Merit Financial Group LLC Increases Holdings in Crocs, Inc. (NASDAQ:CROX)

Merit Financial Group LLC lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,037 shares of the textile maker’s stock after acquiring an additional 2,517 shares during the quarter. Merit Financial Group LLC owned approximately 0.07% of Crocs worth $4,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. lifted its position in shares of Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares during the period. UMB Bank n.a. grew its stake in 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 purchasing an additional 120 shares during the period. V Square Quantitative Management LLC raised its holdings in 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 purchasing an additional 142 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Crocs in the 3rd quarter worth about $73,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of CROX stock opened at $99.97 on Friday. The firm has a market capitalization of $5.83 billion, a PE ratio of 7.25, a P/E/G ratio of 1.90 and a beta of 1.95. The company has a 50 day moving average price of $107.41 and a 200-day moving average price of $124.47. Crocs, Inc. has a 52 week low of $94.50 and a 52 week high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The business 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 company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.25 EPS. As a group, equities research analysts expect that Crocs, Inc. will post 12.92 earnings per share for the current year.

Insider Activity at Crocs

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

Analyst Ratings Changes

CROX has been the subject of a number of recent research reports. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and lowered their price target for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. KeyCorp cut their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird lowered their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $155.00 price target on shares of Crocs in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

About Crocs

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.