TD Private Client Wealth LLC Buys 567 Shares of Crocs, Inc. (NASDAQ:CROX)

TD Private Client Wealth LLC increased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,812 shares of the textile maker’s stock after buying an additional 567 shares during the quarter. TD Private Client Wealth LLC’s holdings in Crocs were worth $198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares during the period. FMR LLC raised its holdings in Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after buying an additional 406,287 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Crocs during the third quarter worth $17,122,000. Motley Fool Wealth Management LLC bought a new position in shares of Crocs in the third quarter valued at $9,097,000. Finally, Contrarius Group Holdings Ltd bought a new stake in shares of Crocs during the fourth quarter worth about $6,259,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CROX. Robert W. Baird cut their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Wednesday, March 12th. Bank of America increased their price target on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Finally, KeyCorp reduced their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Price Performance

Crocs stock opened at $112.59 on Wednesday. The firm has a market capitalization of $6.31 billion, a P/E ratio of 7.04, a PEG ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The business has a fifty day moving average price of $102.39 and a 200-day moving average price of $113.19.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, equities research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

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.