Cornerstone Capital Management Holdings LLC. acquired a new stake in Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,300 shares of the textile maker’s stock, valued at approximately $133,000.
Several other large investors have also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in shares of Crocs by 1.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,115,223 shares of the textile maker’s stock valued at $54,858,000 after purchasing an additional 101,085 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Crocs by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,846,368 shares of the textile maker’s stock valued at $52,787,000 after purchasing an additional 408,899 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Crocs by 36.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,532,024 shares of the textile maker’s stock valued at $27,232,000 after purchasing an additional 937,111 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Crocs by 18.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,515,710 shares of the textile maker’s stock valued at $19,396,000 after purchasing an additional 388,074 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Crocs by 37.6% in the 1st quarter. Morgan Stanley now owns 1,327,853 shares of the textile maker’s stock valued at $9,388,000 after purchasing an additional 362,712 shares during the last quarter. 88.60% of the stock is currently owned by institutional investors.
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Crocs, Inc. (NASDAQ CROX) opened at 10.51 on Tuesday. Crocs, Inc. has a 52-week low of $5.93 and a 52-week high of $10.80. The company’s 50 day moving average is $9.67 and its 200-day moving average is $8.06. The firm’s market cap is $754.21 million.
Crocs (NASDAQ:CROX) last released its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $313.20 million for the quarter, compared to analysts’ expectations of $311.33 million. Crocs had a negative net margin of 0.91% and a negative return on equity of 3.36%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. On average, equities analysts predict that Crocs, Inc. will post ($0.03) EPS for the current fiscal year.
A number of equities research analysts have recently commented on CROX shares. ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Crocs in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $8.00 price objective (up from $7.00) on shares of Crocs in a research note on Saturday, July 22nd. Finally, Pivotal Research started coverage on shares of Crocs in a research note on Thursday, October 5th. They issued a “hold” rating and a $9.50 price objective on the stock. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.75.
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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