262 Shares in Crocs, Inc. (NASDAQ:CROX) Purchased by EverSource Wealth Advisors LLC

Posted by on May 20th, 2023

EverSource Wealth Advisors LLC purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 262 shares of the textile maker’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. grew its holdings in Crocs by 3.9% during the first quarter. BlackRock Inc. now owns 6,646,713 shares of the textile maker’s stock worth $507,811,000 after purchasing an additional 247,828 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Crocs by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,836,304 shares of the textile maker’s stock worth $445,893,000 after acquiring an additional 226,669 shares during the period. State Street Corp boosted its holdings in shares of Crocs by 2.1% during the third quarter. State Street Corp now owns 1,947,045 shares of the textile maker’s stock worth $133,684,000 after acquiring an additional 40,052 shares during the period. Marshall Wace LLP boosted its holdings in shares of Crocs by 295.6% during the third quarter. Marshall Wace LLP now owns 1,717,628 shares of the textile maker’s stock worth $117,936,000 after acquiring an additional 1,283,455 shares during the period. Finally, Samlyn Capital LLC boosted its holdings in shares of Crocs by 15.7% during the third quarter. Samlyn Capital LLC now owns 1,048,092 shares of the textile maker’s stock worth $71,962,000 after acquiring an additional 142,261 shares during the period. Institutional investors own 84.95% of the company’s stock.

Crocs Stock Performance

Shares of CROX opened at $109.00 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $6.76 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 0.67 and a beta of 1.94. The firm’s fifty day simple moving average is $124.23 and its two-hundred day simple moving average is $114.24. Crocs, Inc. has a 12 month low of $46.08 and a 12 month high of $151.32.

Crocs (NASDAQ:CROX – Get Rating) last posted its earnings results on Thursday, April 27th. The textile maker reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.46. Crocs had a net margin of 16.33% and a return on equity of 98.41%. The company had revenue of $884.20 million for the quarter, compared to analyst estimates of $857.76 million. During the same quarter in the prior year, the business posted $2.05 EPS. The firm’s revenue was up 33.9% compared to the same quarter last year. As a group, analysts predict that Crocs, Inc. will post 11.55 EPS for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $150.05, for a total value of $1,500,500.00. Following the completion of the sale, the chief executive officer now owns 89,748 shares in the company, valued at approximately $13,466,687.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $150.05, for a total value of $1,500,500.00. Following the completion of the transaction, the chief executive officer now directly owns 89,748 shares of the company’s stock, valued at approximately $13,466,687.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas J. Smach acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average cost of $113.15 per share, with a total value of $339,450.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at approximately $339,450. The disclosure for this purchase can be found here. Company insiders own 2.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Crocs in a research report on Thursday. They issued a “hold” rating for the company. Loop Capital lifted their price target on shares of Crocs from $165.00 to $185.00 in a research report on Friday, February 17th. Robert W. Baird lifted their price target on shares of Crocs from $175.00 to $185.00 in a research report on Friday, April 28th. 500.com restated a “maintains” rating on shares of Crocs in a research report on Friday, April 28th. Finally, OTR Global upgraded shares of Crocs from a “mixed” rating to a “positive” rating in a research report on Monday, April 17th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.00.

Crocs Profile

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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.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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