Sheaff Brock Investment Advisors LLC Boosts Stake in Crocs, Inc. (NASDAQ:CROX)

Sheaff Brock Investment Advisors LLC raised its holdings in Crocs, Inc. (NASDAQ:CROX) by 19.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,713 shares of the textile maker’s stock after buying an additional 437 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Crocs were worth $393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CROX. Huntington National Bank lifted its position in shares of Crocs by 178.5% during the 3rd quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock worth $107,000 after purchasing an additional 473 shares during the last quarter. KBC Group NV raised its stake in Crocs by 11.9% during the 3rd quarter. KBC Group NV now owns 1,659 shares of the textile maker’s stock worth $240,000 after acquiring an additional 177 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Crocs by 16.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,374 shares of the textile maker’s stock worth $1,792,000 after acquiring an additional 1,724 shares in the last quarter. Victory Capital Management Inc. raised its stake in Crocs by 40.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,907 shares of the textile maker’s stock worth $3,028,000 after acquiring an additional 5,995 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Crocs during the 3rd quarter worth $2,024,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

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

Crocs Trading Down 2.1 %

NASDAQ CROX opened at $97.78 on Friday. The company’s fifty day simple moving average is $127.81 and its 200-day simple moving average is $136.61. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock has a market cap of $5.70 billion, a P/E ratio of 7.09, a PEG ratio of 1.00 and a beta of 2.01.

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

Analysts Set New Price Targets

A number of research analysts have commented on CROX shares. Monness Crespi & Hardt dropped their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. KeyCorp decreased their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Guggenheim reduced their price target on shares of Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Crocs in a report on Monday, July 29th. Finally, Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.14.

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.