Crocs, Inc. (NASDAQ:CROX)’s share price was up 8.4% on Tuesday . The company traded as high as $13.55 and last traded at $13.23. Approximately 2,862,800 shares were traded during mid-day trading, an increase of 90% from the average daily volume of 1,509,940 shares. The stock had previously closed at $12.20.

Several equities analysts recently commented on the stock. ValuEngine lowered shares of Crocs from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies set a $12.00 price target on shares of Crocs and gave the stock a “hold” rating in a research report on Monday. Buckingham Research lowered shares of Crocs from a “neutral” rating to an “underperform” rating in a research report on Friday. Zacks Investment Research lowered shares of Crocs from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, BidaskClub lowered shares of Crocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.25.

The stock has a market cap of $940.52, a PE ratio of -43.55, a P/E/G ratio of 2.96 and a beta of 0.43.

A number of hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its position in Crocs by 0.3% during the second quarter. UBS Asset Management Americas Inc. now owns 30,036 shares of the textile maker’s stock worth $232,000 after purchasing an additional 98 shares during the last quarter. Arizona State Retirement System grew its stake in Crocs by 0.5% during the second quarter. Arizona State Retirement System now owns 38,588 shares of the textile maker’s stock worth $298,000 after buying an additional 200 shares during the period. The Manufacturers Life Insurance Company grew its stake in Crocs by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 61,071 shares of the textile maker’s stock worth $471,000 after buying an additional 1,553 shares during the period. Public Employees Retirement System of Ohio grew its stake in Crocs by 12.0% during the second quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock worth $114,000 after buying an additional 1,586 shares during the period. Finally, Thrivent Financial For Lutherans grew its stake in Crocs by 7.6% during the second quarter. Thrivent Financial For Lutherans now owns 44,470 shares of the textile maker’s stock worth $343,000 after buying an additional 3,160 shares during the period. 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.

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