.98.

Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. During the same period in the prior year, the company earned $3.25 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Needham & Company LLC assumed coverage on Crocs in a report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price target for the company. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. UBS Group reduced their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Monness Crespi & Hardt dropped their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Robert W. Baird decreased 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 research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus price target of $148.80.

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.