Crocs, Inc. (NASDAQ:CROX) Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 17.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 172,010 shares of the textile maker’s stock after buying an additional 25,729 shares during the period. Envestnet Asset Management Inc. owned 0.28% of Crocs worth $25,103,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CROX. Rise Advisors LLC bought a new stake in shares of Crocs during the 1st quarter valued at about $25,000. GHP Investment Advisors Inc. grew its position in shares of Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after buying an additional 180 shares during the last quarter. Quest Partners LLC acquired a new position in Crocs during the 4th quarter valued at about $53,000. Blue Trust Inc. boosted its stake in Crocs by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after purchasing an additional 162 shares during the period. Finally, Gryphon Financial Partners LLC acquired a new position in Crocs during the 4th quarter valued at about $150,000. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In related news, Director John B. Replogle acquired 1,996 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the purchase, the director now owns 7,064 shares in the company, valued at $875,653.44. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the transaction, the director now directly owns 7,064 shares in the company, valued at $875,653.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.

Crocs Stock Up 0.8 %

CROX stock opened at $139.05 on Friday. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $165.32. The company’s 50 day simple moving average is $134.34 and its 200-day simple moving average is $137.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. The firm has a market capitalization of $8.44 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned $3.59 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Crocs, Inc. will post 12.85 EPS for the current year.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Crocs in a research note on Monday, July 29th. Barclays reduced their target price on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Raymond James lowered shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a research note on Friday, August 2nd. Finally, Bank of America upped their price target on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Two 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $160.27.

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.