Strs Ohio decreased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 73,600 shares of the textile maker’s stock after selling 10,200 shares during the period. Strs Ohio’s holdings in Crocs were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new position in Crocs during the 2nd quarter worth approximately $100,000. BlueCrest Capital Management Ltd acquired a new position in Crocs during the 2nd quarter worth approximately $110,000. Public Employees Retirement System of Ohio increased its position in Crocs by 12.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock worth $114,000 after purchasing an additional 1,586 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Crocs during the 2nd quarter worth approximately $124,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Crocs during the 2nd quarter worth approximately $133,000. Institutional investors own 92.19% of the company’s stock.
Several research firms have issued reports on CROX. Pivotal Research reiterated a “hold” rating and set a $13.00 target price (up previously from $10.00) on shares of Crocs in a research report on Wednesday, January 10th. BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Zacks Investment Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. CL King lowered Crocs from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Finally, ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.67.
Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, November 7th. The textile maker reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The business had revenue of $243.27 million for the quarter, compared to analyst estimates of $236.90 million. Crocs had a negative return on equity of 0.42% and a negative net margin of 0.60%. equities research analysts predict that Crocs, Inc. will post -0.05 EPS for the current year.
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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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