American Century Companies Inc. raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 111.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 263,539 shares of the textile maker’s stock after purchasing an additional 138,958 shares during the quarter. American Century Companies Inc. owned about 0.39% of Crocs worth $6,847,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Crocs during the 4th quarter worth $40,259,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Crocs during the 4th quarter worth $25,000. Vanguard Group Inc boosted its stake in shares of Crocs by 5.8% during the 3rd quarter. Vanguard Group Inc now owns 9,024,188 shares of the textile maker’s stock worth $192,125,000 after acquiring an additional 492,196 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Crocs by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,024,188 shares of the textile maker’s stock worth $192,125,000 after acquiring an additional 492,196 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of Crocs by 2,633.8% during the 4th quarter. WINTON GROUP Ltd now owns 456,027 shares of the textile maker’s stock worth $11,848,000 after acquiring an additional 439,346 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on CROX. Pivotal Research restated a “buy” rating and issued a $35.00 target price (up previously from $33.00) on shares of Crocs in a report on Tuesday, January 15th. BidaskClub upgraded Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 27th. Piper Jaffray Companies lowered Crocs from an “overweight” rating to a “neutral” rating and set a $31.00 target price for the company. in a report on Tuesday, April 23rd. TheStreet lowered Crocs from a “b-” rating to a “c-” rating in a report on Wednesday, March 20th. Finally, Monness Crespi & Hardt upgraded Crocs from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, February 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Crocs has a consensus rating of “Buy” and a consensus target price of $27.63.
Crocs stock traded up $0.99 during mid-day trading on Friday, hitting $29.18. 1,071,283 shares of the company’s stock were exchanged, compared to its average volume of 1,320,088. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.39. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 1.88 and a beta of 0.66. Crocs, Inc. has a 1-year low of $14.98 and a 1-year high of $31.88.
Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 28th. The textile maker reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.12. The firm had revenue of $215.99 million for 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 in the prior year, the business posted ($0.27) earnings per share. As a group, sell-side analysts anticipate that Crocs, Inc. will post 0.99 earnings per share for the current year.
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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