Gilliland Jeter Wealth Management LLC Has $396,000 Position in Crocs, Inc. (NASDAQ:CROX)

Gilliland Jeter Wealth Management LLC cut its position in shares of Crocs, Inc. (NASDAQ:CROX) by 12.2% in the 4th quarter, according to the company in 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 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CROX. Pacer Advisors Inc. lifted its position in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after acquiring an additional 577,467 shares in the last quarter. FMR LLC increased its holdings in Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Crocs in the third quarter valued at approximately $17,122,000. Motley Fool Wealth Management LLC purchased a new stake in shares of Crocs during the third quarter worth $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Crocs by 34.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after acquiring an additional 46,890 shares during the period. 93.44% of the stock is owned by institutional investors.

Crocs Price Performance

Crocs stock opened at $95.52 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $5.57 billion, a PE ratio of 6.93, a P/E/G ratio of 1.78 and a beta of 1.93. The firm’s 50-day simple moving average is $107.31 and its 200 day simple moving average is $120.84. Crocs, Inc. has a 52 week low of $95.05 and a 52 week high of $165.32.

Analyst Ratings Changes

Several research firms have recently weighed in on CROX. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Guggenheim cut their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday. Needham & Company LLC began coverage on shares of Crocs in a report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price target on the stock. Barclays decreased their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Monness Crespi & Hardt cut their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.47.

Insiders Place Their Bets

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now 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 SEC, which is accessible through this link. 2.72% of the stock is owned by corporate insiders.

Crocs 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.