Vanguard Group Inc. Has $45.51 Million Position in Crocs, Inc. (CROX)

Vanguard Group Inc. boosted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,437,469 shares of the textile maker’s stock after buying an additional 253,305 shares during the period. Vanguard Group Inc. owned approximately 8.74% of Crocs worth $45,513,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CROX. BNP Paribas Arbitrage SA raised its stake in shares of Crocs by 1.7% in the first quarter. BNP Paribas Arbitrage SA now owns 20,543 shares of the textile maker’s stock worth $145,000 after buying an additional 336 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Crocs by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the textile maker’s stock worth $212,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Crocs by 1.3% in the first quarter. Arizona State Retirement System now owns 38,388 shares of the textile maker’s stock worth $271,000 after buying an additional 500 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Crocs by 0.6% in the first quarter. Prudential Financial Inc. now owns 125,415 shares of the textile maker’s stock worth $887,000 after buying an additional 750 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Crocs by 7.2% in the first quarter. Mason Street Advisors LLC now owns 17,231 shares of the textile maker’s stock worth $122,000 after buying an additional 1,160 shares in the last quarter. 90.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Crocs, Inc. (NASDAQ CROX) traded up 3.48% on Friday, reaching $9.21. 3,414,626 shares of the company’s stock traded hands. The stock’s market capitalization is $660.92 million. The stock’s 50-day moving average price is $7.82 and its 200-day moving average price is $7.01. Crocs, Inc. has a 52 week low of $5.93 and a 52 week high of $9.54.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The business had revenue of $313.20 million for the quarter, compared to analyst estimates of $311.33 million. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Equities analysts predict that Crocs, Inc. will post ($0.03) EPS for the current year.

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Several research analysts have weighed in on CROX shares. B. Riley reaffirmed a “neutral” rating and set a $8.00 target price on shares of Crocs in a research note on Saturday, May 13th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $9.00 target price on shares of Crocs in a research note on Wednesday. BidaskClub raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $8.00 target price (up previously from $7.00) on shares of Crocs in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Crocs currently has a consensus rating of “Hold” and a consensus price target of $8.25.

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.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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