Crocs, Inc. (NASDAQ:CROX) Stake Lowered by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,854 shares of the textile maker’s stock after selling 6,963 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.10% of Crocs worth $6,068,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Crocs during the 3rd quarter valued at about $73,000. Jones Financial Companies Lllp increased its stake in shares of Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 206 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Crocs during the fourth quarter valued at approximately $96,000. Finally, Quarry LP acquired a new position in shares of Crocs during the third quarter worth approximately $104,000. 93.44% of the stock is currently owned by institutional investors.

Crocs Stock Up 1.5 %

NASDAQ:CROX opened at $112.59 on Wednesday. The business’s fifty day moving average price is $102.39 and its 200 day moving average price is $113.19. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.80 and a beta of 1.84. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32.

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

Insider Activity at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CROX shares. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Wednesday, March 12th. Robert W. Baird reduced their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Barclays lowered their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Finally, StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

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.