TLW Wealth Management LLC Sells 471 Shares of Crocs, Inc. (NASDAQ:CROX)

TLW Wealth Management LLC lowered its holdings in Crocs, Inc. (NASDAQ:CROX) by 0.4% during the third quarter, HoldingsChannel reports. The fund owned 111,905 shares of the textile maker’s stock after selling 471 shares during the period. Crocs accounts for about 9.6% of TLW Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. TLW Wealth Management LLC’s holdings in Crocs were worth $16,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Davis Investment Partners LLC raised its stake in Crocs by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock worth $1,362,000 after acquiring an additional 77 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Crocs by 8.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after purchasing an additional 85 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Crocs by 8.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 100 shares during the last quarter. 180 Wealth Advisors LLC boosted its position in shares of Crocs by 1.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock valued at $1,036,000 after purchasing an additional 111 shares during the period. Finally, Covestor Ltd grew its stake in Crocs by 10.3% during the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of CROX opened at $102.27 on Wednesday. The company has a market capitalization of $5.96 billion, a PE ratio of 7.40, a P/E/G ratio of 1.04 and a beta of 2.01. Crocs, Inc. has a 52-week low of $79.44 and a 52-week high of $165.32. The company has a 50-day simple moving average of $129.97 and a 200-day simple moving average of $137.34. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.25 EPS. Equities research analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Piper Sandler reissued an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. Robert W. Baird reduced their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Barclays decreased their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.14.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle purchased 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.72% of the company’s stock.

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.