Bank of New York Mellon Corp Sells 37,637 Shares of Crocs, Inc. (NASDAQ:CROX)

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Bank of New York Mellon Corp lowered its position in Crocs, Inc. (NASDAQ:CROX) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 834,530 shares of the textile maker’s stock after selling 37,637 shares during the quarter. Bank of New York Mellon Corp owned 1.22% of Crocs worth $14,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Aperio Group LLC bought a new position in shares of Crocs during the 2nd quarter worth approximately $179,000. Brown Advisory Inc. bought a new position in shares of Crocs during the 1st quarter worth approximately $171,000. Amalgamated Bank bought a new position in shares of Crocs during the 2nd quarter worth approximately $195,000. SG Americas Securities LLC bought a new position in shares of Crocs during the 1st quarter worth approximately $184,000. Finally, Hartford Investment Management Co. boosted its holdings 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 worth $234,000 after buying an additional 3,074 shares in the last quarter. 97.24% of the stock is owned by institutional investors.

In other news, Director Thomas J. Smach sold 74,400 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $20.14, for a total transaction of $1,498,416.00. Following the completion of the sale, the director now directly owns 125,262 shares of the company’s stock, valued at approximately $2,522,776.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel P. Hart sold 20,831 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $20.00, for a total value of $416,620.00. Following the sale, the insider now directly owns 347,706 shares of the company’s stock, valued at $6,954,120. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

CROX has been the topic of a number of research analyst reports. TheStreet upgraded Crocs from a “c+” rating to a “b” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded Crocs from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Wednesday, August 8th. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. Finally, Pivotal Research reiterated a “buy” rating and issued a $21.00 target price on shares of Crocs in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.14.

Shares of CROX traded up $0.60 during trading hours on Friday, reaching $19.94. The stock had a trading volume of 1,081,178 shares, compared to its average volume of 1,053,976. Crocs, Inc. has a 12 month low of $8.64 and a 12 month high of $22.07. The stock has a market cap of $1.45 billion, a P/E ratio of -997.00, a P/E/G ratio of 5.26 and a beta of 0.50.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, August 7th. The textile maker reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.26. The business had revenue of $328.00 million during 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%. Analysts anticipate that Crocs, Inc. will post 0.27 earnings per share for the current fiscal year.

Crocs Company 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: Outstanding Shares, Buying and Selling Stocks

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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