Ashton Thomas Private Wealth LLC Takes $471,000 Position in Crocs, Inc. (NASDAQ:CROX)

Ashton Thomas Private Wealth LLC bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, Holdings Channel.com reports. The fund bought 4,304 shares of the textile maker’s stock, valued at approximately $471,000.

A number of other large investors have also recently made changes to their positions in CROX. UMB Bank n.a. boosted its stake in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 208 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crocs during the third quarter valued at $73,000. Jones Financial Companies Lllp boosted its stake in shares of Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Crocs during the fourth quarter valued at $96,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CROX shares. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. 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. KeyCorp decreased their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Barclays decreased their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.53.

Insider Activity

In other news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Crocs Stock Performance

CROX opened at $101.10 on Tuesday. Crocs, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The company has a market cap of $5.67 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The firm’s 50-day moving average price is $103.52 and its 200-day moving average price is $116.05.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

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.