Avior Wealth Management LLC Purchases 208 Shares of Crocs, Inc. (NASDAQ:CROX)

Avior Wealth Management LLC raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 109.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 398 shares of the textile maker’s stock after purchasing an additional 208 shares during the quarter. Avior Wealth Management LLC’s holdings in Crocs were worth $58,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. increased its stake in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after acquiring an additional 180 shares during the period. UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 120 shares during the period. V Square Quantitative Management LLC grew its stake in shares of 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 acquiring an additional 142 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Crocs by 178.5% in the third quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock worth $107,000 after buying an additional 473 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CROX. Needham & Company LLC began coverage on shares of Crocs in a report on Friday. They issued a “buy” rating and a $116.00 price objective on the stock. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. KeyCorp lowered their price target on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Monness Crespi & Hardt lowered their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average target price of $148.80.

Insider Buying and Selling

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

Crocs Trading Up 4.2 %

Crocs stock opened at $106.08 on Monday. The stock has a market cap of $6.18 billion, a P/E ratio of 7.69, a PEG ratio of 1.03 and a beta of 2.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs, Inc. has a 1 year low of $85.71 and a 1 year high of $165.32. The firm’s 50 day moving average price is $125.11 and its 200-day moving average price is $135.74.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $3.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

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.