Crocs, Inc. (NASDAQ:CROX) was downgraded by equities research analysts at CL King from a “buy” rating to a “neutral” rating in a report released on Monday.

CROX has been the topic of several other research reports. Zacks Investment Research cut Crocs from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. ValuEngine cut Crocs from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Pivotal Research started coverage on Crocs in a research report on Thursday, October 5th. They set a “hold” rating and a $9.50 target price on the stock. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $8.00 target price (up previously from $7.00) on shares of Crocs in a research report on Thursday, August 10th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.75.

Crocs (CROX) opened at $10.99 on Monday. Crocs has a 52-week low of $5.93 and a 52-week high of $11.08.

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A number of hedge funds have recently bought and sold shares of CROX. UBS Asset Management Americas Inc. lifted its stake in Crocs by 110.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 29,938 shares of the textile maker’s stock valued at $212,000 after buying an additional 15,699 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in Crocs by 3.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 41,310 shares of the textile maker’s stock valued at $292,000 after buying an additional 1,310 shares in the last quarter. Vanguard Group Inc. lifted its stake in Crocs by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 6,437,469 shares of the textile maker’s stock valued at $45,513,000 after buying an additional 253,305 shares in the last quarter. Geode Capital Management LLC lifted its stake in Crocs by 0.8% in the 1st quarter. Geode Capital Management LLC now owns 620,075 shares of the textile maker’s stock valued at $4,383,000 after buying an additional 5,055 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Crocs by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,594,913 shares of the textile maker’s stock valued at $18,346,000 after buying an additional 220,190 shares in the last quarter. 89.80% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Crocs (NASDAQ:CROX)

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