Crocs (NASDAQ:CROX) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Crocs (NASDAQ:CROX) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also recently issued reports on CROX. Robert W. Baird dropped their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Barclays decreased their price objective on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Needham & Company LLC began coverage on Crocs in a report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective on the stock. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and a consensus target price of $144.47.

Crocs Trading Down 0.1 %

Shares of CROX stock opened at $88.83 on Wednesday. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.93. Crocs has a 12-month low of $88.25 and a 12-month high of $165.32. The stock’s 50-day moving average price is $105.75 and its 200-day moving average price is $119.68. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Institutional Trading of Crocs

Several hedge funds have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC raised its holdings in shares of Crocs by 3.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after purchasing an additional 100 shares in the last quarter. Covestor Ltd increased its holdings in Crocs by 10.3% in the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after buying an additional 114 shares during the last quarter. Valmark Advisers Inc. grew its position in Crocs by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after acquiring an additional 117 shares in the last quarter. Manchester Capital Management LLC increased its position in Crocs by 9.9% during the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after buying an additional 129 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.