Crocs, Inc. (NASDAQ:CROX) reached a new 52-week high on Wednesday . The company traded as high as $11.33 and last traded at $11.08, with a volume of 831200 shares. The stock had previously closed at $11.03.

CROX has been the subject of a number of recent research reports. ValuEngine downgraded Crocs from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. BidaskClub upgraded Crocs from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Zacks Investment Research downgraded Crocs from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Pivotal Research initiated coverage on Crocs in a research report on Thursday, October 5th. They set a “hold” rating and a $9.50 target price for the company. Finally, CL King downgraded Crocs from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL bought a new stake in Crocs in the second quarter valued at about $100,000. BlueCrest Capital Management Ltd bought a new stake in Crocs in the second quarter valued at about $110,000. Public Employees Retirement System of Ohio increased 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 valued at $114,000 after purchasing an additional 1,586 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Crocs in the second quarter valued at about $124,000. Finally, GRT Capital Partners L.L.C. bought a new stake in Crocs in the second quarter valued at about $131,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

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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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