Boston Partners Decreases Position in Crocs, Inc. (CROX)
Boston Partners lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 40.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 416,349 shares of the textile maker’s stock after selling 281,390 shares during the period. Boston Partners owned approximately 0.58% of Crocs worth $4,038,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in CROX. Dimensional Fund Advisors LP grew its stake in 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 last quarter. Vanguard Group Inc. grew its stake in 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 last quarter. Renaissance Technologies LLC grew its stake in 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 last quarter. Morgan Stanley grew its stake in 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 last quarter. Finally, Maverick Capital Ltd. acquired a new position in Crocs in the 2nd quarter valued at about $1,209,000. Institutional investors and hedge funds own 90.76% of the company’s stock.
Shares of Crocs, Inc. (NASDAQ CROX) opened at $10.71 on Friday. Crocs, Inc. has a twelve month low of $5.93 and a twelve month high of $10.86.
CROX has been the topic of a number of research reports. ValuEngine lowered shares of Crocs from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. BidaskClub raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $9.00 price objective on shares of Crocs in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Crocs from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $8.00 price objective (up previously from $7.00) on shares of Crocs in a report on Saturday, July 22nd. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $8.75.
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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.
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