Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,393 shares of the textile maker’s stock after acquiring an additional 3,695 shares during the quarter. Foster Victor Wealth Advisors LLC owned 0.10% of Crocs worth $8,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rise Advisors LLC purchased a new position in shares of Crocs during the 1st quarter worth $25,000. GHP Investment Advisors Inc. lifted its holdings in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 180 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the period. Blue Trust Inc. raised its holdings in Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after buying an additional 162 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Crocs by 8.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after buying an additional 85 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Up 0.7 %

Crocs stock opened at $140.45 on Wednesday. The company has a market capitalization of $8.53 billion, a P/E ratio of 10.87, a P/E/G ratio of 1.35 and a beta of 1.99. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $137.80 and its 200-day simple moving average is $138.73.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. Crocs’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.59 earnings per share. Sell-side analysts forecast that Crocs, Inc. will post 12.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CROX. Guggenheim assumed coverage on Crocs in a research note on Wednesday, October 9th. They set a “buy” rating and a $182.00 price target for the company. Bank of America increased their price objective on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, June 20th. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday. KeyCorp boosted their target price on Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Finally, Barclays decreased their target price on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and a consensus price target of $162.58.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle bought 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $123.96 per share, with a total value of $247,424.16. Following the completion of the purchase, the director now owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, with a total value of $247,424.16. Following the completion of the purchase, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Crocs Company 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.