Crocs, Inc. (NASDAQ:CROX) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 54.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,647 shares of the textile maker’s stock after acquiring an additional 32,254 shares during the quarter. Foster Victor Wealth Advisors LLC owned approximately 0.16% of Crocs worth $9,162,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the last quarter. FMR LLC increased its stake in shares of Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Crocs during the 3rd quarter worth $17,122,000. Motley Fool Wealth Management LLC acquired a new position in shares of Crocs during the 3rd quarter valued at about $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Crocs by 34.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after buying an additional 46,890 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CROX. Monness Crespi & Hardt lowered their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays dropped their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and cut their target price for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. KeyCorp lowered their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Crocs has an average rating of “Moderate Buy” and a consensus target price of $146.80.

Insider Activity

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.72% of the company’s stock.

Crocs Stock Up 1.1 %

Shares of NASDAQ CROX opened at $103.56 on Wednesday. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth 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 firm has a 50-day moving average price of $107.91 and a 200 day moving average price of $122.33. Crocs, Inc. has a 52 week low of $94.50 and a 52 week high of $165.32.

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