Profit Investment Management LLC increased its position in Crocs, Inc. (NASDAQ:CROX) by 28.4% during the second quarter, Holdings Channel reports. The fund owned 196,435 shares of the textile maker’s stock after buying an additional 43,465 shares during the period. Crocs makes up 1.4% of Profit Investment Management LLC’s investment portfolio, making the stock its 29th largest position. Profit Investment Management LLC’s holdings in Crocs were worth $1,515,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in Crocs by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the textile maker’s stock worth $233,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue raised its position in Crocs by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock worth $112,000 after buying an additional 6,453 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Crocs during the second quarter worth approximately $172,000. Colony Group LLC raised its position in Crocs by 62.2% in the first quarter. Colony Group LLC now owns 185,797 shares of the textile maker’s stock worth $1,314,000 after buying an additional 71,267 shares during the last quarter. Finally, Ironwood Investment Management LLC raised its position in Crocs by 2.4% in the first quarter. Ironwood Investment Management LLC now owns 47,402 shares of the textile maker’s stock worth $335,000 after buying an additional 1,105 shares during the last quarter. 90.96% of the stock is owned by hedge funds and other institutional investors.

Crocs, Inc. (NASDAQ CROX) traded up 0.39% during midday trading on Thursday, reaching $7.69. The company had a trading volume of 231,354 shares. Crocs, Inc. has a 52 week low of $5.93 and a 52 week high of $12.04. The company’s market capitalization is $569.71 million. The firm has a 50-day moving average price of $7.37 and a 200-day moving average price of $6.89.

Crocs (NASDAQ:CROX) last issued its earnings results on Wednesday, May 10th. The textile maker reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. The company had revenue of $267.90 million during the quarter, compared to the consensus estimate of $258.10 million. Crocs had a negative net margin of 1.52% and a negative return on equity of 4.89%. Crocs’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Analysts expect that Crocs, Inc. will post ($0.04) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/07/20/profit-investment-management-llc-has-1-52-million-stake-in-crocs-inc-nasdaqcrox.html.

A number of equities analysts have recently commented on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $7.00 price target on shares of Crocs in a report on Friday, July 14th. BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet raised Crocs from a “d” rating to a “c-” rating in a report on Wednesday, June 21st. B. Riley reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Crocs in a report on Saturday, May 13th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $7.00 price target (up from $6.00) on shares of Crocs in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $8.25.

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.

Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROX).

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.