Crocs (CROX) Downgraded by Buckingham Research to “Underperform”

Buckingham Research lowered shares of Crocs (NASDAQ:CROX) from a neutral rating to an underperform rating in a research report sent to investors on Friday morning, The Fly reports.

Several other research analysts have also recently commented on CROX. Pivotal Research initiated coverage on shares of Crocs in a report on Thursday, October 5th. They set a hold rating and a $9.50 target price on the stock. Zacks Investment Research cut shares of Crocs from a strong-buy rating to a hold rating in a report on Tuesday, October 17th. ValuEngine raised shares of Crocs from a sell rating to a hold rating in a report on Wednesday, October 25th. CL King cut shares of Crocs from a buy rating to a neutral rating in a report on Monday, November 20th. Finally, Stifel Nicolaus upgraded shares of Crocs from a hold rating to a buy rating in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Crocs has an average rating of Hold and a consensus target price of $9.25.

Shares of Crocs (CROX) traded up $1.03 on Friday, hitting $13.23. 2,862,800 shares of the stock traded hands, compared to its average volume of 1,509,940. Crocs has a 12 month low of $5.93 and a 12 month high of $13.55. The company has a market capitalization of $921.71, a PE ratio of -42.68, a PEG ratio of 2.96 and a beta of 0.43.

Large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new position in shares of Crocs during the second quarter worth $100,000. BlueCrest Capital Management Ltd acquired a new position in shares of Crocs during the second quarter worth $110,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Crocs by 12.0% during the second quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock worth $114,000 after purchasing an additional 1,586 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Crocs during the second quarter worth $124,000. Finally, GRT Capital Partners L.L.C. bought a new position in Crocs during the second quarter worth $131,000. Institutional investors own 91.94% of the company’s stock.

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About Crocs

Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.

The Fly

Analyst Recommendations for Crocs (NASDAQ:CROX)

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