Azzad Asset Management Inc. ADV Makes New $691,000 Investment in Crocs, Inc. $CROX

Azzad Asset Management Inc. ADV acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,265 shares of the textile maker’s stock, valued at approximately $691,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Crocs by 159.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock valued at $79,000 after buying an additional 459 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Crocs by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock worth $22,441,000 after acquiring an additional 8,331 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Crocs by 24.3% during the second quarter. Truist Financial Corp now owns 9,899 shares of the textile maker’s stock valued at $1,003,000 after acquiring an additional 1,932 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Crocs in the 2nd quarter valued at approximately $48,000. Finally, KLP Kapitalforvaltning AS boosted its stake in Crocs by 2.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,600 shares of the textile maker’s stock worth $1,479,000 after purchasing an additional 400 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Down 2.0%

Shares of CROX stock opened at $84.09 on Tuesday. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $122.84. The stock has a market cap of $4.37 billion, a P/E ratio of 27.39 and a beta of 1.56. The stock has a 50 day moving average of $86.63 and a 200 day moving average of $84.84. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.97.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CROX. Wall Street Zen lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Crocs in a report on Friday, December 5th. Weiss Ratings lowered Crocs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 26th. Robert W. Baird reaffirmed a “neutral” rating and set a $100.00 price target on shares of Crocs in a research report on Wednesday, January 7th. Finally, UBS Group reissued a “neutral” rating on shares of Crocs in a report on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Hold” and an average target price of $94.64.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.