Bank of New York Mellon Corp decreased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 4.3% in the second quarter, HoldingsChannel reports. The firm owned 834,530 shares of the textile maker’s stock after selling 37,637 shares during the quarter. Bank of New York Mellon Corp’s holdings in Crocs were worth $14,696,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Crocs by 3.7% during the second quarter. BlackRock Inc. now owns 9,800,291 shares of the textile maker’s stock valued at $172,582,000 after purchasing an additional 347,462 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Crocs by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,246,230 shares of the textile maker’s stock valued at $74,776,000 after purchasing an additional 23,147 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Crocs by 8.6% during the second quarter. Renaissance Technologies LLC now owns 3,631,000 shares of the textile maker’s stock valued at $63,942,000 after purchasing an additional 287,800 shares in the last quarter. Millennium Management LLC grew its position in shares of Crocs by 87.7% during the second quarter. Millennium Management LLC now owns 1,033,773 shares of the textile maker’s stock valued at $18,205,000 after purchasing an additional 483,069 shares in the last quarter. Finally, GMT Capital Corp grew its position in shares of Crocs by 14.7% during the second quarter. GMT Capital Corp now owns 818,776 shares of the textile maker’s stock valued at $14,419,000 after purchasing an additional 105,000 shares in the last quarter.

CROX has been the subject of several recent research reports. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Saturday, September 15th. Zacks Investment Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 10th. Piper Jaffray Companies set a $23.00 price target on Crocs and gave the stock a “buy” rating in a research report on Monday, October 22nd. Pivotal Research set a $25.00 price target on Crocs and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Finally, UBS Group upgraded Crocs to a “neutral” rating in a research report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.43.

CROX opened at $27.30 on Thursday. The stock has a market capitalization of $1.86 billion, a P/E ratio of -1,365.00, a P/E/G ratio of 5.60 and a beta of 0.64. Crocs, Inc. has a 12 month low of $10.53 and a 12 month high of $29.80.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, November 8th. The textile maker reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. The company had revenue of $261.10 million during the quarter, compared to analyst estimates of $246.47 million. Crocs had a return on equity of 17.27% and a net margin of 3.08%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) earnings per share. As a group, analysts expect that Crocs, Inc. will post 0.35 EPS for the current year.

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About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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