Gallacher Capital Management LLC Acquires 471 Shares of Crocs, Inc. (NASDAQ:CROX)

Gallacher Capital Management LLC boosted its holdings in Crocs, Inc. (NASDAQ:CROX) by 12.7% in the 4th quarter, HoldingsChannel reports. The firm owned 4,166 shares of the textile maker’s stock after purchasing an additional 471 shares during the quarter. Gallacher Capital Management LLC’s holdings in Crocs were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CROX. FMR LLC boosted its position in shares of Crocs by 4.8% during the third 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. Pacer Advisors Inc. boosted its holdings in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the last quarter. State Street Corp boosted its holdings in shares of Crocs by 0.7% during the 3rd quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after purchasing an additional 13,467 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Crocs by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker’s stock valued at $78,360,000 after purchasing an additional 8,014 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in Crocs by 30.6% during the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock valued at $21,052,000 after buying an additional 45,000 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays dropped their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Bank of America increased their target price on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Guggenheim lowered their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group increased their price target on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

Crocs Price Performance

Shares of CROX stock opened at $98.60 on Friday. Crocs, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a market capitalization of $5.53 billion, a P/E ratio of 6.17, a P/E/G ratio of 1.80 and a beta of 1.84. The stock has a 50 day moving average price of $102.70 and a 200 day moving average price of $115.03.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, sell-side analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.