Gilliland Jeter Wealth Management LLC Decreases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Gilliland Jeter Wealth Management LLC decreased its holdings in Crocs, Inc. (NASDAQ:CROX) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,615 shares of the textile maker’s stock after selling 500 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Crocs were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of CROX. Crossmark Global Holdings Inc. increased its position in shares of Crocs by 55.8% during the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after acquiring an additional 14,387 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Crocs by 585.5% during the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after purchasing an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after buying an additional 7,633 shares in the last quarter. Aigen Investment Management LP bought a new position in Crocs during the third quarter valued at approximately $2,024,000. Finally, International Assets Investment Management LLC purchased a new position in Crocs in the third quarter worth about $2,076,000. 93.44% of the stock is owned by institutional investors.

Crocs Stock Performance

Shares of NASDAQ CROX opened at $95.52 on Friday. Crocs, Inc. has a 1 year low of $95.05 and a 1 year high of $165.32. 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 stock has a fifty day moving average price of $107.31 and a two-hundred day moving average price of $120.84. The firm has a market cap of $5.57 billion, a P/E ratio of 6.93, a PEG ratio of 1.78 and a beta of 1.93.

Insiders Place Their Bets

In related news, CFO Susan L. Healy bought 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 purchase, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CROX. Guggenheim lowered their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. KeyCorp reduced their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. UBS Group decreased their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Needham & Company LLC started coverage on shares of Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 price target for the company. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.47.

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.