Crocs, Inc. (NASDAQ:CROX) has received an average rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $8.60.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Crocs from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Monday. BidaskClub raised Crocs from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research note on Friday. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $8.00 target price (up from $7.00) on shares of Crocs in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $9.00 target price on shares of Crocs in a research note on Wednesday, August 9th.

Several hedge funds have recently bought and sold shares of CROX. Tudor Investment Corp ET AL acquired a new stake in Crocs during the second quarter valued at about $100,000. BlueCrest Capital Management Ltd acquired a new stake in Crocs during the second quarter valued at about $110,000. Capital Fund Management S.A. purchased a new stake in Crocs during the first quarter valued at $111,000. State of Alaska Department of Revenue boosted its stake in Crocs by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock valued at $112,000 after buying an additional 6,453 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Crocs during the first quarter valued at $113,000. 90.27% of the stock is currently owned by institutional investors.

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Shares of Crocs (NASDAQ:CROX) traded up 0.53% during midday trading on Tuesday, hitting $9.45. The company had a trading volume of 2,947,963 shares. Crocs has a 52 week low of $5.93 and a 52 week high of $9.54. The company’s market capitalization is $678.14 million. The firm’s 50 day moving average is $7.93 and its 200 day moving average is $7.04.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The firm had revenue of $313.20 million for the quarter, compared to the consensus estimate of $311.33 million. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. Equities research analysts anticipate that Crocs will post ($0.03) EPS for the current year.

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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