Crocs, Inc. (NASDAQ:CROX) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 14.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 803,838 shares of the textile maker’s stock after buying an additional 103,224 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 1.15% of Crocs worth $7,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. WINTON GROUP Ltd increased its holdings in shares of Crocs by 151.5% in the 3rd quarter. WINTON GROUP Ltd now owns 304,431 shares of the textile maker’s stock worth $2,953,000 after buying an additional 183,386 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Crocs by 47.9% in the 3rd quarter. Wells Fargo & Company MN now owns 80,604 shares of the textile maker’s stock worth $782,000 after buying an additional 26,111 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of Crocs in the 3rd quarter worth about $1,643,000. Macquarie Group Ltd. bought a new stake in shares of Crocs in the 3rd quarter worth about $520,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Crocs by 2.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 277,174 shares of the textile maker’s stock worth $2,688,000 after buying an additional 6,399 shares during the last quarter. Institutional investors own 91.94% of the company’s stock.

Shares of Crocs, Inc. (NASDAQ:CROX) opened at $13.45 on Thursday. Crocs, Inc. has a 52-week low of $5.93 and a 52-week high of $14.30. The firm has a market cap of $937.03, a P/E ratio of -43.39, a PEG ratio of 2.96 and a beta of 0.43.

A number of analysts have recently weighed in on CROX shares. Zacks Investment Research downgraded shares of Crocs from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. BidaskClub upgraded shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Pivotal Research started coverage on shares of Crocs in a report on Thursday, October 5th. They set a “hold” rating and a $9.50 price target on the stock. Buckingham Research downgraded shares of Crocs from a “neutral” rating to an “underperform” rating in a report on Friday, January 5th. Finally, ValuEngine downgraded shares of Crocs from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Crocs presently has a consensus rating of “Hold” and an average target price of $10.67.

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Crocs 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.

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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