HighTower Advisors LLC Has $777,000 Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

HighTower Advisors LLC lessened its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 59.0% in the 4th quarter, according to the company in its most recent 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 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Clare Market Investments LLC acquired a new stake in Crocs during the 4th quarter worth about $555,000. Banco Santander S.A. lifted its position in shares of Crocs by 75.5% in the fourth quarter. Banco Santander S.A. now owns 7,743 shares of the textile maker's stock worth $848,000 after purchasing an additional 3,332 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Crocs during the fourth quarter worth approximately $471,000. Atria Investments Inc grew its position in Crocs by 70.4% during the fourth quarter. Atria Investments Inc now owns 3,386 shares of the textile maker's stock valued at $371,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Clark Estates Inc. NY increased its stake in Crocs by 16.4% in the 4th quarter. Clark Estates Inc. NY now owns 26,200 shares of the textile maker's stock valued at $2,870,000 after buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Transactions at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.

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Crocs Stock Performance

CROX stock traded up $0.21 during mid-day trading on Monday, reaching $106.20. 1,728,089 shares of the stock traded hands, compared to its average volume of 1,384,782. 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 business has a 50-day moving average of $102.78 and a two-hundred day moving average of $112.81. The firm has a market capitalization of $5.95 billion, a PE ratio of 6.64, a P/E/G ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 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, equities analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CROX. StockNews.com cut shares of Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Bank of America boosted their target price on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Barclays reduced their price target on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, UBS Group increased their price objective on Crocs from $122.00 to $132.00 and gave the stock 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 issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $143.53.

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.