GSA Capital Partners LLP bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,545 shares of the textile maker’s stock, valued at approximately $282,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. UBS Asset Management Americas Inc. increased its position in Crocs by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 30,036 shares of the textile maker’s stock worth $232,000 after buying an additional 98 shares in the last quarter. Thrivent Financial For Lutherans grew its position in shares of Crocs by 7.6% during the second quarter. Thrivent Financial For Lutherans now owns 44,470 shares of the textile maker’s stock worth $343,000 after purchasing an additional 3,160 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Crocs by 18.7% during the second quarter. Nationwide Fund Advisors now owns 50,548 shares of the textile maker’s stock worth $390,000 after purchasing an additional 7,979 shares in the last quarter. GRT Capital Partners L.L.C. purchased a new stake in shares of Crocs during the second quarter worth about $131,000. Finally, TIAA CREF Investment Management LLC grew its position in shares of Crocs by 39.0% during the second quarter. TIAA CREF Investment Management LLC now owns 278,804 shares of the textile maker’s stock worth $2,150,000 after purchasing an additional 78,188 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.
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Several research firms have weighed in on CROX. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and set a $9.00 price target on shares of Crocs in a research note on Wednesday, August 9th. BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Crocs from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Monday, August 14th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $8.00 target price (up from $7.00) on shares of Crocs in a research report on Thursday, August 10th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.75.
Shares of Crocs, Inc. (CROX) opened at 10.62 on Friday. The stock’s market cap is $762.10 million. The firm’s 50-day moving average price is $9.56 and its 200 day moving average price is $7.95. Crocs, Inc. has a 1-year low of $5.93 and a 1-year high of $10.69.
Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. Crocs had a negative net margin of 0.91% and a negative return on equity of 3.36%. The business had revenue of $313.20 million during the quarter, compared to analysts’ expectations of $311.33 million. During the same period last year, the firm posted $0.16 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. On average, equities analysts expect that Crocs, Inc. will post ($0.03) earnings per share for the current fiscal year.
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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