Pivotal Research Reiterates “Hold” Rating for Crocs (CROX)

Pivotal Research restated their hold rating on shares of Crocs (NASDAQ:CROX) in a research report sent to investors on Wednesday, January 10th, Marketbeat.com reports. They currently have a $13.00 price objective on the textile maker’s stock, up from their prior price objective of $10.00.

Other research analysts have also recently issued research reports about the company. ValuEngine cut Crocs from a hold rating to a sell rating in a research report on Tuesday, November 7th. Piper Jaffray Companies set a $12.00 target price on Crocs and gave the company a hold rating in a research note on Monday, January 8th. Buckingham Research lowered Crocs from a neutral rating to an underperform rating in a research note on Friday, January 5th. Zacks Investment Research lowered Crocs from a hold rating to a sell rating in a research note on Thursday, November 9th. Finally, BidaskClub lowered Crocs from a strong-buy rating to a buy rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $10.67.

Shares of Crocs (NASDAQ:CROX) opened at $13.40 on Wednesday. Crocs has a 1-year low of $5.93 and a 1-year high of $14.30. The firm has a market capitalization of $948.88, a P/E ratio of -38.28, a price-to-earnings-growth ratio of 2.93 and a beta of 0.43.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, November 7th. The textile maker reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Crocs had a negative return on equity of 0.42% and a negative net margin of 0.60%. equities analysts expect that Crocs will post -0.06 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of CROX. Alliancebernstein L.P. raised its position in Crocs by 1.4% during the 2nd quarter. Alliancebernstein L.P. now owns 7,115,223 shares of the textile maker’s stock valued at $54,858,000 after purchasing an additional 101,085 shares during the last quarter. Vanguard Group Inc. raised its position in Crocs by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,846,368 shares of the textile maker’s stock valued at $52,787,000 after purchasing an additional 408,899 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Crocs by 12.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,972,770 shares of the textile maker’s stock valued at $38,536,000 after purchasing an additional 440,746 shares during the last quarter. Renaissance Technologies LLC raised its position in Crocs by 18.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,515,710 shares of the textile maker’s stock valued at $19,396,000 after purchasing an additional 388,074 shares during the last quarter. Finally, State Street Corp raised its position in shares of Crocs by 3.3% in the 2nd quarter. State Street Corp now owns 1,777,274 shares of the textile maker’s stock worth $13,705,000 after acquiring an additional 56,238 shares in the last quarter. Institutional investors own 91.94% of the company’s stock.

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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)

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