Crocs, Inc. (CROX) Position Boosted by Engineers Gate Manager LP
Engineers Gate Manager LP increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,072 shares of the textile maker’s stock after buying an additional 26,547 shares during the quarter. Engineers Gate Manager LP owned about 0.16% of Crocs worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Crocs by 3.8% in the 1st quarter. BlackRock Inc. now owns 9,452,829 shares of the textile maker’s stock worth $153,608,000 after purchasing an additional 346,122 shares during the period. Loomis Sayles & Co. L P purchased a new position in shares of Crocs in the 1st quarter worth about $14,109,000. Acadian Asset Management LLC raised its holdings in shares of Crocs by 89.8% in the 2nd quarter. Acadian Asset Management LLC now owns 665,611 shares of the textile maker’s stock worth $11,724,000 after purchasing an additional 314,845 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Crocs in the 1st quarter worth about $9,726,000. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Crocs in the 1st quarter worth about $7,719,000. Hedge funds and other institutional investors own 98.25% of the company’s stock.
CROX stock opened at $17.94 on Tuesday. Crocs, Inc. has a 1 year low of $8.36 and a 1 year high of $19.54. The stock has a market capitalization of $1.26 billion, a PE ratio of -897.00, a P/E/G ratio of 4.58 and a beta of 0.45.
A number of equities analysts have recently commented on the company. TheStreet upgraded Crocs from a “c+” rating to a “b” rating in a report on Thursday, August 9th. Zacks Investment Research downgraded Crocs from a “strong-buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies set a $20.00 price objective on Crocs and gave the stock a “buy” rating in a report on Friday, June 1st. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Finally, Pivotal Research restated a “buy” rating and issued a $21.00 price objective on shares of Crocs in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.86.
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.
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