IFP Advisors Inc Purchases 474 Shares of Crocs, Inc. (NASDAQ:CROX)

IFP Advisors Inc boosted its position in Crocs, Inc. (NASDAQ:CROX) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,062 shares of the textile maker’s stock after acquiring an additional 474 shares during the period. IFP Advisors Inc’s holdings in Crocs were worth $446,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CROX. Pacer Advisors Inc. boosted its holdings in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after acquiring an additional 577,467 shares during the last quarter. FMR LLC boosted 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 valued at $1,289,908,000 after acquiring an additional 406,287 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Crocs in the third quarter valued at about $17,122,000. Motley Fool Wealth Management LLC bought a new position in Crocs in the third quarter valued at about $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Crocs by 34.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after acquiring an additional 46,890 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Down 1.3 %

Shares of Crocs stock opened at $99.57 on Friday. The business’s 50 day simple moving average is $104.78 and its 200 day simple moving average is $117.83. Crocs, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32. The firm has a market cap of $5.58 billion, a PE ratio of 6.23, a P/E/G ratio of 1.80 and a beta of 1.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CROX has been the topic of several recent research reports. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Bank of America raised their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Robert W. Baird reduced their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. UBS Group raised their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, Guggenheim reduced their target price on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus price target of $143.53.

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.