HighTower Advisors LLC Lowers Holdings in Crocs, Inc. (NASDAQ:CROX)

HighTower Advisors LLC lowered its holdings in Crocs, Inc. (NASDAQ:CROX) by 59.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,094 shares of the textile maker’s stock after selling 10,213 shares during the quarter. HighTower Advisors LLC’s holdings in Crocs were worth $777,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after acquiring an additional 577,467 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in Crocs during the 3rd quarter worth $17,122,000. Motley Fool Wealth Management LLC acquired a new position in shares of Crocs during the third quarter valued at about $9,097,000. Fort Washington Investment Advisors Inc. OH increased its stake in Crocs by 34.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after purchasing an additional 46,890 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its stake in shares of Crocs by 30.6% during the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after buying an additional 45,000 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Down 4.2 %

Crocs stock opened at $105.99 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The stock has a market capitalization of $5.94 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The business has a 50 day simple moving average of $102.78 and a 200-day simple moving average of $113.01. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping 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%. On average, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CROX has been the subject of a number of research analyst reports. UBS Group raised their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Barclays lowered their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Guggenheim reduced their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Insider Transactions at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred 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 directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. The trade was 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 Company 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.