Schwab Charles Investment Management Inc. Has $5.40 Million Position in Crocs, Inc. (CROX)

Schwab Charles Investment Management Inc. increased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 20.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 700,614 shares of the textile maker’s stock after buying an additional 116,883 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.95% of Crocs worth $5,402,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CROX. Russell Investments Group Ltd. lifted its position in Crocs by 46.7% during the first quarter. Russell Investments Group Ltd. now owns 168,397 shares of the textile maker’s stock worth $1,190,000 after buying an additional 53,636 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Crocs by 7.4% during the first quarter. Great West Life Assurance Co. Can now owns 106,681 shares of the textile maker’s stock worth $754,000 after buying an additional 7,353 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Crocs by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 935,186 shares of the textile maker’s stock worth $6,612,000 after buying an additional 11,477 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position 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 buying an additional 336 shares in the last quarter. Finally, Comerica Bank lifted its position in Crocs by 3.9% during the first quarter. Comerica Bank now owns 81,383 shares of the textile maker’s stock worth $522,000 after buying an additional 3,085 shares in the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.

Several research firms have issued reports on CROX. TheStreet raised Crocs from a “d” rating to a “c-” rating in a research note on Wednesday, June 21st. BidaskClub cut Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reissued a “hold” rating and set a $7.00 target price on shares of Crocs in a research note on Friday, July 14th. Stifel Nicolaus reissued a “hold” rating and set a $8.00 target price (up previously from $7.00) on shares of Crocs in a research note on Saturday, July 22nd. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Crocs has an average rating of “Hold” and an average price target of $8.75.

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Shares of Crocs, Inc. (NASDAQ CROX) opened at 9.49 on Friday. The firm’s market cap is $681.01 million. The firm’s 50-day moving average price is $9.30 and its 200 day moving average price is $7.74. Crocs, Inc. has a 1-year low of $5.93 and a 1-year high of $9.99.

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

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.

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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