TD Private Client Wealth LLC Has $198,000 Position in Crocs, Inc. (NASDAQ:CROX)

TD Private Client Wealth LLC grew its stake in Crocs, Inc. (NASDAQ:CROX) by 45.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,812 shares of the textile maker’s stock after purchasing an additional 567 shares during the quarter. TD Private Client Wealth LLC’s holdings in Crocs were worth $198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HUB Investment Partners LLC lifted its position in Crocs by 17.3% during the fourth quarter. HUB Investment Partners LLC now owns 1,879 shares of the textile maker’s stock worth $206,000 after acquiring an additional 277 shares during the last quarter. Contrarius Group Holdings Ltd acquired a new stake in Crocs during the 4th quarter worth approximately $6,259,000. Harvest Fund Management Co. Ltd boosted its stake in Crocs by 6,686.2% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,968 shares of the textile maker’s stock valued at $215,000 after purchasing an additional 1,939 shares during the period. Xponance Inc. grew its holdings in Crocs by 5.5% in the 4th quarter. Xponance Inc. now owns 9,372 shares of the textile maker’s stock valued at $1,027,000 after buying an additional 492 shares in the last quarter. Finally, Boston Partners increased its position in Crocs by 24.8% during the 4th quarter. Boston Partners now owns 59,808 shares of the textile maker’s stock worth $6,548,000 after buying an additional 11,889 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now owns 89,323 shares in the company, 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 at this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the company’s 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 sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Crocs Trading Up 1.5 %

Shares of CROX stock opened at $112.59 on Wednesday. The firm has a market capitalization of $6.31 billion, a P/E ratio of 7.04, a P/E/G ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The stock’s fifty day simple moving average is $102.39 and its 200 day simple moving average is $113.19. 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 (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CROX has been the topic of several research reports. Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Wednesday, March 12th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Bank of America increased their price target on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, UBS Group lifted their price objective on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Crocs 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.