Crocs (CROX) Cut to “Buy” at BidaskClub

Crocs (NASDAQ:CROX) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday, January 4th.

A number of other research firms have also recently commented on CROX. Stifel Nicolaus upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. CL King cut shares of Crocs from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Zacks Investment Research raised shares of Crocs from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Pivotal Research started coverage on shares of Crocs in a research note on Thursday, October 5th. They set a “hold” rating and a $9.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $10.67.

Crocs (NASDAQ:CROX) opened at $13.45 on Thursday. Crocs has a one year low of $5.93 and a one year high of $14.30. The firm has a market cap of $937.03, a P/E ratio of -43.39, a PEG ratio of 2.96 and a beta of 0.43.

Institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd bought a new position in Crocs in the second quarter worth about $933,000. Renaissance Technologies LLC raised its holdings in Crocs by 18.2% in the second quarter. Renaissance Technologies LLC now owns 2,515,710 shares of the textile maker’s stock worth $19,396,000 after purchasing an additional 388,074 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Crocs by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 27,800 shares of the textile maker’s stock worth $270,000 after purchasing an additional 10,290 shares in the last quarter. Strs Ohio purchased a new stake in shares of Crocs during the third quarter worth about $812,000. Finally, Alliancebernstein L.P. grew its stake in shares of Crocs by 1.4% during the second quarter. Alliancebernstein L.P. now owns 7,115,223 shares of the textile maker’s stock worth $54,858,000 after acquiring an additional 101,085 shares during the last quarter. Institutional investors and hedge funds own 91.94% of the company’s stock.

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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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