Commonwealth Equity Services LLC grew its position in shares of Crocs, Inc. (NASDAQ:CROX – Get Rating) by 301.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,780 shares of the textile maker’s stock after purchasing an additional 56,156 shares during the period. Commonwealth Equity Services LLC owned about 0.12% of Crocs worth $8,108,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CROX. Lindbrook Capital LLC increased its holdings in Crocs by 246.4% during the 4th quarter. Lindbrook Capital LLC now owns 239 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 170 shares during the period. Ellevest Inc. grew its holdings in shares of Crocs by 6,750.0% during the 3rd quarter. Ellevest Inc. now owns 411 shares of the textile maker’s stock worth $28,000 after acquiring an additional 405 shares during the period. Quent Capital LLC purchased a new position in shares of Crocs during the 4th quarter worth approximately $54,000. Wipfli Financial Advisors LLC purchased a new position in shares of Crocs during the 3rd quarter worth approximately $56,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Crocs by 269.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 915 shares of the textile maker’s stock worth $63,000 after buying an additional 667 shares during the last quarter. Institutional investors own 84.95% of the company’s stock.
Insider Transactions at Crocs
In other news, President Michelle Poole sold 11,055 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $130.61, for a total transaction of $1,443,893.55. Following the transaction, the president now directly owns 134,102 shares of the company’s stock, valued at $17,515,062.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, President Michelle Poole sold 11,055 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $130.61, for a total value of $1,443,893.55. Following the transaction, the president now directly owns 134,102 shares of the company’s stock, valued at approximately $17,515,062.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Smach bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $113.15 per share, for a total transaction of $339,450.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at $339,450. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 55,735 shares of company stock valued at $7,581,640. Corporate insiders own 2.71% of the company’s stock.
Crocs Stock Up 2.0 %
Crocs (NASDAQ:CROX – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The textile maker reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.46. The firm had revenue of $884.20 million during the quarter, compared to the consensus estimate of $857.76 million. Crocs had a net margin of 16.33% and a return on equity of 98.41%. The company’s revenue was up 33.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Research analysts anticipate that Crocs, Inc. will post 11.53 earnings per share for the current year.
Analysts Set New Price Targets
CROX has been the topic of several recent research reports. B. Riley upped their price target on Crocs from $157.00 to $159.00 in a research note on Friday, April 28th. 500.com restated a “maintains” rating on shares of Crocs in a research note on Friday, April 28th. TheStreet upgraded Crocs from a “c+” rating to a “b” rating in a research note on Monday, January 30th. Loop Capital upped their price objective on Crocs from $165.00 to $185.00 in a research note on Friday, February 17th. Finally, StockNews.com started coverage on Crocs in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.00.
About Crocs
Crocs, Inc engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand.
Read More
- Get a free copy of the StockNews.com research report on Crocs (CROX)
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