Crocs, Inc. (CROX) Receives Consensus Recommendation of “Hold” from Brokerages

Crocs, Inc. (NASDAQ:CROX) has been given an average recommendation of “Hold” by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.20.

A number of equities research analysts have recently commented on CROX shares. Zacks Investment Research cut Crocs from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. BidaskClub upgraded Crocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Buckingham Research cut Crocs from a “neutral” rating to an “underperform” rating in a research report on Friday, January 5th. Pivotal Research started coverage on Crocs in a research report on Thursday, October 5th. They set a “hold” rating and a $9.50 target price on the stock. Finally, ValuEngine cut Crocs from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th.

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

Crocs (CROX) traded up $0.01 during trading hours on Friday, hitting $13.62. The stock had a trading volume of 721,350 shares, compared to its average volume of 1,505,444. Crocs has a 52-week low of $5.93 and a 52-week high of $14.30. The firm has a market cap of $948.88, a PE ratio of -43.94, a PEG ratio of 2.96 and a beta of 0.43.

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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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