First Trust Direct Indexing L.P. Buys Shares of 2,283 Crocs, Inc. (NASDAQ:CROX)

First Trust Direct Indexing L.P. acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,283 shares of the textile maker’s stock, valued at approximately $213,000.

A number of other hedge funds also recently made changes to their positions in CROX. WIT Partners Advisory Pte. Ltd. bought a new position in shares of Crocs during the fourth quarter worth about $266,431,000. AQR Capital Management LLC raised its position in shares of Crocs by 141.1% during the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock worth $63,574,000 after acquiring an additional 421,712 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Crocs during the third quarter worth about $34,823,000. Assenagon Asset Management S.A. increased its holdings in Crocs by 60.1% in the third quarter. Assenagon Asset Management S.A. now owns 1,024,452 shares of the textile maker’s stock worth $90,387,000 after purchasing an additional 384,390 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Crocs in the third quarter worth approximately $11,216,000. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CROX has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James lifted their target price on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Bank of America lifted their target price on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Piper Sandler lifted their target price on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Barclays lifted their target price on Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Crocs has an average rating of “Moderate Buy” and a consensus target price of $150.42.

Crocs Stock Down 0.8 %

Shares of NASDAQ:CROX opened at $135.42 on Thursday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.56 and a beta of 2.03. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $146.79. The business’s 50 day moving average is $129.81 and its 200 day moving average is $110.00.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.77. The company had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. Crocs’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.61 earnings per share. On average, sell-side analysts forecast that Crocs, Inc. will post 12.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Crocs news, President Michelle Poole sold 4,793 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the transaction, the president now owns 64,912 shares of the company’s stock, valued at $7,734,264.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Crocs news, President Michelle Poole sold 4,793 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the transaction, the president now owns 64,912 shares of the company’s stock, valued at $7,734,264.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ian Bickley sold 3,215 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $118.57, for a total value of $381,202.55. Following the completion of the transaction, the director now directly owns 28,600 shares in the company, valued at approximately $3,391,102. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,867 shares of company stock valued at $4,786,276. Insiders own 2.72% of the company’s stock.

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.