A number of other hedge funds and other institutional investors have also recently made changes to their positions in CROX. Russell Investments Group Ltd. bought a new stake in shares of Crocs during the fourth quarter worth $786,000. Comerica Bank raised its stake in shares of Crocs by 5.7% in the fourth quarter. Comerica Bank now owns 78,298 shares of the textile maker’s stock worth $554,000 after buying an additional 4,255 shares in the last quarter. State Street Corp raised its stake in shares of Crocs by 7.3% in the fourth quarter. State Street Corp now owns 1,622,735 shares of the textile maker’s stock worth $11,131,000 after buying an additional 109,721 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Crocs by 141.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,390,000 shares of the textile maker’s stock worth $9,535,000 after buying an additional 814,400 shares during the period. Finally, Tudor Investment Corp Et Al raised its position in shares of Crocs by 106.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 50,598 shares of the textile maker’s stock worth $347,000 after buying an additional 26,119 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.
Prudential Financial Inc. boosted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 0.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 125,415 shares of the textile maker’s stock after buying an additional 750 shares during the period. Prudential Financial Inc. owned 0.17% of Crocs worth $887,000 as of its most recent SEC filing.
Crocs, Inc. (NASDAQ CROX) traded down 1.77% during trading on Wednesday, reaching $7.77. 516,794 shares of the company traded hands. The firm’s market capitalization is $575.63 million. The firm’s 50 day moving average price is $7.60 and its 200 day moving average price is $6.94. Crocs, Inc. has a 12-month low of $5.93 and a 12-month high of $9.50.
Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Wednesday, May 10th. The textile maker reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.08. The business had revenue of $267.90 million during the quarter, compared to analysts’ expectations of $258.10 million. Crocs had a negative net margin of 1.52% and a negative return on equity of 4.89%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. Equities research analysts expect that Crocs, Inc. will post ($0.04) earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $7.00 price target (up previously from $6.00) on shares of Crocs in a report on Friday, May 12th. B. Riley reiterated a “neutral” rating and set a $8.00 price target on shares of Crocs in a report on Saturday, May 13th. TheStreet upgraded shares of Crocs from a “d” rating to a “c-” rating in a report on Wednesday, June 21st. Piper Jaffray Companies restated a “hold” rating and issued a $7.00 target price on shares of Crocs in a report on Friday, July 14th. Finally, BidaskClub lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.20.
Crocs Company Profile
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.