Crocs’ (CROX) Hold Rating Reiterated at Pivotal Research

Crocs (NASDAQ:CROX)‘s stock had its “hold” rating reissued by investment analysts at Pivotal Research in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They currently have a $13.00 price objective on the textile maker’s stock, up from their prior price objective of $10.00. Pivotal Research’s target price suggests a potential downside of 3.35% from the company’s previous close.

CROX has been the topic of several other reports. Zacks Investment Research lowered shares of Crocs from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. BidaskClub raised shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Buckingham Research downgraded shares of Crocs from a “neutral” rating to an “underperform” rating in a report on Friday, January 5th. CL King downgraded shares of Crocs from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Finally, ValuEngine downgraded shares of Crocs from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.67.

Shares of Crocs (NASDAQ:CROX) traded down $0.05 during trading hours on Wednesday, hitting $13.45. 1,625,811 shares of the company were exchanged, compared to its average volume of 1,621,244. Crocs has a fifty-two week low of $5.93 and a fifty-two week high of $14.30. The firm has a market capitalization of $937.03, a price-to-earnings ratio of -43.39, a price-to-earnings-growth ratio of 2.96 and a beta of 0.43.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL bought a new stake in Crocs in the 2nd quarter valued at about $100,000. BlueCrest Capital Management Ltd bought a new stake in Crocs in the 2nd quarter valued at about $110,000. Public Employees Retirement System of Ohio boosted its holdings in Crocs by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 1,586 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Crocs in the 2nd quarter valued at about $124,000. Finally, GRT Capital Partners L.L.C. bought a new stake in Crocs in the 2nd quarter valued at about $131,000. 91.94% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Crocs (NASDAQ:CROX)

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