Crocs, Inc. (NASDAQ:CROX) shares fell 10.4% during trading on Friday . The company traded as low as $9.13 and last traded at $9.14. 2,047,455 shares traded hands during trading, an increase of 97% from the average session volume of 1,040,557 shares. The stock had previously closed at $10.20.

A number of research firms have commented on CROX. ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Pivotal Research began coverage on shares of Crocs in a research report on Thursday, October 5th. They set a “hold” rating and a $9.50 target price on the stock. Zacks Investment Research downgraded shares of Crocs from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub raised shares of Crocs from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $8.00 price target (up from $7.00) on shares of Crocs in a report on Thursday, August 10th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $8.75.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The company had revenue of $313.20 million during the quarter, compared to analysts’ expectations of $311.33 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. equities analysts forecast that Crocs, Inc. will post -0.03 EPS for the current year.

Several large investors have recently modified their holdings of CROX. Dimensional Fund Advisors LP boosted its holdings in shares of Crocs by 36.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,532,024 shares of the textile maker’s stock worth $27,232,000 after acquiring an additional 937,111 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Crocs by 53.1% during the first quarter. Renaissance Technologies LLC now owns 2,127,636 shares of the textile maker’s stock worth $15,042,000 after acquiring an additional 737,636 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Crocs by 6.4% during the second quarter. Vanguard Group Inc. now owns 6,846,368 shares of the textile maker’s stock worth $52,787,000 after acquiring an additional 408,899 shares during the period. Morgan Stanley boosted its holdings in shares of Crocs by 37.6% during the first quarter. Morgan Stanley now owns 1,327,853 shares of the textile maker’s stock worth $9,388,000 after acquiring an additional 362,712 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in shares of Crocs during the second quarter worth approximately $1,209,000. Institutional investors own 88.60% of the company’s stock.

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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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