Motley Fool Asset Management LLC Has $1.82 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

Motley Fool Asset Management LLC increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 48.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,859 shares of the textile maker’s stock after purchasing an additional 4,179 shares during the period. Motley Fool Asset Management LLC’s holdings in Crocs were worth $1,821,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew its stake in Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after purchasing an additional 180 shares during the period. Financial Management Professionals Inc. grew its stake in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the period. UMB Bank n.a. grew its stake in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC grew its stake in Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares during the period. Finally, Avior Wealth Management LLC grew its stake in Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CROX shares. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and reduced their price objective for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. UBS Group reduced their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird reduced their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC initiated coverage on Crocs in a report on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price on the stock. Finally, StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Stock Performance

Shares of Crocs stock opened at $113.28 on Thursday. The business’s fifty day simple moving average is $120.54 and its 200 day simple moving average is $133.99. The firm has a market capitalization of $6.60 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.98. Crocs, Inc. has a 12 month low of $85.71 and a 12 month high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last issued its quarterly 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. The business had revenue of $1.06 billion for 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%. Crocs’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $3.25 earnings per share. As a group, analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current year.

Insider Buying and Selling at Crocs

In other news, Director John B. Replogle bought 2,240 shares of the stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the purchase, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, 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. Corporate insiders own 2.72% of the company’s stock.

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.