Catalyst Capital Advisors LLC bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,600 shares of the textile maker’s stock, valued at approximately $579,000. Catalyst Capital Advisors LLC owned approximately 0.05% of Crocs at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in CROX. Comerica Bank raised its position in shares of Crocs by 69.8% during the 4th quarter. Comerica Bank now owns 128,848 shares of the textile maker’s stock valued at $1,804,000 after buying an additional 52,969 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Crocs in the 4th quarter worth about $315,000. Wells Fargo & Company MN raised its position in Crocs by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 104,803 shares of the textile maker’s stock worth $1,325,000 after purchasing an additional 24,199 shares during the period. Pinebridge Investments L.P. raised its position in Crocs by 24.6% in the 4th quarter. Pinebridge Investments L.P. now owns 160,901 shares of the textile maker’s stock worth $2,034,000 after purchasing an additional 31,767 shares during the period. Finally, Capital Fund Management S.A. purchased a new stake in Crocs in the 4th quarter worth about $277,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.
A number of research firms recently weighed in on CROX. FIX lowered shares of Crocs to a “neutral” rating and set a $12.00 price objective on the stock. in a research report on Monday, April 16th. Zacks Investment Research lowered shares of Crocs from a “hold” rating to a “strong sell” rating in a research report on Monday, March 19th. Pivotal Research set a $15.00 price objective on shares of Crocs and gave the stock a “hold” rating in a research report on Tuesday, May 8th. BidaskClub raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Finally, ValuEngine raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Crocs has an average rating of “Hold” and a consensus target price of $14.43.
Shares of Crocs opened at $19.12 on Thursday, Marketbeat reports. The company has a market cap of $1.30 billion, a PE ratio of 636.33, a P/E/G ratio of 4.83 and a beta of 0.30. Crocs, Inc. has a one year low of $7.15 and a one year high of $19.54.
Crocs (NASDAQ:CROX) last issued its earnings results on Tuesday, May 8th. The textile maker reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $272.21 million. Crocs had a net margin of 1.51% and a return on equity of 8.10%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. research analysts anticipate that Crocs, Inc. will post 0.26 EPS for the current year.
Crocs declared that its Board of Directors has approved a share buyback program on Wednesday, February 28th that authorizes the company to buyback $431.00 million in outstanding shares. This buyback authorization authorizes the textile maker to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board 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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