Crocs (CROX) Rating Lowered to Hold at BidaskClub

Crocs (NASDAQ:CROX) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

Several other research analysts have also commented on CROX. Pivotal Research reaffirmed a “hold” rating and issued a $13.00 price target (up from $10.00) on shares of Crocs in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Crocs from a “sell” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, January 9th. CL King lowered shares of Crocs from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Piper Jaffray Companies set a $12.00 price target on shares of Crocs and gave the company a “hold” rating in a report on Monday, January 8th. Finally, ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.67.

Crocs (NASDAQ:CROX) opened at $13.82 on Friday. Crocs has a fifty-two week low of $5.93 and a fifty-two week high of $14.47. The company has a market cap of $964.20, a PE ratio of -44.58, a PEG ratio of 2.94 and a beta of 0.43.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Tuesday, November 7th. The textile maker reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Crocs had a negative net margin of 0.60% and a negative return on equity of 0.42%. The business had revenue of $243.27 million during the quarter, compared to analyst estimates of $236.90 million. research analysts predict that Crocs will post -0.05 EPS for the current year.

A number of institutional investors have recently bought and sold shares of CROX. Dimensional Fund Advisors LP boosted its stake in Crocs by 36.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,532,024 shares of the textile maker’s stock valued at $27,232,000 after purchasing an additional 937,111 shares during the period. Vanguard Group Inc. boosted its stake in Crocs by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,846,368 shares of the textile maker’s stock valued at $52,787,000 after purchasing an additional 408,899 shares during the period. Renaissance Technologies LLC boosted its stake in Crocs by 18.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,515,710 shares of the textile maker’s stock valued at $19,396,000 after purchasing an additional 388,074 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in Crocs by 24.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,399,970 shares of the textile maker’s stock valued at $13,580,000 after purchasing an additional 271,391 shares during the period. Finally, OxFORD Asset Management LLP boosted its stake in Crocs by 216.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 369,947 shares of the textile maker’s stock valued at $3,606,000 after purchasing an additional 253,160 shares during the period. 91.94% of the stock is owned by hedge funds and other institutional investors.

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Crocs Company Profile

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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