4,304 Shares in Crocs, Inc. (NASDAQ:CROX) Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC acquired a new position in Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,304 shares of the textile maker’s stock, valued at approximately $471,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in Crocs by 23.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,189 shares of the textile maker’s stock worth $3,068,000 after acquiring an additional 4,051 shares during the period. QRG Capital Management Inc. raised its stake in Crocs by 15.9% during the 3rd quarter. QRG Capital Management Inc. now owns 2,213 shares of the textile maker’s stock worth $320,000 after acquiring an additional 303 shares during the period. Covestor Ltd raised its stake in Crocs by 10.3% during the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after acquiring an additional 114 shares during the period. Sigma Planning Corp raised its stake in Crocs by 36.7% during the 3rd quarter. Sigma Planning Corp now owns 7,099 shares of the textile maker’s stock worth $1,028,000 after acquiring an additional 1,906 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in Crocs by 55.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after acquiring an additional 14,387 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Trading Up 1.3 %

Shares of CROX opened at $101.10 on Tuesday. The company’s fifty day moving average is $103.52 and its 200 day moving average is $116.05. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The stock has a market capitalization of $5.67 billion, a PE ratio of 6.32, a P/E/G ratio of 1.80 and a beta of 1.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CROX shares. UBS Group raised their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. KeyCorp decreased their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim reduced their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Robert W. Baird reduced their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Insiders Place Their Bets

In other Crocs news, EVP Adam Michaels sold 15,000 shares of Crocs 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 transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The stock was 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. The trade was a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

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.