Pivotal Research began coverage on shares of Crocs, Inc. (NASDAQ:CROX) in a research report sent to investors on Thursday morning. The firm issued a hold rating and a $9.50 target price on the textile maker’s stock.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Crocs from a hold rating to a buy rating and set a $10.00 price target for the company in a research note on Monday, August 14th. BidaskClub raised shares of Crocs from a hold rating to a buy rating in a research note on Friday, August 11th. TheStreet raised shares of Crocs from a d rating to a c- rating in a research note on Wednesday, June 21st. Piper Jaffray Companies reaffirmed a hold rating and set a $9.00 price target on shares of Crocs in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $8.00 price target (up previously from $7.00) on shares of Crocs in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $8.75.

Crocs (CROX) traded up 0.93% on Thursday, hitting $9.74. The company’s stock had a trading volume of 808,538 shares. The firm has a 50 day moving average of $9.18 and a 200 day moving average of $7.63. Crocs has a 12 month low of $5.93 and a 12 month high of $9.90. The firm’s market cap is $698.95 million.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $313.20 million during the quarter, compared to the consensus estimate of $311.33 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Equities research analysts forecast that Crocs will post ($0.03) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Crocs, Inc. (CROX) Receives New Coverage from Analysts at Pivotal Research” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/06/crocs-inc-crox-receives-new-coverage-from-analysts-at-pivotal-research.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its holdings in Crocs by 1.4% in the second quarter. Alliancebernstein L.P. now owns 7,115,223 shares of the textile maker’s stock worth $54,858,000 after purchasing an additional 101,085 shares during the last quarter. Vanguard Group Inc. grew its holdings in Crocs by 6.4% in the second quarter. Vanguard Group Inc. now owns 6,846,368 shares of the textile maker’s stock worth $52,787,000 after purchasing an additional 408,899 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Crocs by 36.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,532,024 shares of the textile maker’s stock worth $27,232,000 after purchasing an additional 937,111 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Crocs by 18.2% in the second quarter. Renaissance Technologies LLC now owns 2,515,710 shares of the textile maker’s stock worth $19,396,000 after purchasing an additional 388,074 shares during the last quarter. Finally, State Street Corp grew its holdings in Crocs by 3.3% in the second quarter. State Street Corp now owns 1,777,274 shares of the textile maker’s stock worth $13,705,000 after purchasing an additional 56,238 shares during the last quarter. 88.56% 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.