NumerixS Investment Technologies Inc grew its holdings in Crocs, Inc. (NASDAQ:CROX) by 277.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,414 shares of the textile maker’s stock after acquiring an additional 4,714 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Crocs were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of CROX. Swiss National Bank increased its stake in shares of Crocs by 1.2% in the first quarter. Swiss National Bank now owns 121,800 shares of the textile maker’s stock valued at $3,136,000 after buying an additional 1,400 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Crocs in the first quarter valued at $492,000. CIBC World Markets Inc. acquired a new stake in shares of Crocs in the first quarter valued at $1,284,000. Apertura Capital LLC acquired a new stake in shares of Crocs in the first quarter valued at $12,875,000. Finally, Signaturefd LLC acquired a new stake in shares of Crocs in the first quarter valued at $29,000. 97.21% of the stock is owned by institutional investors.
Shares of CROX stock opened at $19.21 on Thursday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.95 and a quick ratio of 1.32. The stock has a market capitalization of $1.42 billion, a P/E ratio of 22.34, a PEG ratio of 1.06 and a beta of 0.96. Crocs, Inc. has a 12 month low of $16.26 and a 12 month high of $31.88.
Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, May 7th. The textile maker reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.11. The firm had revenue of $295.95 million during the quarter, compared to analyst estimates of $288.72 million. Crocs had a return on equity of 35.81% and a net margin of 4.97%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. Equities analysts anticipate that Crocs, Inc. will post 1.25 earnings per share for the current fiscal year.
Crocs announced that its Board of Directors has approved a share buyback program on Tuesday, May 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the textile maker to repurchase up to 25.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
CROX has been the subject of a number of research reports. Monness Crespi & Hardt upgraded Crocs from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, February 28th. ValuEngine lowered Crocs from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Zacks Investment Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, Piper Jaffray Companies lowered Crocs from an “overweight” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Crocs presently has an average rating of “Buy” and an average price target of $30.96.
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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