Crocs, Inc. (NASDAQ:CROX) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Crocs from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $7.00 price objective (up from $6.00) on shares of Crocs in a research note on Friday, May 12th. TheStreet raised shares of Crocs from a “d” rating to a “c-” rating in a research note on Wednesday, June 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $8.00 price objective (up from $7.00) on shares of Crocs in a research note on Saturday, July 22nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Crocs in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.60.

Crocs (CROX) traded up 0.90% during midday trading on Friday, reaching $9.01. 643,919 shares of the company’s stock traded hands. Crocs has a 1-year low of $5.93 and a 1-year high of $9.70. The stock’s 50 day moving average price is $8.38 and its 200 day moving average price is $7.22. The firm’s market cap is $646.57 million.

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

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/01/valuengine-lowers-crocs-inc-crox-to-sell.html.

A number of hedge funds and other institutional investors have recently modified their holdings of CROX. Tudor Investment Corp ET AL bought a new position in shares of Crocs during the second quarter valued at about $100,000. BlueCrest Capital Management Ltd bought a new position in shares of Crocs during the second quarter valued at about $110,000. State of Alaska Department of Revenue raised its position in shares of 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 in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Crocs by 12.0% in the second quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock valued at $114,000 after buying an additional 1,586 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Crocs during the first quarter valued at about $111,000. 88.59% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Stock Ratings for Crocs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs Inc. and related stocks with our FREE daily email newsletter.