Cassaday & Co Wealth Management LLC Makes New Investment in Crocs, Inc. (NASDAQ:CROX)

Cassaday & Co Wealth Management LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,159 shares of the textile maker’s stock, valued at approximately $236,000.

Other large investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in Crocs by 55.8% during the third 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. raised 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 purchasing an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of 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 buying an additional 7,633 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Crocs in the 3rd quarter valued at approximately $2,024,000. Finally, International Assets Investment Management LLC acquired a new position in Crocs in the third quarter worth approximately $2,076,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CROX. Bank of America lifted their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Monness Crespi & Hardt decreased their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. UBS Group boosted their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Crocs Trading Down 1.2 %

Shares of Crocs stock opened at $107.60 on Friday. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.83 and a beta of 1.93. Crocs, Inc. has a 1 year low of $88.25 and a 1 year high of $165.32. The company’s fifty day simple moving average is $105.39 and its 200-day simple moving average is $118.75. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, sell-side analysts expect that Crocs, Inc. will post 13.2 EPS for the current 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.