Dynamic Technology Lab Private Ltd Invests $1.63 Million in Crocs, Inc. (CROX) Stock

Dynamic Technology Lab Private Ltd acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 76,435 shares of the textile maker’s stock, valued at approximately $1,627,000. Dynamic Technology Lab Private Ltd owned about 0.11% of Crocs as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CROX. United Services Automobile Association lifted its stake in shares of Crocs by 29.3% in the 2nd quarter. United Services Automobile Association now owns 14,756 shares of the textile maker’s stock worth $260,000 after acquiring an additional 3,347 shares during the period. Chicago Equity Partners LLC lifted its stake in shares of Crocs by 9.5% in the 3rd quarter. Chicago Equity Partners LLC now owns 41,790 shares of the textile maker’s stock worth $890,000 after acquiring an additional 3,620 shares during the period. Legal & General Group Plc lifted its stake in shares of Crocs by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 149,464 shares of the textile maker’s stock worth $2,638,000 after acquiring an additional 5,591 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Crocs by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 840,984 shares of the textile maker’s stock worth $17,905,000 after acquiring an additional 6,454 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Crocs in the 2nd quarter worth $137,000.

Shares of NASDAQ CROX opened at $25.00 on Friday. Crocs, Inc. has a 52 week low of $10.79 and a 52 week high of $29.80. The stock has a market capitalization of $1.76 billion, a P/E ratio of 164.44, a P/E/G ratio of 4.08 and a beta of 0.64.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, November 8th. The textile maker reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. Crocs had a net margin of 3.08% and a return on equity of 17.27%. The firm had revenue of $261.10 million during the quarter, compared to analysts’ expectations of $246.47 million. During the same quarter last year, the business earned ($0.03) earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts forecast that Crocs, Inc. will post 0.43 EPS for the current fiscal year.

CROX has been the subject of several recent analyst reports. Piper Jaffray Companies set a $23.00 target price on shares of Crocs and gave the stock a “buy” rating in a research note on Monday, October 22nd. BidaskClub cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Zacks Investment Research upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, October 9th. UBS Group upgraded shares of Crocs to a “neutral” rating in a research note on Monday, November 12th. Finally, Susquehanna Bancshares upgraded shares of Crocs from a “negative” rating to a “neutral” rating in a research note on Monday, November 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $19.43.

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About Crocs

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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