Global Assets Advisory LLC Takes $7.40 Million Position in Crocs, Inc. (NASDAQ:CROX)

Global Assets Advisory LLC purchased a new position in Crocs, Inc. (NASDAQ:CROXFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 51,450 shares of the textile maker’s stock, valued at approximately $7,399,000. Global Assets Advisory LLC owned approximately 0.09% of Crocs at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FCF Advisors LLC boosted its stake in Crocs by 8.5% during the 1st quarter. FCF Advisors LLC now owns 8,153 shares of the textile maker’s stock valued at $1,172,000 after purchasing an additional 637 shares during the last quarter. Washington Capital Management Inc. purchased a new stake in shares of Crocs during the first quarter valued at $676,000. Rheos Capital Works Inc. bought a new stake in Crocs in the 1st quarter worth about $22,720,000. Alaska Permanent Fund Corp raised its position in Crocs by 282.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock worth $2,226,000 after buying an additional 11,428 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in Crocs during the 1st quarter valued at about $25,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Shannon Sisler sold 1,404 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $149.96, for a total value of $210,543.84. Following the completion of the sale, the executive vice president now owns 37,103 shares of the company’s stock, valued at $5,563,965.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Anne Mehlman sold 7,150 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $159.01, for a total transaction of $1,136,921.50. Following the completion of the sale, the executive vice president now owns 143,075 shares in the company, valued at approximately $22,750,355.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shannon Sisler sold 1,404 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $149.96, for a total transaction of $210,543.84. Following the completion of the transaction, the executive vice president now owns 37,103 shares in the company, valued at $5,563,965.88. The disclosure for this sale can be found here. Insiders have sold 30,178 shares of company stock worth $4,597,445 over the last quarter. Insiders own 2.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Crocs from $124.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Williams Trading restated a “hold” rating and issued a $125.00 price target (down from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Wedbush upped their price objective on Crocs from $156.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. KeyCorp raised their target price on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Finally, Barclays upped their price target on shares of Crocs from $167.00 to $169.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.83.

View Our Latest Analysis on Crocs

Crocs Price Performance

CROX traded down $2.15 during trading hours on Monday, hitting $152.59. The company’s stock had a trading volume of 1,418,198 shares, compared to its average volume of 1,353,699. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.79 and a beta of 1.97. The business’s 50-day moving average price is $141.21 and its 200-day moving average price is $123.50. The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 1.08.

Crocs (NASDAQ:CROXGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The firm had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. During the same quarter last year, the firm earned $2.61 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts expect that Crocs, Inc. will post 12.66 earnings per share for the current fiscal year.

Crocs Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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