Crocs, Inc. (NASDAQ:CROX)‘s stock had its “hold” rating reiterated by equities research analysts at Piper Jaffray Companies in a report released on Friday. They presently have a $7.00 target price on the textile maker’s stock. Piper Jaffray Companies’ target price indicates a potential downside of 6.67% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. B. Riley restated a “neutral” rating and issued a $8.00 price target on shares of Crocs in a research note on Saturday, May 13th. BidaskClub cut Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut Crocs from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $7.00 price objective (up previously from $6.00) on shares of Crocs in a research report on Friday, May 12th. Finally, TheStreet upgraded Crocs from a “d” rating to a “c-” rating in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $8.25.

Shares of Crocs (CROX) traded down 0.40% during midday trading on Friday, hitting $7.51. The stock had a trading volume of 519,603 shares. Crocs has a 12 month low of $5.93 and a 12 month high of $12.53. The stock’s market cap is $556.37 million. The stock’s 50-day moving average is $6.99 and its 200-day moving average is $6.84.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Wednesday, May 10th. The textile maker reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.08. Crocs had a negative return on equity of 4.89% and a negative net margin of 1.52%. The firm had revenue of $267.90 million during the quarter, compared to analysts’ expectations of $258.10 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that Crocs will post ($0.04) EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. Frontier Capital Management Co. LLC boosted its stake in Crocs by 5.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,260,985 shares of the textile maker’s stock worth $23,152,000 after buying an additional 123,612 shares during the period. VSR Financial Services Inc. boosted its stake in Crocs by 31.6% in the fourth quarter. VSR Financial Services Inc. now owns 147,339 shares of the textile maker’s stock worth $1,509,000 after buying an additional 35,398 shares during the period. Investment Counselors of Maryland LLC boosted its stake in Crocs by 1.2% in the fourth quarter. Investment Counselors of Maryland LLC now owns 1,177,575 shares of the textile maker’s stock worth $12,058,000 after buying an additional 14,525 shares during the period. California State Teachers Retirement System boosted its stake in Crocs by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 142,705 shares of the textile maker’s stock worth $1,461,000 after buying an additional 2,306 shares during the period. Finally, Rhumbline Advisers boosted its stake in Crocs by 6.4% in the fourth quarter. Rhumbline Advisers now owns 105,612 shares of the textile maker’s stock worth $1,081,000 after buying an additional 6,340 shares during the period. Institutional investors own 90.93% of the company’s stock.

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.

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