ClariVest Asset Management LLC lifted its stake in Crocs, Inc. (NASDAQ:CROX) by 187.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 146,939 shares of the textile maker’s stock after acquiring an additional 95,839 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.22% of Crocs worth $3,817,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in CROX. Northern Trust Corp boosted its holdings in shares of Crocs by 1.7% in the second quarter. Northern Trust Corp now owns 912,333 shares of the textile maker’s stock valued at $16,066,000 after acquiring an additional 15,443 shares during the period. United Services Automobile Association boosted its holdings in shares of Crocs by 29.3% in the second quarter. United Services Automobile Association now owns 14,756 shares of the textile maker’s stock valued at $260,000 after acquiring an additional 3,347 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Crocs by 6.2% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,367,824 shares of the textile maker’s stock valued at $29,120,000 after acquiring an additional 79,593 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Crocs in the third quarter valued at approximately $828,000. Finally, First Trust Advisors LP boosted its holdings in shares of Crocs by 30.1% in the third quarter. First Trust Advisors LP now owns 311,363 shares of the textile maker’s stock valued at $6,629,000 after acquiring an additional 72,054 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ CROX opened at $27.04 on Thursday. Crocs, Inc. has a 1-year low of $12.02 and a 1-year high of $31.88. The firm has a market cap of $1.81 billion, a P/E ratio of -1,352.00, a P/E/G ratio of 1.71 and a beta of 0.67.
In related news, EVP Daniel P. Hart sold 25,000 shares of the stock in a transaction on Friday, December 28th. The stock was sold at an average price of $27.00, for a total transaction of $675,000.00. Following the completion of the sale, the executive vice president now directly owns 301,875 shares of the company’s stock, valued at $8,150,625. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 75,000 shares of company stock valued at $2,100,000. Corporate insiders own 2.10% of the company’s stock.
CROX has been the subject of several research analyst reports. Piper Jaffray Companies set a $31.00 price objective on Crocs and gave the company a “buy” rating in a report on Tuesday, December 4th. UBS Group raised Crocs to a “neutral” rating in a report on Monday, November 12th. Pivotal Research set a $25.00 price objective on Crocs and gave the company a “buy” rating in a report on Tuesday, November 6th. BidaskClub raised Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 5th. Finally, Susquehanna Bancshares raised Crocs from a “neutral” rating to a “positive” rating and set a $28.80 price target for the company in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Crocs has a consensus rating of “Buy” and a consensus target price of $22.11.
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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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