California State Teachers Retirement System Has $1.01 Million Stake in Crocs, Inc. (CROX)

California State Teachers Retirement System reduced its stake in Crocs, Inc. (NASDAQ:CROX) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,180 shares of the textile maker’s stock after selling 14,000 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Crocs worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its position in Crocs by 110.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 29,938 shares of the textile maker’s stock valued at $212,000 after acquiring an additional 15,699 shares in the last quarter. Vanguard Group Inc. lifted its position in Crocs by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 6,437,469 shares of the textile maker’s stock valued at $45,513,000 after acquiring an additional 253,305 shares in the last quarter. Geode Capital Management LLC lifted its position in Crocs by 0.8% in the 1st quarter. Geode Capital Management LLC now owns 620,075 shares of the textile maker’s stock valued at $4,383,000 after acquiring an additional 5,055 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Crocs by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,594,913 shares of the textile maker’s stock valued at $18,346,000 after acquiring an additional 220,190 shares in the last quarter. Finally, KCG Holdings Inc. bought a new position in Crocs in the 1st quarter valued at approximately $224,000. 89.80% of the stock is currently owned by hedge funds and other institutional investors.

CROX has been the topic of several analyst reports. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Pivotal Research initiated coverage on Crocs in a research report on Thursday, October 5th. They issued a “hold” rating and a $9.50 price objective on the stock. Zacks Investment Research cut Crocs from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub cut Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $8.00 price objective (up from $7.00) on shares of Crocs in a research report on Thursday, August 10th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Crocs presently has a consensus rating of “Hold” and a consensus price target of $8.75.

Shares of Crocs, Inc. (CROX) opened at $11.03 on Monday. Crocs, Inc. has a 12 month low of $5.93 and a 12 month high of $11.20.

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Crocs Profile

Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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