BidaskClub upgraded shares of Crocs (NASDAQ:CROX) from a hold rating to a buy rating in a report released on Thursday.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upgraded Crocs from a hold rating to a buy rating in a report on Friday, December 15th. Zacks Investment Research upgraded Crocs from a sell rating to a buy rating and set a $15.00 price objective on the stock in a report on Tuesday, January 9th. Piper Jaffray Companies set a $12.00 price objective on Crocs and gave the stock a hold rating in a report on Monday, January 8th. ValuEngine upgraded Crocs from a sell rating to a hold rating in a report on Monday, November 13th. Finally, Pivotal Research assumed coverage on Crocs in a report on Thursday, October 5th. They set a hold rating and a $9.50 price target on the stock. One equities 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. The company presently has a consensus rating of Hold and an average target price of $10.67.

Crocs (CROX) traded up $0.01 during trading hours on Thursday, reaching $13.62. The company had a trading volume of 721,300 shares, compared to its average volume of 1,505,444. Crocs has a 12-month low of $5.93 and a 12-month high of $14.30. The firm has a market capitalization of $948.88, a P/E ratio of -38.91, a P/E/G ratio of 2.93 and a beta of 0.43.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, November 7th. The textile maker reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. Crocs had a negative return on equity of 0.42% and a negative net margin of 0.60%. analysts expect that Crocs will post -0.06 EPS for the current year.

A number of hedge funds have recently made changes to their positions in CROX. Tudor Investment Corp ET AL acquired a new position in Crocs during the second quarter valued at approximately $100,000. BlueCrest Capital Management Ltd acquired a new position in Crocs during the second quarter valued at approximately $110,000. Public Employees Retirement System of Ohio grew its holdings 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 valued at $114,000 after purchasing an additional 1,586 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Crocs during the second quarter valued at approximately $124,000. Finally, GRT Capital Partners L.L.C. acquired a new position in Crocs during the second quarter valued at approximately $131,000. Institutional investors own 91.94% of the company’s stock.

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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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