First Dallas Securities Inc. Buys New Position in Crocs, Inc. (NASDAQ:CROX)

First Dallas Securities Inc. bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,849 shares of the textile maker’s stock, valued at approximately $312,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares during the last quarter. FMR LLC boosted its stake in shares of Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after buying an additional 406,287 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Crocs in the third quarter worth about $17,122,000. Motley Fool Wealth Management LLC purchased a new stake in shares of Crocs in the third quarter worth about $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake 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 worth $20,227,000 after buying an additional 46,890 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Price Performance

NASDAQ:CROX opened at $96.74 on Tuesday. Crocs, Inc. has a one year low of $94.50 and a one 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 market cap of $5.64 billion, a PE ratio of 7.02, a P/E/G ratio of 1.78 and a beta of 1.95. The stock has a 50 day moving average price of $107.82 and a 200 day moving average price of $121.44.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CROX. Monness Crespi & Hardt lowered their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Barclays lowered their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and lowered their price target for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. KeyCorp lowered their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Guggenheim lowered their price target on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.47.

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the business’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 completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.72% of the company’s stock.

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.