United Services Automobile Association lessened its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,347 shares of the textile maker’s stock after selling 1,711 shares during the quarter. United Services Automobile Association’s holdings in Crocs were worth $451,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund bought a new position in shares of Crocs in the 4th quarter valued at about $25,000. Vanguard Group Inc grew its holdings in shares of Crocs by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 9,024,188 shares of the textile maker’s stock valued at $192,125,000 after acquiring an additional 492,196 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Crocs by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,024,188 shares of the textile maker’s stock valued at $192,125,000 after acquiring an additional 492,196 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Crocs by 2,633.8% in the 4th quarter. WINTON GROUP Ltd now owns 456,027 shares of the textile maker’s stock valued at $11,848,000 after acquiring an additional 439,346 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Crocs by 9.2% in the 3rd quarter. Renaissance Technologies LLC now owns 3,964,100 shares of the textile maker’s stock valued at $84,396,000 after acquiring an additional 333,100 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.
Several equities analysts have recently weighed in on CROX shares. Susquehanna Bancshares upgraded Crocs from a “neutral” rating to a “positive” rating and set a $28.80 price objective for the company in a report on Wednesday, January 2nd. BidaskClub cut Crocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Pivotal Research reiterated a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of Crocs in a report on Tuesday, January 15th. ValuEngine cut Crocs from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Finally, Monness Crespi & Hardt upgraded Crocs from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, February 28th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Crocs has an average rating of “Buy” and an average price target of $27.63.
Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 28th. The textile maker reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.12. The firm had revenue of $215.99 million during the quarter, compared to the consensus estimate of $213.40 million. Crocs had a net margin of 4.27% and a return on equity of 27.23%. During the same period last year, the business posted ($0.27) earnings per share. As a group, research analysts expect that Crocs, Inc. will post 0.99 EPS for the current year.
In other Crocs news, Director Thomas J. Smach sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $26.71, for a total transaction of $267,100.00. Following the completion of the sale, the director now directly owns 135,262 shares in the company, valued at $3,612,848.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.
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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.
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