Trexquant Investment LP Takes Position in Crocs, Inc. (CROX)
Trexquant Investment LP acquired a new stake in Crocs, Inc. (NASDAQ:CROX) during the third quarter, Holdings Channel reports. The firm acquired 26,708 shares of the textile maker’s stock, valued at approximately $569,000.
Several other large investors have also made changes to their positions in the company. Xact Kapitalforvaltning AB purchased a new position in shares of Crocs during the 2nd quarter worth about $236,000. Amalgamated Bank purchased a new position in shares of Crocs during the 2nd quarter worth about $195,000. Aperio Group LLC purchased a new position in shares of Crocs during the 2nd quarter worth about $179,000. TD Asset Management Inc. purchased a new position in shares of Crocs during the 2nd quarter worth about $3,631,000. Finally, First Trust Advisors LP purchased a new position in shares of Crocs during the 2nd quarter worth about $4,214,000.
NASDAQ CROX opened at $27.30 on Wednesday. Crocs, Inc. has a one year low of $10.53 and a one year high of $29.80. The company has a market capitalization of $1.86 billion, a P/E ratio of -1,365.00, a price-to-earnings-growth ratio of 5.60 and a beta of 0.64.
Several research analysts have recently weighed in on CROX shares. BidaskClub upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. Zacks Investment Research lowered shares of Crocs from a “strong-buy” rating to a “hold” rating in a report on Friday, August 10th. Piper Jaffray Companies set a $23.00 price objective on shares of Crocs and gave the stock a “buy” rating in a report on Monday, October 22nd. Pivotal Research set a $25.00 price objective on shares of Crocs and gave the stock a “buy” rating in a report on Tuesday, November 6th. Finally, UBS Group upgraded shares of Crocs to a “neutral” rating in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $19.43.
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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.
See Also: Institutional Investors
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