HighTower Advisors LLC Has $11.69 Million Holdings in Crocs, Inc. $CROX

HighTower Advisors LLC cut its stake in Crocs, Inc. (NASDAQ:CROX) by 12.0% in the second quarter, Holdings Channel.com reports. The firm owned 96,882 shares of the textile maker’s stock after selling 13,167 shares during the period. HighTower Advisors LLC’s holdings in Crocs were worth $11,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Crocs by 159.9% during the first 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 buying an additional 8,331 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Crocs by 278.1% during the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock valued at $87,000 after acquiring an additional 634 shares during the period. First Trust Advisors LP increased its stake in Crocs by 14.3% during the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock valued at $11,365,000 after acquiring an additional 14,067 shares during the period. Finally, Marshall Wace LLP acquired a new position in Crocs in the 2nd quarter valued at approximately $6,290,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a report on Monday, June 15th. Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. Bank of America increased their price objective on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Robert W. Baird set a $163.00 price objective on shares of Crocs in a report on Friday, July 31st. Finally, Royal Bank Of Canada assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $139.10.

Insiders Place Their Bets

In other Crocs news, CEO Andrew Rees sold 19,072 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.

Crocs Stock Down 2.9%

Shares of NASDAQ CROX opened at $111.09 on Thursday. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The business has a fifty day moving average of $128.14 and a two-hundred day moving average of $111.09. The stock has a market cap of $5.33 billion, a PE ratio of 9.60, a PEG ratio of 0.95 and a beta of 1.52.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, equities research analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

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.