Cassaday & Co Wealth Management LLC Takes Position in Crocs, Inc. (NASDAQ:CROX)

Cassaday & Co Wealth Management LLC bought a new position in Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, HoldingsChannel reports. The fund bought 2,159 shares of the textile maker’s stock, valued at approximately $236,000.

A number of other hedge funds have also made changes to their positions in the company. Creative Planning increased its holdings in shares of Crocs by 7.6% during the third quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock worth $780,000 after buying an additional 382 shares in the last quarter. Blue Trust Inc. grew its position in Crocs by 63.4% during the 3rd quarter. Blue Trust Inc. now owns 1,636 shares of the textile maker’s stock worth $239,000 after acquiring an additional 635 shares during the last quarter. Private Advisor Group LLC grew its position in Crocs by 23.2% during the 3rd quarter. Private Advisor Group LLC now owns 19,044 shares of the textile maker’s stock worth $2,758,000 after acquiring an additional 3,584 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Crocs during the 3rd quarter valued at $2,076,000. Finally, Impact Partnership Wealth LLC bought a new position in Crocs in the 3rd quarter valued at $235,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. KeyCorp decreased their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and decreased their price target for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Finally, Robert W. Baird dropped their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Crocs Stock Down 1.2 %

Shares of Crocs stock opened at $107.60 on Friday. The business has a fifty day simple moving average of $105.39 and a 200 day simple moving average of $118.75. The stock has a market cap of $6.03 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.93. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32.

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

Insider Activity at Crocs

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

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.