State of Alaska Department of Revenue lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 116.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,134 shares of the textile maker’s stock after acquiring an additional 25,876 shares during the quarter. State of Alaska Department of Revenue owned 0.07% of Crocs worth $1,336,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of CROX. Parallax Volatility Advisers L.P. purchased a new position in shares of Crocs in the second quarter valued at $202,000. Verition Fund Management LLC bought a new stake in Crocs during the second quarter worth about $402,000. United Services Automobile Association lifted its stake in Crocs by 7.8% during the second quarter. United Services Automobile Association now owns 17,749 shares of the textile maker’s stock worth $351,000 after purchasing an additional 1,281 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Crocs by 919.6% during the second quarter. Voloridge Investment Management LLC now owns 97,526 shares of the textile maker’s stock worth $1,926,000 after purchasing an additional 87,961 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in Crocs during the second quarter worth about $7,426,000.
In other Crocs news, Director Doreen A. Wright sold 7,068 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.00, for a total transaction of $183,768.00. Following the transaction, the director now owns 55,680 shares in the company, valued at approximately $1,447,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.42% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:CROX opened at $30.86 on Friday. Crocs, Inc. has a 1 year low of $17.52 and a 1 year high of $31.88. The company has a market cap of $2.12 billion, a PE ratio of 35.88 and a beta of 0.96. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.74 and a quick ratio of 1.22. The stock’s 50-day moving average is $26.44 and its 200 day moving average is $24.01.
Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. Crocs had a return on equity of 47.15% and a net margin of 5.61%. The company had revenue of $358.90 million for the quarter, compared to the consensus estimate of $360.46 million. During the same quarter in the previous year, the business earned $0.35 EPS. Crocs’s revenue was up 9.4% compared to the same quarter last year. Analysts expect that Crocs, Inc. will post 1.44 EPS for the current fiscal year.
CROX has been the subject of several research analyst reports. ValuEngine lowered Crocs from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Pivotal Research reiterated a “buy” rating on shares of Crocs in a report on Friday, August 2nd. CL King upgraded Crocs from a “neutral” rating to a “buy” rating in a report on Thursday, June 27th. Susquehanna Bancshares lifted their price objective on Crocs from $35.00 to $38.00 and gave the stock a “positive” rating in a report on Friday, August 2nd. Finally, BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $31.86.
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.
Featured Story: What are high-yield dividend stocks?
Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROX).
Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.