Piper Jaffray Companies set a $12.00 price objective on Crocs (NASDAQ:CROX) in a research note published on Monday morning. The firm currently has a hold rating on the textile maker’s stock.

Several other brokerages have also recently weighed in on CROX. ValuEngine cut Crocs from a hold rating to a sell rating in a research note on Tuesday, November 7th. Buckingham Research cut 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 report on Thursday, November 9th. BidaskClub lowered Crocs from a strong-buy rating to a buy rating in a research report on Thursday, January 4th. Finally, Pivotal Research began 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Crocs has an average rating of Hold and an average price target of $10.67.

Shares of Crocs (NASDAQ CROX) traded down $0.05 during trading hours on Monday, reaching $13.45. The company’s stock had a trading volume of 1,625,800 shares, compared to its average volume of 1,621,243. Crocs has a fifty-two week low of $5.93 and a fifty-two week high of $14.30. The company has a market cap of $937.03, a PE ratio of -43.39, a PEG ratio of 2.96 and a beta of 0.43.

Several institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its position in shares of Crocs by 0.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 30,036 shares of the textile maker’s stock valued at $232,000 after purchasing an additional 98 shares during the last quarter. Arizona State Retirement System increased its position in shares of Crocs by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 38,588 shares of the textile maker’s stock valued at $298,000 after purchasing an additional 200 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Crocs by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,071 shares of the textile maker’s stock valued at $471,000 after purchasing an additional 1,553 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Crocs by 12.0% during the 2nd 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. Finally, Thrivent Financial For Lutherans increased its position in shares of Crocs by 7.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 44,470 shares of the textile maker’s stock valued at $343,000 after purchasing an additional 3,160 shares during the last quarter. 91.94% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Crocs (NASDAQ:CROX)

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