Signition LP acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,094 shares of the textile maker’s stock, valued at approximately $298,000.
Several other large investors have also added to or reduced their stakes in CROX. Signaturefd LLC purchased a new stake in shares of Crocs in the 1st quarter valued at about $29,000. FMR LLC lifted its holdings in shares of Crocs by 54.2% in the 1st quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Crocs by 24.9% in the 1st quarter. Meeder Asset Management Inc. now owns 5,113 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 1,019 shares during the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of Crocs by 277.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 6,414 shares of the textile maker’s stock valued at $168,000 after purchasing an additional 4,714 shares during the last quarter. Finally, Quantamental Technologies LLC lifted its holdings in shares of Crocs by 105.5% in the 1st quarter. Quantamental Technologies LLC now owns 7,709 shares of the textile maker’s stock valued at $199,000 after purchasing an additional 3,957 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.
CROX has been the subject of several research reports. BidaskClub downgraded Crocs from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus boosted their target price on Crocs from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Pivotal Research reissued a “buy” rating on shares of Crocs in a report on Friday, August 2nd. Zacks Investment Research raised Crocs from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Friday, August 2nd. Finally, Susquehanna Bancshares boosted their target price on Crocs from $35.00 to $38.00 and gave the company a “positive” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.29.
CROX traded down $1.42 on Friday, hitting $23.13. 1,132,831 shares of the company traded hands, compared to its average volume of 1,897,160. The company has a 50 day moving average of $23.16 and a 200-day moving average of $23.99. The company has a quick ratio of 1.22, a current ratio of 1.74 and a debt-to-equity ratio of 3.03. The stock has a market capitalization of $1.61 billion, a PE ratio of 26.90, a PEG ratio of 1.16 and a beta of 0.96. Crocs, Inc. has a 12-month low of $17.52 and a 12-month high of $31.88.
Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The firm had revenue of $358.90 million during the quarter, compared to the consensus estimate of $360.46 million. Crocs had a return on equity of 47.15% and a net margin of 5.61%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. On average, research analysts anticipate that Crocs, Inc. will post 1.4 EPS for the current year.
Crocs declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the textile maker to repurchase up to 25.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
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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