2,759 Shares in Crocs, Inc. (NASDAQ:CROX) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC purchased a new position in Crocs, Inc. (NASDAQ:CROX) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 2,759 shares of the textile maker’s stock, valued at approximately $400,000.

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

Crocs Price Performance

Shares of Crocs stock opened at $105.60 on Monday. Crocs, Inc. has a one year low of $85.71 and a one year high of $165.32. The stock’s fifty day moving average is $121.89 and its 200 day moving average is $134.50. The stock has a market cap of $6.15 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.07 and a beta of 2.01. 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 (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $3.25 EPS. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Monness Crespi & Hardt cut their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Insider Buying and Selling

In other Crocs news, Director John B. Replogle purchased 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the acquisition, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction 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 completion of the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

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.