Moran Wealth Management LLC Purchases New Shares in Crocs, Inc. (NASDAQ:CROX)

Moran Wealth Management LLC acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 5,838 shares of the textile maker’s stock, valued at approximately $845,000.

A number of other hedge funds have also bought and sold shares of CROX. Crossmark Global Holdings Inc. grew its holdings in Crocs by 55.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after purchasing an additional 14,387 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after acquiring an additional 20,797 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in Crocs by 2,775.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after acquiring an additional 7,633 shares during the period. Aigen Investment Management LP bought a new position in Crocs in the 3rd quarter valued at $2,024,000. Finally, International Assets Investment Management LLC purchased a new stake in Crocs in the third quarter worth $2,076,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In other news, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Replogle acquired 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CROX. Guggenheim decreased their price objective on shares of Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and issued a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Monness Crespi & Hardt lowered their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group cut their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.14.

Crocs Stock Up 3.3 %

Crocs stock opened at $101.81 on Friday. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32. The business has a fifty day moving average price of $125.57 and a 200-day moving average price of $135.88. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.99 and a beta of 2.01.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $3.25 EPS. Crocs’s revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

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.