Aigen Investment Management LP Acquires New Shares in Crocs, Inc. (NASDAQ:CROX)

Aigen Investment Management LP bought a new position in Crocs, Inc. (NASDAQ:CROX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,975 shares of the textile maker’s stock, valued at approximately $2,024,000.

A number of other institutional investors and hedge funds have also modified their holdings of CROX. Catalyst Capital Advisors LLC increased its holdings in Crocs by 2,775.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after buying an additional 7,633 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Crocs by 55.8% during the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after purchasing an additional 14,387 shares during the period. International Assets Investment Management LLC bought a new position in Crocs during the third quarter valued at approximately $2,076,000. Boston Partners purchased a new stake in Crocs in the first quarter worth approximately $10,771,000. Finally, Pinnacle Associates Ltd. grew its position in Crocs by 1,166.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 36,407 shares of the textile maker’s stock worth $5,272,000 after purchasing an additional 33,532 shares during the period. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Robert W. Baird lowered their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. KeyCorp lowered their target price on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Monness Crespi & Hardt cut their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Guggenheim lowered their price objective on shares of Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.14.

Crocs Price Performance

CROX traded down $0.53 during trading hours on Tuesday, hitting $102.32. The company’s stock had a trading volume of 109,797 shares, compared to its average volume of 1,338,846. Crocs, Inc. has a 12 month low of $77.16 and a 12 month high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $130.72 and its 200-day moving average price is $137.51. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 1.02 and a beta of 2.01.

Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $3.25 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Transactions at Crocs

In other news, Director John B. Replogle acquired 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.72% of the company’s stock.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.