Spark Investment Management LLC bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 431,900 shares of the textile maker’s stock, valued at approximately $7,605,000. Spark Investment Management LLC owned about 0.63% of Crocs at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Hartford Investment Management Co. boosted its stake in shares of Crocs by 30.1% during the 2nd quarter. Hartford Investment Management Co. now owns 13,274 shares of the textile maker’s stock valued at $234,000 after buying an additional 3,074 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Crocs by 3.3% during the 1st quarter. Wells Fargo & Company MN now owns 108,290 shares of the textile maker’s stock valued at $1,760,000 after buying an additional 3,487 shares during the last quarter. Cambria Investment Management L.P. boosted its stake in shares of Crocs by 11.5% during the 2nd quarter. Cambria Investment Management L.P. now owns 34,801 shares of the textile maker’s stock valued at $613,000 after buying an additional 3,600 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Crocs by 4.3% during the 1st quarter. Prudential Financial Inc. now owns 118,765 shares of the textile maker’s stock valued at $1,930,000 after buying an additional 4,950 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its stake in shares of Crocs by 18.8% during the 1st quarter. MetLife Investment Advisors LLC now owns 31,969 shares of the textile maker’s stock valued at $519,000 after buying an additional 5,056 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.

CROX stock opened at $19.53 on Tuesday. The company has a market cap of $1.27 billion, a P/E ratio of -976.50, a PEG ratio of 4.61 and a beta of 0.45. Crocs, Inc. has a 12-month low of $8.56 and a 12-month high of $19.66.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Tuesday, August 7th. The textile maker reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.26. The business had revenue of $328.00 million for the quarter, compared to analyst estimates of $321.47 million. Crocs had a return on equity of 13.84% and a net margin of 2.29%. research analysts predict that Crocs, Inc. will post 0.27 earnings per share for the current year.

Several equities analysts have recently commented on the company. TheStreet upgraded Crocs from a “c+” rating to a “b” rating in a research note on Thursday, August 9th. Zacks Investment Research cut Crocs from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 10th. Piper Jaffray Companies set a $20.00 price target on Crocs and gave the company a “buy” rating in a research report on Friday, June 1st. BidaskClub raised Crocs from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Pivotal Research reissued a “buy” rating and set a $21.00 price target on shares of Crocs in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Crocs currently has an average rating of “Hold” and an average target price of $15.86.

Crocs Profile

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.

Further Reading: Closed-End Mutual Funds

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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