State of Tennessee Treasury Department Has $712,000 Stake in Crocs, Inc. (CROX)

State of Tennessee Treasury Department lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,350 shares of the textile maker’s stock after selling 9,789 shares during the period. State of Tennessee Treasury Department owned approximately 0.08% of Crocs worth $712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Crocs by 12.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,972,770 shares of the textile maker’s stock worth $38,536,000 after buying an additional 440,746 shares during the period. State Street Corp increased its holdings in shares of Crocs by 3.3% in the second quarter. State Street Corp now owns 1,777,274 shares of the textile maker’s stock worth $13,705,000 after buying an additional 56,238 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Crocs by 4.9% in the third quarter. Neuberger Berman Group LLC now owns 1,531,410 shares of the textile maker’s stock worth $14,855,000 after buying an additional 71,420 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Crocs by 24.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,399,970 shares of the textile maker’s stock worth $13,580,000 after buying an additional 271,391 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Crocs by 14.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 803,838 shares of the textile maker’s stock valued at $7,798,000 after purchasing an additional 103,224 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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Shares of CROX stock traded down $0.74 during midday trading on Friday, reaching $16.58. 1,342,385 shares of the stock were exchanged, compared to its average volume of 990,669. Crocs, Inc. has a 1 year low of $5.93 and a 1 year high of $17.43. The company has a market capitalization of $1,192.15, a price-to-earnings ratio of -829.00, a price-to-earnings-growth ratio of 3.69 and a beta of 0.30.

Crocs (NASDAQ:CROX) last posted its earnings results on Wednesday, February 28th. The textile maker reported ($0.41) earnings per share 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 quarter last year, the company posted ($0.58) EPS. The firm’s revenue was up 6.2% on a year-over-year basis. research analysts forecast that Crocs, Inc. will post 0.31 earnings per share for the current year.

Crocs declared that its board has authorized a share repurchase program on Wednesday, February 28th that permits the company to buyback $431.00 million in outstanding shares. This buyback authorization permits the textile maker to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

A number of brokerages recently issued reports on CROX. Pivotal Research restated a “hold” rating and set a $13.00 price target (up previously from $10.00) on shares of Crocs in a report on Wednesday, January 10th. ValuEngine upgraded Crocs from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BidaskClub upgraded Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. Piper Jaffray upgraded Crocs from a “neutral” rating to an “overweight” rating and set a $15.00 price target on the stock in a report on Thursday, March 1st. Finally, Buckingham Research boosted their price target on Crocs from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.

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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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