Crocs, Inc. (CROX) Upgraded to Hold at ValuEngine
ValuEngine upgraded shares of Crocs, Inc. (NASDAQ:CROX) from a sell rating to a hold rating in a report issued on Monday morning.
Several other brokerages have also issued reports on CROX. Zacks Investment Research lowered shares of Crocs from a hold rating to a sell rating in a report on Thursday, November 9th. Pivotal Research initiated coverage on shares of Crocs in a report on Thursday, October 5th. They set a hold rating and a $9.50 price objective on the stock. BidaskClub raised shares of Crocs from a buy rating to a strong-buy rating in a report on Friday, August 18th. Susquehanna Bancshares Inc reissued a positive rating and set a $8.00 price objective (up from $7.00) on shares of Crocs in a report on Thursday, August 10th. Finally, Piper Jaffray Companies reissued a hold rating and set a $9.00 price objective on shares of Crocs in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Crocs currently has an average rating of Hold and an average target price of $8.75.
Crocs (CROX) remained flat at $$10.56 during trading on Monday. 1,895,700 shares of the company traded hands, compared to its average volume of 1,110,646. Crocs has a 52 week low of $5.93 and a 52 week high of $10.80.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL purchased a new position in Crocs in the second quarter worth $100,000. BlueCrest Capital Management Ltd purchased a new position in Crocs in the second quarter worth $110,000. State of Alaska Department of Revenue grew its holdings 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 worth $112,000 after purchasing an additional 6,453 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in 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 worth $114,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Crocs in the second quarter worth $124,000. 90.76% 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.
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