Harvest Fund Management Co. Ltd bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 3rd quarter, Holdings Channel reports. The fund bought 8,022 shares of the textile maker’s stock, valued at approximately $171,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CROX. Cambria Investment Management L.P. boosted its stake in shares of Crocs by 11.5% during the 2nd quarter. Cambria Investment Management L.P. now owns 34,801 shares of the textile maker’s stock worth $613,000 after acquiring an additional 3,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Crocs by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,246,230 shares of the textile maker’s stock worth $74,776,000 after acquiring an additional 23,147 shares in the last quarter. Spark Investment Management LLC purchased a new stake in shares of Crocs during the 2nd quarter worth approximately $7,605,000. First Trust Advisors LP purchased a new stake in shares of Crocs during the 2nd quarter worth approximately $4,214,000. Finally, LPL Financial LLC purchased a new stake in shares of Crocs during the 1st quarter worth approximately $232,000. Institutional investors own 97.24% of the company’s stock.
In other Crocs news, insider Daniel P. Hart sold 20,831 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $20.00, for a total transaction of $416,620.00. Following the transaction, the insider now owns 347,706 shares of the company’s stock, valued at approximately $6,954,120. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas J. Smach sold 74,400 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $20.14, for a total value of $1,498,416.00. Following the transaction, the director now directly owns 125,262 shares in the company, valued at approximately $2,522,776.68. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.
Several brokerages have recently commented on CROX. BidaskClub raised Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, September 15th. Zacks Investment Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 10th. TheStreet raised Crocs from a “c+” rating to a “b” rating in a research note on Thursday, August 9th. Piper Jaffray Companies set a $23.00 price target on Crocs and gave the stock a “buy” rating in a research note on Monday, October 22nd. Finally, Pivotal Research reissued a “buy” rating and set a $21.00 price target on shares of Crocs in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Crocs has a consensus rating of “Hold” and a consensus target price of $16.57.
CROX stock opened at $21.07 on Friday. Crocs, Inc. has a 1 year low of $8.64 and a 1 year high of $22.07. The company has a market capitalization of $1.40 billion, a P/E ratio of 186.73, a P/E/G ratio of 5.07 and a beta of 0.61.
Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, August 7th. The textile maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.26. Crocs had a return on equity of 13.84% and a net margin of 2.29%. The firm had revenue of $328.00 million for the quarter, compared to analyst estimates of $321.47 million. As a group, equities analysts forecast that Crocs, Inc. will post 0.27 earnings per share for the current year.
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.
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