Renaissance Technologies LLC Buys 447,624 Shares of Crocs (NASDAQ:CROX)

Renaissance Technologies LLC grew its stake in shares of Crocs (NASDAQ:CROX) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,386,564 shares of the textile maker’s stock after acquiring an additional 447,624 shares during the quarter. Renaissance Technologies LLC owned about 4.86% of Crocs worth $42,806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Crocs by 12.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,972,770 shares of the textile maker’s stock valued at $38,536,000 after acquiring an additional 440,746 shares in the last quarter. State Street Corp increased its holdings in shares of Crocs by 3.3% during the second quarter. State Street Corp now owns 1,777,274 shares of the textile maker’s stock valued at $13,705,000 after acquiring an additional 56,238 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Crocs by 4.9% during the third quarter. Neuberger Berman Group LLC now owns 1,531,410 shares of the textile maker’s stock valued at $14,855,000 after acquiring an additional 71,420 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Crocs by 24.0% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,399,970 shares of the textile maker’s stock valued at $13,580,000 after acquiring an additional 271,391 shares in the last quarter. Finally, WINTON GROUP Ltd increased its holdings in shares of Crocs by 172.3% during the fourth quarter. WINTON GROUP Ltd now owns 828,828 shares of the textile maker’s stock valued at $10,476,000 after acquiring an additional 524,397 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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NASDAQ:CROX traded down $0.74 during midday trading on Friday, hitting $16.58. The company’s stock had a trading volume of 1,342,385 shares, compared to its average volume of 990,669. Crocs has a fifty-two week low of $5.93 and a fifty-two week high of $17.43. The company has a market cap of $1,141.22, a PE ratio of -829.00, a price-to-earnings-growth ratio of 3.54 and a beta of 0.30.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Wednesday, February 28th. The textile maker reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.04). Crocs had a return on equity of 6.19% and a net margin of 1.00%. The business had revenue of $199.11 million during the quarter, compared to analyst estimates of $196.70 million. During the same quarter last year, the company posted ($0.58) EPS. Crocs’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts anticipate that Crocs will post 0.31 EPS for the current year.

Crocs announced that its board has approved a stock buyback program on Wednesday, February 28th that authorizes the company to repurchase $431.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. ValuEngine upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded shares of Crocs from a “hold” rating to a “strong sell” rating in a report on Monday, March 19th. Finally, Pivotal Research set a $13.00 price target on shares of Crocs and gave the stock a “hold” rating in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.00.

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Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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