Crocs (NASDAQ:CROX) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Other equities research analysts have also issued reports about the company. Pivotal Research reiterated a “buy” rating and set a $21.00 price target on shares of Crocs in a report on Tuesday, August 7th. Zacks Investment Research upgraded Crocs from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Wednesday, August 8th. TheStreet upgraded Crocs from a “c+” rating to a “b” rating in a report on Thursday, August 9th. Piper Jaffray Companies set a $23.00 price target on Crocs and gave the company a “buy” rating in a report on Monday, October 22nd. Finally, UBS Group upgraded Crocs to a “neutral” rating in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.43.

NASDAQ:CROX opened at $26.31 on Wednesday. Crocs has a fifty-two week low of $10.55 and a fifty-two week high of $29.80. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 170.63, a price-to-earnings-growth ratio of 5.25 and a beta of 0.64.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, November 8th. The textile maker reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. Crocs had a return on equity of 17.27% and a net margin of 3.08%. The company had revenue of $261.10 million for the quarter, compared to analysts’ expectations of $246.47 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that Crocs will post -0.02 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in CROX. Amalgamated Bank bought a new stake in shares of Crocs during the 2nd quarter valued at $195,000. Aperio Group LLC purchased a new position in shares of Crocs during the 2nd quarter valued at $179,000. TD Asset Management Inc. purchased a new position in shares of Crocs during the 2nd quarter valued at $3,631,000. First Trust Advisors LP purchased a new position in shares of Crocs during the 2nd quarter valued at $4,214,000. Finally, Fiera Capital Corp purchased a new position in shares of Crocs during the 2nd quarter valued at $881,000.

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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