State of Tennessee Treasury Department Has $542,000 Stake in Crocs, Inc. (CROX)
State of Tennessee Treasury Department maintained its stake in shares of Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,319 shares of the textile maker’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned 0.09% of Crocs worth $542,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of Crocs by 79.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock valued at $112,000 after buying an additional 6,453 shares in the last quarter. Jane Street Group LLC bought a new position in Crocs during the 1st quarter valued at about $113,000. Karp Capital Management Corp bought a new position in Crocs during the 1st quarter valued at about $118,000. Mason Street Advisors LLC grew its holdings in Crocs by 7.2% during the 1st quarter. Mason Street Advisors LLC now owns 17,231 shares of the textile maker’s stock valued at $122,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Crocs by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 17,510 shares of the textile maker’s stock valued at $135,000 after purchasing an additional 750 shares during the last quarter. Institutional investors and hedge funds own 88.56% of the company’s stock.
Crocs, Inc. (NASDAQ CROX) opened at 9.70 on Friday. The company’s market capitalization is $696.08 million. The firm has a 50-day moving average of $8.86 and a 200-day moving average of $7.40. Crocs, Inc. has a 52 week low of $5.93 and a 52 week high of $9.85.
Crocs (NASDAQ:CROX) last released its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $313.20 million for the quarter, compared to the consensus estimate of $311.33 million. Crocs had a negative net margin of 0.91% and a negative return on equity of 3.36%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. Analysts anticipate that Crocs, Inc. will post ($0.03) EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/01/state-of-tennessee-treasury-department-has-542000-stake-in-crocs-inc-crox.html.
CROX has been the topic of several analyst reports. BidaskClub upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Stifel Nicolaus reiterated a “hold” rating and set a $8.00 price target (up from $7.00) on shares of Crocs in a report on Saturday, July 22nd. ValuEngine downgraded shares of Crocs from a “hold” rating to a “sell” rating in a report on Friday, September 1st. TheStreet upgraded shares of Crocs from a “d” rating to a “c-” rating in a report on Wednesday, June 21st. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $8.00 price target (up from $7.00) on shares of Crocs in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Crocs has a consensus rating of “Hold” and an average target price of $8.60.
Crocs Company Profile
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.
Receive News & Stock Ratings for Crocs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs Inc. and related stocks with our FREE daily email newsletter.