D.A. Davidson & CO. Has $752,000 Stake in Crocs, Inc. (NASDAQ:CROX)

D.A. Davidson & CO. increased its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 184.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,083 shares of the textile maker's stock after purchasing an additional 4,592 shares during the period. D.A. Davidson & CO.'s holdings in Crocs were worth $752,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allianz SE acquired a new stake in shares of Crocs during the fourth quarter worth approximately $53,000. Salem Investment Counselors Inc. acquired a new stake in shares of Crocs during the first quarter worth approximately $53,000. Ameriflex Group Inc. acquired a new stake in shares of Crocs during the fourth quarter worth approximately $54,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Crocs during the first quarter worth approximately $58,000. Finally, Parallel Advisors LLC increased its holdings in shares of Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CROX. The Goldman Sachs Group began coverage on shares of Crocs in a research note on Wednesday, July 2nd. They set a "sell" rating and a $88.00 price target on the stock. Barclays decreased their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Needham & Company LLC increased their price target on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Loop Capital increased their price target on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Finally, Piper Sandler decreased their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.13.

Insider Buying and Selling at Crocs

In other news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the transaction, the director directly owned 27,505 shares of the company's stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Crocs Trading Down 2.0%

CROX stock traded down $2.10 during midday trading on Friday, reaching $103.75. The company's stock had a trading volume of 748,783 shares, compared to its average volume of 1,520,612. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $151.13. The stock has a market cap of $5.82 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. The business's 50-day simple moving average is $105.56 and its 200-day simple moving average is $103.20.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The company had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $3.02 earnings per share. As a group, sell-side analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

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.