Tower Research Capital LLC TRC Has $542,000 Stake in Crocs, Inc. (NASDAQ:CROX)

Tower Research Capital LLC TRC boosted its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 342.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,950 shares of the textile maker's stock after purchasing an additional 3,830 shares during the period. Tower Research Capital LLC TRC's holdings in Crocs were worth $542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Clear Harbor Asset Management LLC increased its holdings in Crocs by 3.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after purchasing an additional 100 shares during the period. Valmark Advisers Inc. grew its holdings in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock worth $726,000 after acquiring an additional 117 shares during the period. Manchester Capital Management LLC raised its position in shares of Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after acquiring an additional 129 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the period. Finally, Riverwater Partners LLC boosted its holdings in shares of Crocs by 0.9% during the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock worth $2,188,000 after buying an additional 177 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Trading Down 1.5 %

NASDAQ CROX opened at $96.23 on Tuesday. The firm has a market capitalization of $5.39 billion, a P/E ratio of 6.02, a PEG ratio of 1.80 and a beta of 1.62. The business has a fifty day simple moving average of $100.37 and a 200 day simple moving average of $106.05. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CROX. Robert W. Baird cut their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Piper Sandler cut their price target on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Bank of America increased their price target on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. UBS Group increased their price target on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Needham & Company LLC restated a "buy" rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Crocs presently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 29,299 shares of the company's stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

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.

Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.