Crocs (NASDAQ:CROX) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat Ratings reports.

CROX has been the topic of a number of other reports. Zacks Investment Research cut Crocs from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub cut Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. CL King cut Crocs from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Finally, Pivotal Research assumed coverage on Crocs in a research note on Thursday, October 5th. They set a “hold” rating and a $9.50 price objective on the stock. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Crocs presently has a consensus rating of “Hold” and a consensus price target of $8.75.

Crocs (CROX) opened at $12.90 on Friday. Crocs has a 12 month low of $5.93 and a 12 month high of $13.04.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in shares of Crocs by 60.8% in the second quarter. Russell Investments Group Ltd. now owns 270,775 shares of the textile maker’s stock worth $2,088,000 after purchasing an additional 102,378 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Crocs in the second quarter worth about $933,000. Renaissance Technologies LLC grew its stake in shares of Crocs by 18.2% in the second quarter. Renaissance Technologies LLC now owns 2,515,710 shares of the textile maker’s stock worth $19,396,000 after purchasing an additional 388,074 shares during the last quarter. Strs Ohio bought a new stake in shares of Crocs in the third quarter worth about $812,000. Finally, Alliancebernstein L.P. grew its stake in shares of Crocs by 1.4% in the second quarter. Alliancebernstein L.P. now owns 7,115,223 shares of the textile maker’s stock worth $54,858,000 after purchasing an additional 101,085 shares during the last quarter. 91.94% of the stock is currently owned by institutional investors.

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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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