Aigen Investment Management LP Invests $2.02 Million in Crocs, Inc. (NASDAQ:CROX)

Aigen Investment Management LP purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,975 shares of the textile maker's stock, valued at approximately $2,024,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and boosted their price target for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Guggenheim lowered their target price on shares of Crocs from $182.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Raymond James lowered shares of Crocs from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 30th. KeyCorp reduced their price objective on shares of Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Finally, Barclays cut their price target on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.14.

Crocs Stock Performance

Shares of Crocs stock traded down $0.87 during trading hours on Tuesday, reaching $101.98. The company's stock had a trading volume of 1,190,932 shares, compared to its average volume of 1,343,605. The stock has a market cap of $5.94 billion, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.02 and a beta of 2.01. The company's 50 day simple moving average is $130.72 and its 200 day simple moving average is $137.51. Crocs, Inc. has a one year low of $77.16 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS 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 company 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 earned $3.25 EPS. Crocs's revenue was up 1.6% on a year-over-year basis. As a group, analysts expect that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle acquired 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now directly owns 9,304 shares of the company's stock, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.72% of the company's stock.

Crocs 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.