180 Wealth Advisors LLC Purchases 1,321 Shares of Crocs, Inc. (NASDAQ:CROX)

180 Wealth Advisors LLC boosted its position in Crocs, Inc. (NASDAQ:CROX) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,380 shares of the textile maker’s stock after purchasing an additional 1,321 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Crocs were worth $918,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after purchasing an additional 406,287 shares in the last quarter. State Street Corp increased its holdings in shares of Crocs by 0.7% during the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after acquiring an additional 13,467 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Crocs by 33.8% during the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock valued at $211,372,000 after acquiring an additional 368,557 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Crocs by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after acquiring an additional 11,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after acquiring an additional 89,610 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 3.9 %

Crocs stock opened at $105.77 on Tuesday. The business has a 50-day simple moving average of $107.40 and a two-hundred day simple moving average of $125.54. The company has a market cap of $6.16 billion, a P/E ratio of 7.67, a P/E/G ratio of 1.14 and a beta of 1.95. Crocs, Inc. has a 52-week low of $94.50 and a 52-week high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

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

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were bought 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 owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Replogle purchased 2,240 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now owns 9,304 shares in the company, valued at $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 corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CROX. Needham & Company LLC began coverage on Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 price target for the company. 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. Barclays reduced their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, 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 report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs 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.