Dimensional Fund Advisors LP reduced its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,763,423 shares of the textile maker’s stock after selling 255,759 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Crocs worth $97,775,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in CROX. Oregon Public Employees Retirement Fund purchased a new stake in shares of Crocs during the 4th quarter worth about $25,000. PNC Financial Services Group Inc. boosted its stake in shares of Crocs by 26.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,282 shares of the textile maker’s stock worth $85,000 after acquiring an additional 679 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Crocs during the 4th quarter worth about $97,000. Meeder Asset Management Inc. boosted its stake in shares of Crocs by 1,399.6% during the 4th quarter. Meeder Asset Management Inc. now owns 4,094 shares of the textile maker’s stock worth $107,000 after acquiring an additional 3,821 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Crocs by 121.9% during the 4th quarter. LS Investment Advisors LLC now owns 4,724 shares of the textile maker’s stock worth $123,000 after acquiring an additional 2,595 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

CROX has been the topic of several recent analyst reports. BidaskClub lowered shares of Crocs from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. ValuEngine lowered shares of Crocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Monness Crespi & Hardt raised shares of Crocs from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, February 28th. Piper Jaffray Companies lowered shares of Crocs from an “overweight” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research lowered shares of Crocs from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 4th. Four research 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.

Shares of Crocs stock opened at $22.45 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.18 and a beta of 0.66. Crocs, Inc. has a twelve month low of $15.96 and a twelve month high of $31.88. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.32 and a current ratio of 1.95.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, May 7th. The textile maker reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.11. The firm had revenue of $295.95 million for the quarter, compared to analyst estimates of $288.72 million. Crocs had a net margin of 4.97% and a return on equity of 35.81%. Crocs’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. Sell-side analysts forecast that Crocs, Inc. will post 1.25 EPS for the current year.

Crocs declared that its Board of Directors has authorized a share buyback plan on Tuesday, May 7th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase up to 25.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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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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