IFP Advisors Inc Acquires 474 Shares of Crocs, Inc. (NASDAQ:CROX)

IFP Advisors Inc lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,062 shares of the textile maker’s stock after purchasing an additional 474 shares during the quarter. IFP Advisors Inc’s holdings in Crocs were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Clear Harbor Asset Management LLC boosted its stake in shares of Crocs by 3.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after acquiring an additional 100 shares during the period. Covestor Ltd boosted its stake in Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock valued at $178,000 after purchasing an additional 114 shares during the period. Valmark Advisers Inc. boosted its stake in Crocs by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock valued at $726,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC boosted its stake in Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock valued at $157,000 after purchasing an additional 129 shares during the period. Finally, UMB Bank n.a. boosted its stake in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Insider Transactions at Crocs

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

Crocs Price Performance

Crocs stock opened at $99.57 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32. The stock has a market capitalization of $5.58 billion, a P/E ratio of 6.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.93. The stock has a fifty day moving average of $104.78 and a 200-day moving average of $117.83.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group boosted their price target on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Guggenheim reduced their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Bank of America boosted their price target on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Robert W. Baird reduced their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, KeyCorp dropped their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.53.

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.