Park Circle Co adds Crocs (CROX) to its portfolio

Crocs (CROX) : Park Circle Co added new position in Crocs during the most recent quarter end. The investment management firm now holds 100,000 shares of Crocs which is valued at $1,153,000 , the company said in a statement filed on Jul 21, 2016 with the SEC.Crocs makes up approximately 0.86% of Park Circle Co’s portfolio.

Other Hedge Funds, Including , 1st Global Advisors reduced its stake in CROX by selling 530 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 36,806 shares of CROX which is valued at $424,373. Crocs makes up approx 0.06% of 1st Global Advisors’s portfolio. Nisa Investment Advisors sold out all of its stake in CROX during the most recent quarter. The investment firm sold 25,800 shares of CROX which is valued $313,470.Bnp Paribas Arbitrage Sa boosted its stake in CROX in the latest quarter, The investment management firm added 11,782 additional shares and now holds a total of 23,033 shares of Crocs which is valued at $270,177.

Crocs closed down -0.11 points or -0.95% at $11.41 with 3,48,177 shares getting traded on Thursday. Post opening the session at $11.46, the shares hit an intraday low of $11.36 and an intraday high of $11.6 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Crocs reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.06. The company had revenue of $279.10 million for the quarter, compared to analysts expectations of $266.54 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Crocs. Crocs was Upgraded by Sterne Agee CRT to ” Buy” on May 10, 2016. Crocs was Downgraded by Stifel to ” Hold” on Apr 27, 2016.

Crocs Inc. is engaged in the design development manufacturing worldwide marketing and distribution of casual lifestyle footwear apparel and accessories for men women and children. The Company’s products include footwear and accessories. The Company operates four reportable operating segments based on the geographic nature of its operations: Americas Asia Pacific Japan and Europe. The Americas segment consists of product sales in the North and South America geographic regions. The Asia Pacific segment consists of product sales throughout Asia (excluding Japan) Australia New Zealand the Middle East and South Africa. The Japan segment consists of product sales in Japan. The Europe segment consists of product sales throughout Europe and Russia. The Company sells its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through company-operated retail stores outlets Webstores and kiosks.

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