Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC grew its position in Crocs, Inc. (NASDAQ:CROX) by 88.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,247 shares of the textile maker’s stock after acquiring an additional 15,644 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Crocs were worth $657,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its position in shares of Crocs by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 25,871 shares of the textile maker’s stock worth $666,000 after acquiring an additional 467 shares during the period. Mason Street Advisors LLC raised its position in shares of Crocs by 3.3% in the first quarter. Mason Street Advisors LLC now owns 21,433 shares of the textile maker’s stock worth $552,000 after acquiring an additional 688 shares during the period. Piedmont Investment Advisors Inc. raised its position in shares of Crocs by 5.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 16,703 shares of the textile maker’s stock worth $430,000 after acquiring an additional 816 shares during the period. FMR LLC raised its position in shares of Crocs by 54.2% in the first quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock worth $73,000 after acquiring an additional 1,000 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Crocs by 24.9% in the first quarter. Meeder Asset Management Inc. now owns 5,113 shares of the textile maker’s stock worth $130,000 after acquiring an additional 1,019 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

In related news, Director Doreen A. Wright sold 7,068 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.00, for a total transaction of $183,768.00. Following the completion of the sale, the director now owns 55,680 shares of the company’s stock, valued at approximately $1,447,680. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.42% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on CROX. Pivotal Research reiterated a “buy” rating on shares of Crocs in a research report on Friday, August 2nd. Stifel Nicolaus boosted their target price on shares of Crocs from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. CL King raised shares of Crocs from a “neutral” rating to a “buy” rating in a research note on Thursday, June 27th. Zacks Investment Research raised shares of Crocs from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research note on Friday, August 2nd. Finally, Susquehanna Bancshares boosted their target price on shares of Crocs from $35.00 to $38.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $30.29.

Shares of CROX stock traded down $0.31 on Wednesday, reaching $24.52. 50,687 shares of the company were exchanged, compared to its average volume of 2,053,718. The company has a market cap of $1.72 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The firm has a 50-day moving average of $21.47. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.22 and a current ratio of 1.74. Crocs, Inc. has a 1 year low of $16.26 and a 1 year high of $31.88.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 1st. The textile maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Crocs had a net margin of 5.61% and a return on equity of 47.15%. The business had revenue of $358.90 million during the quarter, compared to analysts’ expectations of $360.46 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts anticipate that Crocs, Inc. will post 1.3 EPS for the current year.

Crocs announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the textile maker to buy up to 25.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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