Voya Investment Management LLC lifted its holdings in Crocs, Inc. (NASDAQ:CROX) by 11.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,105 shares of the textile maker’s stock after purchasing an additional 4,114 shares during the quarter. Voya Investment Management LLC owned about 0.05% of Crocs worth $301,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Crocs by 36.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,532,024 shares of the textile maker’s stock valued at $27,232,000 after buying an additional 937,111 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Crocs by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,846,368 shares of the textile maker’s stock valued at $52,787,000 after buying an additional 408,899 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Crocs by 18.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,515,710 shares of the textile maker’s stock valued at $19,396,000 after buying an additional 388,074 shares during the period. Morgan Stanley lifted its holdings in shares of Crocs by 37.6% in the 1st quarter. Morgan Stanley now owns 1,327,853 shares of the textile maker’s stock valued at $9,388,000 after buying an additional 362,712 shares during the period. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of Crocs in the 2nd quarter valued at about $1,074,000. 90.76% of the stock is owned by institutional investors.
Crocs, Inc. (CROX) opened at $10.46 on Wednesday. Crocs, Inc. has a twelve month low of $5.93 and a twelve month high of $10.80.
CROX has been the subject of several recent analyst reports. Zacks Investment Research lowered Crocs from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Stifel Nicolaus restated a “hold” rating and issued a $8.00 price target (up previously from $7.00) on shares of Crocs in a research note on Saturday, July 22nd. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. ValuEngine lowered Crocs from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Pivotal Research started coverage on Crocs in a research note on Thursday, October 5th. They set a “hold” rating and a $9.50 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Crocs presently has a consensus rating of “Hold” and an average target price of $8.75.
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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.
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