Crocs, Inc. (CROX) Holdings Raised by Pacad Investment Ltd.

Pacad Investment Ltd. boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 129.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,761 shares of the textile maker’s stock after acquiring an additional 16,800 shares during the quarter. Pacad Investment Ltd.’s holdings in Crocs were worth $229,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Louisiana State Employees Retirement System increased its stake in Crocs by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the textile maker’s stock worth $233,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System increased its stake in Crocs by 0.5% during the second quarter. Arizona State Retirement System now owns 38,588 shares of the textile maker’s stock worth $298,000 after acquiring an additional 200 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Crocs by 1.7% during the first quarter. BNP Paribas Arbitrage SA now owns 20,543 shares of the textile maker’s stock worth $145,000 after acquiring an additional 336 shares during the last quarter. US Bancorp DE increased its stake in Crocs by 1.2% during the second quarter. US Bancorp DE now owns 33,293 shares of the textile maker’s stock worth $257,000 after acquiring an additional 401 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in Crocs by 1.4% during the second quarter. Texas Permanent School Fund now owns 54,090 shares of the textile maker’s stock worth $417,000 after acquiring an additional 737 shares during the last quarter. 88.59% of the stock is owned by institutional investors.

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Crocs, Inc. (NASDAQ CROX) opened at 9.31 on Wednesday. The stock’s market capitalization is $668.09 million. Crocs, Inc. has a 52-week low of $5.93 and a 52-week high of $9.70. The stock’s 50 day moving average price is $8.64 and its 200 day moving average price is $7.30.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $313.20 million during the quarter, compared to the consensus estimate of $311.33 million. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. On average, analysts forecast that Crocs, Inc. will post ($0.03) EPS for the current year.

Several research firms have issued reports on CROX. Zacks Investment Research raised Crocs from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, August 14th. BidaskClub raised Crocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. ValuEngine cut Crocs from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Susquehanna Bancshares Inc reissued a “positive” rating and set a $8.00 target price (up previously from $7.00) on shares of Crocs in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $9.00 target price on shares of Crocs in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.60.

About Crocs

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.

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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