Crocs (NASDAQ:CROX) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Crocs (NASDAQ:CROX) from a buy rating to a hold rating in a research report report published on Tuesday, BidAskClub reports.

Several other brokerages have also issued reports on CROX. Susquehanna Bancshares raised Crocs from a neutral rating to a positive rating in a research report on Thursday, January 2nd. Zacks Investment Research lowered Crocs from a strong-buy rating to a hold rating in a research report on Tuesday, December 31st. CL King reaffirmed a buy rating and set a $43.00 target price on shares of Crocs in a research report on Friday, December 27th. Piper Jaffray Companies reaffirmed a buy rating and set a $44.00 target price on shares of Crocs in a research report on Tuesday, December 24th. Finally, Pivotal Research reaffirmed a buy rating and set a $49.00 target price on shares of Crocs in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $38.50.

Shares of NASDAQ:CROX opened at $37.31 on Tuesday. The firm has a market cap of $2.56 billion, a P/E ratio of -113.06, a P/E/G ratio of 1.16 and a beta of 0.95. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 2.80. Crocs has a 12-month low of $17.52 and a 12-month high of $43.79. The business has a fifty day simple moving average of $40.66 and a 200 day simple moving average of $33.10.

A number of institutional investors have recently modified their holdings of CROX. FMR LLC grew its holdings in Crocs by 54.2% during the 1st quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock worth $73,000 after acquiring an additional 1,000 shares during the period. Bank of America Corp DE grew its holdings in Crocs by 29.7% during the 2nd quarter. Bank of America Corp DE now owns 89,296 shares of the textile maker’s stock worth $1,763,000 after acquiring an additional 20,450 shares during the period. Nuveen Asset Management LLC acquired a new stake in Crocs during the 2nd quarter worth about $7,426,000. United Services Automobile Association grew its holdings in Crocs by 7.8% during the 2nd quarter. United Services Automobile Association now owns 17,749 shares of the textile maker’s stock worth $351,000 after acquiring an additional 1,281 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Crocs during the 3rd quarter worth about $305,000.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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Analyst Recommendations for Crocs (NASDAQ:CROX)

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