California State Teachers Retirement System reduced its position in shares of Crocs, Inc. (NASDAQ:CROX) by 9.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,594 shares of the textile maker’s stock after selling 12,586 shares during the quarter. California State Teachers Retirement System’s holdings in Crocs were worth $1,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Tudor Investment Corp ET AL purchased a new position in Crocs during the 2nd quarter valued at $100,000. BlueCrest Capital Management Ltd purchased a new position in Crocs during the 2nd quarter valued at $110,000. Public Employees Retirement System of Ohio increased its position in Crocs by 12.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 1,586 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Crocs during the 2nd quarter valued at $124,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Crocs during the 2nd quarter valued at $133,000. Institutional investors own 91.94% of the company’s stock.

CROX has been the topic of a number of research analyst reports. Pivotal Research initiated coverage on shares of Crocs in a research report on Thursday, October 5th. They set a “hold” rating and a $9.50 price objective on the stock. Zacks Investment Research downgraded shares of Crocs from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. CL King downgraded shares of Crocs from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Finally, Stifel Nicolaus raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Crocs currently has an average rating of “Hold” and an average target price of $10.67.

Shares of Crocs, Inc. (NASDAQ:CROX) opened at $13.80 on Friday. The firm has a market cap of $961.42, a PE ratio of -44.52, a PEG ratio of 3.10 and a beta of 0.43. Crocs, Inc. has a 1 year low of $5.93 and a 1 year high of $14.47.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, November 7th. The textile maker reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. The firm had revenue of $243.27 million for the quarter, compared to the consensus estimate of $236.90 million. Crocs had a negative net margin of 0.60% and a negative return on equity of 0.42%. analysts predict that Crocs, Inc. will post -0.06 EPS for the current year.

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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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