Dynamic Technology Lab Private Ltd Invests $1.63 Million in Crocs, Inc. (CROX)
Dynamic Technology Lab Private Ltd purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the third quarter, Holdings Channel reports. The fund purchased 76,435 shares of the textile maker’s stock, valued at approximately $1,627,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. United Services Automobile Association grew its holdings in shares of Crocs by 29.3% during the second quarter. United Services Automobile Association now owns 14,756 shares of the textile maker’s stock worth $260,000 after buying an additional 3,347 shares in the last quarter. Chicago Equity Partners LLC grew its holdings in shares of Crocs by 9.5% during the third quarter. Chicago Equity Partners LLC now owns 41,790 shares of the textile maker’s stock worth $890,000 after buying an additional 3,620 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Crocs by 3.9% during the second quarter. Legal & General Group Plc now owns 149,464 shares of the textile maker’s stock worth $2,638,000 after buying an additional 5,591 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Crocs by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 840,984 shares of the textile maker’s stock worth $17,905,000 after buying an additional 6,454 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Crocs during the second quarter worth about $137,000.
CROX has been the subject of a number of recent research reports. Piper Jaffray Companies set a $31.00 price target on shares of Crocs and gave the stock a “buy” rating in a report on Tuesday. UBS Group upgraded shares of Crocs to a “neutral” rating in a report on Monday, November 12th. Pivotal Research set a $25.00 price target on shares of Crocs and gave the stock a “buy” rating in a report on Tuesday, November 6th. BidaskClub upgraded shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, October 9th. 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 company. The stock has a consensus rating of “Buy” and a consensus target price of $19.43.
Crocs (NASDAQ:CROX) last released its earnings results on Thursday, November 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. Crocs had a net margin of 3.08% and a return on equity of 17.27%. The firm had revenue of $261.10 million during the quarter, compared to the consensus estimate of $246.47 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Crocs’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Crocs, Inc. will post 0.43 EPS for the current year.
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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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