State of Alaska Department of Revenue increased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 79.0% during the second quarter, Holdings Channel reports. The firm owned 14,623 shares of the textile maker’s stock after buying an additional 6,453 shares during the period. State of Alaska Department of Revenue’s holdings in Crocs were worth $112,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CROX. BNP Paribas Arbitrage SA raised its position in Crocs by 1.7% in 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 during the period. Louisiana State Employees Retirement System raised its position in Crocs by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the textile maker’s stock worth $212,000 after buying an additional 400 shares during the period. Arizona State Retirement System raised its position in Crocs by 1.3% in the first quarter. Arizona State Retirement System now owns 38,388 shares of the textile maker’s stock worth $271,000 after buying an additional 500 shares during the period. Prudential Financial Inc. raised its position in Crocs by 0.6% in the first quarter. Prudential Financial Inc. now owns 125,415 shares of the textile maker’s stock worth $887,000 after buying an additional 750 shares during the period. 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 period. Institutional investors and hedge funds own 90.18% of the company’s stock.

Crocs, Inc. (CROX) traded up 3.48% during midday trading on Friday, hitting $9.21. The stock had a trading volume of 3,414,626 shares. Crocs, Inc. has a 52 week low of $5.93 and a 52 week high of $9.54. The stock has a 50-day moving average of $7.82 and a 200-day moving average of $7.01. The firm’s market cap is $660.92 million.

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

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A number of research firms recently weighed in on CROX. B. Riley reiterated a “neutral” rating and issued a $8.00 price target on shares of Crocs in a research report on Saturday, May 13th. Piper Jaffray Companies reiterated a “hold” rating and issued a $9.00 price target on shares of Crocs in a research report on Wednesday. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded Crocs from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Susquehanna Bancshares Inc restated a “positive” rating and set a $8.00 price objective (up from $7.00) on shares of Crocs in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Crocs presently has an average rating of “Hold” and an average target price of $8.25.

About Crocs

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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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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