Robeco Institutional Asset Management B.V. increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 100.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 752,902 shares of the textile maker’s stock after acquiring an additional 376,451 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 1.11% of Crocs worth $14,643,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new position in shares of Crocs during the 2nd quarter worth approximately $137,000. Brown Advisory Inc. acquired a new position in Crocs in the 1st quarter valued at $171,000. Aperio Group LLC acquired a new position in Crocs in the 2nd quarter valued at $179,000. Amalgamated Bank acquired a new position in Crocs in the 2nd quarter valued at $195,000. Finally, Nomura Holdings Inc. acquired a new position in Crocs in the 2nd quarter valued at $204,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on CROX shares. TheStreet raised Crocs from a “c+” rating to a “b” rating in a report on Thursday, August 9th. Pivotal Research reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Crocs in a report on Tuesday, August 7th. BidaskClub raised Crocs from a “hold” rating to a “buy” rating in a report on Wednesday. Piper Jaffray Companies set a $23.00 price objective on Crocs and gave the company a “buy” rating in a report on Monday, October 22nd. Finally, Zacks Investment Research raised Crocs from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.57.
Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, August 7th. The textile maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.26. The firm had revenue of $328.00 million during the quarter, compared to the consensus estimate of $321.47 million. Crocs had a return on equity of 13.84% and a net margin of 2.29%. Equities research analysts predict that Crocs, Inc. will post 0.27 earnings per share for the current year.
In other news, insider Daniel P. Hart sold 20,831 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $20.00, for a total transaction of $416,620.00. Following the completion of the sale, the insider now directly owns 347,706 shares in the company, valued at approximately $6,954,120. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Smach sold 74,400 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $20.14, for a total value of $1,498,416.00. Following the sale, the director now owns 125,262 shares of the company’s stock, valued at $2,522,776.68. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.
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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