Oppenheimer & Co. Inc. maintained its stake in shares of Crocs Inc. (NASDAQ:CROX) during the second quarter, Holdings Channel reports. The institutional investor owned 23,330 shares of the company’s stock at the end of the second quarter. Oppenheimer & Co. Inc.’s holdings in Crocs were worth $263,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CROX. JPMorgan Chase & Co. raised its stake in shares of Crocs by 7.2% in the first quarter. JPMorgan Chase & Co. now owns 4,897,096 shares of the company’s stock valued at $47,110,000 after buying an additional 328,948 shares in the last quarter. Chartwell Investment Partners LLC purchased a new stake in shares of Crocs during the second quarter valued at approximately $2,969,000. Bogle Investment Management L P DE purchased a new stake in shares of Crocs during the first quarter valued at approximately $1,419,000. Renaissance Technologies LLC raised its stake in shares of Crocs by 55.6% in the first quarter. Renaissance Technologies LLC now owns 383,000 shares of the company’s stock valued at $3,684,000 after buying an additional 136,832 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its stake in shares of Crocs by 73.7% in the first quarter. Landscape Capital Management L.L.C. now owns 307,616 shares of the company’s stock valued at $2,959,000 after buying an additional 130,563 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.
Shares of Crocs Inc. (NASDAQ:CROX) traded up 1.481% on Thursday, reaching $8.565. The company had a trading volume of 263,260 shares. The company has a 50-day moving average price of $8.54 and a 200-day moving average price of $9.69. Crocs Inc. has a 52-week low of $7.63 and a 52-week high of $15.19. The firm’s market capitalization is $629.40 million.
Crocs (NASDAQ:CROX) last announced its earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. Crocs had a negative return on equity of 16.50% and a negative net margin of 6.31%. The business had revenue of $323.80 million for the quarter, compared to analyst estimates of $348.46 million. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts forecast that Crocs Inc. will post ($0.03) EPS for the current fiscal year.
CROX has been the subject of several research analyst reports. Zacks Investment Research upgraded Crocs from a “sell” rating to a “hold” rating in a research note on Monday, July 18th. Piper Jaffray Cos. restated a “hold” rating and set a $8.00 price target on shares of Crocs in a research note on Monday, September 12th. Monness Crespi & Hardt dropped their price target on Crocs from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Susquehanna initiated coverage on Crocs in a research note on Friday, August 12th. They set a “neutral” rating and a $9.50 price target for the company. Finally, Sterne Agee CRT restated a “buy” rating and set a $12.50 price target on shares of Crocs in a research note on Thursday, May 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Crocs currently has a consensus rating of “Hold” and an average price target of $11.25.
In other news, CFO Carrie W. Teffner purchased 7,500 shares of Crocs stock in a transaction that occurred on Wednesday, August 24th. The shares were acquired at an average price of $8.85 per share, for a total transaction of $66,375.00. Following the transaction, the chief financial officer now owns 349,188 shares of the company’s stock, valued at approximately $3,090,313.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
Crocs, Inc is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s segments include Americas, Asia Pacific and Europe. The Americas segment consists of the product sales in the North and South America geographic regions.
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