TLW Wealth Management LLC Has $12.27 Million Holdings in Crocs, Inc. (NASDAQ:CROX)

TLW Wealth Management LLC grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 0.1% in the fourth quarter, Holdings Channel reports. The fund owned 112,032 shares of the textile maker’s stock after buying an additional 127 shares during the quarter. Crocs makes up about 7.3% of TLW Wealth Management LLC’s portfolio, making the stock its 7th biggest position. TLW Wealth Management LLC’s holdings in Crocs were worth $12,271,000 at the end of the most recent quarter.

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

Crocs Stock Up 1.2 %

Shares of CROX opened at $104.77 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a one year low of $94.50 and a one year high of $165.32. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.79 and a beta of 1.95. The stock has a 50 day moving average price of $108.03 and a 200 day moving average price of $122.21.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business earned $3.25 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CROX. UBS Group cut their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Barclays lowered their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and lowered their price target for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC started coverage on Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. Five 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $146.80.

Insider Buying and Selling at Crocs

In related news, CFO Susan L. Healy bought 1,000 shares of the company’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 directly owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.72% of the stock is owned by company 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.