Crocs, Inc. (NASDAQ:CROX) Holdings Lifted by TLW Wealth Management LLC

TLW Wealth Management LLC grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,032 shares of the textile maker’s stock after acquiring an additional 127 shares during the quarter. Crocs accounts for approximately 7.3% of TLW Wealth Management LLC’s holdings, making the stock its 7th biggest holding. TLW Wealth Management LLC owned approximately 0.19% of Crocs worth $12,271,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. increased its stake in shares of Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares during the period. UMB Bank n.a. increased its stake in shares of Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares during the period. V Square Quantitative Management LLC increased its stake in shares of Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after buying an additional 142 shares during the period. Avior Wealth Management LLC increased its stake in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Crocs in the third quarter worth $73,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Price Performance

NASDAQ CROX opened at $104.77 on Thursday. Crocs, Inc. has a 52 week low of $94.50 and a 52 week high of $165.32. The firm has a market capitalization of $6.11 billion, a P/E ratio of 7.60, a PEG ratio of 1.79 and a beta of 1.95. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $108.03 and a 200-day moving average price of $122.21.

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

Insider Buying and Selling

In related news, CFO Susan L. Healy acquired 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CROX has been the topic of several recent analyst reports. Monness Crespi & Hardt cut their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. KeyCorp cut their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Needham & Company LLC began coverage on shares of Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 target price on the stock. Guggenheim restated a “buy” rating and set a $155.00 target price on shares of Crocs in a report on Friday, December 6th. Finally, Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and dropped their target price for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $146.80.

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.