Crocs, Inc. (NASDAQ:CROX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Crocs, Inc. is a world leader in innovative casual footwear for men, women and children. Crocs offers a broad portfolio of all-season products, while remaining true to its core molded footwear heritage. All Crocs™ shoes feature Croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans have known and love. Crocs celebrates the fun of being a little different and encourages fans to Find Your Fun in every colorful pair of shoes. Crocs has sold more than 300 million pairs of shoes in more than 90 countries around the world. “

Several other equities analysts have also recently commented on CROX. Stifel Nicolaus restated a “hold” rating and set a $8.00 target price (up from $7.00) on shares of Crocs in a research report on Saturday, July 22nd. Piper Jaffray Companies restated a “hold” rating and set a $9.00 target price on shares of Crocs in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $8.00 price objective (up from $7.00) on shares of Crocs in a report on Thursday, August 10th. ValuEngine upgraded Crocs from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Crocs currently has a consensus rating of “Hold” and a consensus price target of $8.75.

Crocs (NASDAQ CROX) traded down $0.10 during trading on Wednesday, reaching $10.46. The company had a trading volume of 821,400 shares, compared to its average volume of 1,109,331. Crocs has a twelve month low of $5.93 and a twelve month high of $10.80.

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Several institutional investors and hedge funds have recently bought and sold shares of CROX. UBS Asset Management Americas Inc. lifted its stake in shares of Crocs by 0.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 30,036 shares of the textile maker’s stock valued at $232,000 after acquiring an additional 98 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Crocs by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the textile maker’s stock valued at $367,000 after acquiring an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Crocs by 1.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 16,340 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Crocs by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 38,588 shares of the textile maker’s stock valued at $298,000 after acquiring an additional 200 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Crocs by 1.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,543 shares of the textile maker’s stock valued at $145,000 after acquiring an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 90.76% 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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