Crocs, Inc. (NASDAQ:CROX) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in Crocs, Inc. (NASDAQ:CROX) by 122.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,307 shares of the textile maker’s stock after purchasing an additional 9,539 shares during the quarter. HighTower Advisors LLC’s holdings in Crocs were worth $2,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. raised its holdings in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 180 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares in the last quarter. UMB Bank n.a. raised its stake in Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CROX has been the subject of a number of recent research reports. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays decreased their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Guggenheim restated a “buy” rating and issued a $155.00 price target on shares of Crocs in a research report on Friday, December 6th. Monness Crespi & Hardt reduced their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Williams Trading raised Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.80.

Insider Buying and Selling at Crocs

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

Crocs Stock Performance

Shares of CROX stock opened at $111.72 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm has a market cap of $6.51 billion, a P/E ratio of 8.10, a P/E/G ratio of 1.14 and a beta of 1.98. The firm’s 50 day moving average price is $115.56 and its 200-day moving average price is $132.32. Crocs, Inc. has a one year low of $85.71 and a one year high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm earned $3.25 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Crocs, Inc. will post 12.93 EPS for the current year.

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.