Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lifted its position in Crocs, Inc. (NASDAQ:CROX) by 82.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 101,978 shares of the textile maker’s stock after acquiring an additional 46,124 shares during the period. Motley Fool Wealth Management LLC’s holdings in Crocs were worth $10,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of Crocs by 29.6% in the 1st quarter. Victory Capital Management Inc. now owns 36,563 shares of the textile maker’s stock valued at $3,883,000 after buying an additional 8,353 shares during the period. Walter Public Investments Inc. boosted its holdings in shares of Crocs by 5.6% in the 1st quarter. Walter Public Investments Inc. now owns 70,475 shares of the textile maker’s stock valued at $7,484,000 after buying an additional 3,736 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Crocs by 184.3% in the 1st quarter. D.A. Davidson & CO. now owns 7,083 shares of the textile maker’s stock valued at $752,000 after buying an additional 4,592 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Crocs in the 4th quarter valued at about $419,000. Finally, PFG Investments LLC acquired a new position in shares of Crocs in the 1st quarter valued at about $1,297,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Up 1.1%

Shares of Crocs stock opened at $75.24 on Monday. The business’s fifty day moving average price is $101.82 and its two-hundred day moving average price is $102.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97. The company has a market capitalization of $4.11 billion, a P/E ratio of 20.17, a PEG ratio of 1.56 and a beta of 1.41. Crocs, Inc. has a 1-year low of $73.76 and a 1-year high of $151.13.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.22. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.01 EPS. As a group, research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CROX shares. UBS Group set a $90.00 price objective on Crocs in a research report on Sunday. Monness Crespi & Hardt reduced their price objective on Crocs from $140.00 to $92.00 and set a “buy” rating for the company in a research report on Friday. The Goldman Sachs Group reduced their price objective on Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a research report on Tuesday, July 22nd. Barclays restated an “equal weight” rating and set a $81.00 price objective (down previously from $119.00) on shares of Crocs in a research report on Friday. Finally, Bank of America reduced their price objective on Crocs from $135.00 to $99.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.31.

About Crocs

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.