California State Teachers Retirement System reduced its holdings in Crocs, Inc. (NASDAQ:CROX) by 7.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,731 shares of the textile maker’s stock after selling 8,863 shares during the period. California State Teachers Retirement System’s holdings in Crocs were worth $1,387,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Stone Ridge Asset Management LLC purchased a new position in shares of Crocs in the 4th quarter worth $875,000. Deutsche Bank AG grew its stake in shares of Crocs by 26.4% in the 4th quarter. Deutsche Bank AG now owns 849,834 shares of the textile maker’s stock worth $10,741,000 after buying an additional 177,473 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Crocs by 15.2% in the 4th quarter. Renaissance Technologies LLC now owns 3,386,564 shares of the textile maker’s stock worth $42,806,000 after buying an additional 447,624 shares in the last quarter. Bogle Investment Management L P DE grew its stake in shares of Crocs by 20.8% in the 4th quarter. Bogle Investment Management L P DE now owns 824,281 shares of the textile maker’s stock worth $10,418,000 after buying an additional 141,862 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of Crocs by 172.3% in the 4th quarter. WINTON GROUP Ltd now owns 828,828 shares of the textile maker’s stock worth $10,476,000 after buying an additional 524,397 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.
CROX stock opened at $16.58 on Friday. Crocs, Inc. has a 12 month low of $5.93 and a 12 month high of $17.43. The stock has a market cap of $1,171.50, a P/E ratio of -829.00, a PEG ratio of 3.63 and a beta of 0.30.
Crocs (NASDAQ:CROX) last released its quarterly earnings results on Wednesday, February 28th. The textile maker reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). Crocs had a return on equity of 6.19% and a net margin of 1.00%. The firm had revenue of $199.11 million for the quarter, compared to analysts’ expectations of $196.70 million. During the same period in the prior year, the firm posted ($0.58) earnings per share. Crocs’s revenue for the quarter was up 6.2% on a year-over-year basis. analysts predict that Crocs, Inc. will post 0.31 earnings per share for the current year.
Crocs declared that its board has approved a share repurchase program on Wednesday, February 28th that permits the company to buyback $431.00 million in shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
A number of brokerages have commented on CROX. Zacks Investment Research raised shares of Crocs from a “sell” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, January 9th. Stifel Nicolaus raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Pivotal Research reaffirmed a “hold” rating and set a $13.00 price target (up from $10.00) on shares of Crocs in a research note on Wednesday, January 10th. BidaskClub cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, ValuEngine raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.00.
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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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