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

First Dallas Securities Inc. acquired a new stake in Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, Holdings Channel.com reports. The fund acquired 2,849 shares of the textile maker’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rheos Capital Works Inc. increased its position in Crocs by 30.6% in the 4th quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock valued at $21,052,000 after acquiring an additional 45,000 shares during the period. JB Capital LLC increased its position in Crocs by 13.1% in the 4th quarter. JB Capital LLC now owns 12,409 shares of the textile maker’s stock valued at $1,359,000 after acquiring an additional 1,440 shares during the period. Foster & Motley Inc. acquired a new position in Crocs in the 4th quarter valued at about $286,000. Foster Victor Wealth Advisors LLC increased its position in Crocs by 54.3% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 91,647 shares of the textile maker’s stock valued at $9,162,000 after acquiring an additional 32,254 shares during the period. Finally, ABS Direct Equity Fund LLC increased its position in Crocs by 20.0% in the 4th quarter. ABS Direct Equity Fund LLC now owns 15,000 shares of the textile maker’s stock valued at $1,643,000 after acquiring an additional 2,500 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

CROX opened at $96.74 on Tuesday. The business’s 50 day moving average is $107.82 and its 200-day moving average is $121.44. The stock has a market cap of $5.64 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 1.78 and a beta of 1.95. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a twelve month low of $94.50 and a twelve month high of $165.32.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Barclays reduced their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Needham & Company LLC initiated coverage on Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 price target on the stock. Finally, KeyCorp dropped their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $146.47.

Insider Activity

In other news, CFO Susan L. Healy bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.