Pinnacle Wealth Planning Services Inc. Takes Position in Crocs, Inc. (NASDAQ:CROX)

Pinnacle Wealth Planning Services Inc. bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the first quarter, HoldingsChannel.com reports. The firm bought 2,235 shares of the textile maker’s stock, valued at approximately $321,000.

A number of other hedge funds have also recently bought and sold shares of the company. Mizuho Markets Americas LLC acquired a new stake in Crocs during the first quarter worth approximately $568,000. Banco BTG Pactual S.A. acquired a new stake in Crocs during the first quarter worth approximately $252,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Crocs during the first quarter worth approximately $214,000. Blair William & Co. IL acquired a new stake in Crocs during the first quarter worth approximately $262,000. Finally, Edmond DE Rothschild Holding S.A. boosted its position in Crocs by 7.3% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 16,865 shares of the textile maker’s stock worth $2,425,000 after acquiring an additional 1,142 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CROX. Williams Trading restated a “hold” rating and set a $125.00 target price (down previously from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Wedbush increased their price target on shares of Crocs from $156.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. OTR Global raised shares of Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Monness Crespi & Hardt increased their price target on shares of Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, UBS Group cut their price target on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $154.67.

Insiders Place Their Bets

In other news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now directly owns 79,748 shares of the company’s stock, valued at approximately $12,771,642.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $140.32, for a total value of $1,427,615.68. Following the sale, the director now directly owns 115,339 shares in the company, valued at approximately $16,184,368.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the completion of the sale, the chief executive officer now owns 79,748 shares in the company, valued at $12,771,642.20. The disclosure for this sale can be found here. Insiders sold a total of 30,178 shares of company stock valued at $4,597,445 in the last ninety days. Corporate insiders own 2.72% of the company’s stock.

Crocs Trading Up 1.5 %

Shares of CROX stock traded up $1.95 during mid-day trading on Friday, reaching $133.50. The company’s stock had a trading volume of 1,729,428 shares, compared to its average volume of 1,185,918. The company’s 50 day simple moving average is $147.60 and its 200-day simple moving average is $129.24. The firm has a market capitalization of $8.10 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.48 and a beta of 2.00. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $165.32. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. The business had revenue of $938.60 million during the quarter, compared to analyst estimates of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $2.61 EPS. On average, research analysts predict that Crocs, Inc. will post 12.7 EPS for the current fiscal year.

Crocs 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.