Crocs (NASDAQ:CROX) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, ValuEngine reports.

Several other analysts have also recently weighed in on the company. Robert W. Baird raised Crocs from a “neutral” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Friday, June 21st. BidaskClub lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Susquehanna Bancshares lifted their price target on shares of Crocs from $35.00 to $38.00 and gave the stock a “positive” rating in a research report on Friday, August 2nd. Zacks Investment Research raised shares of Crocs from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Friday, August 2nd. Finally, Piper Jaffray Companies raised shares of Crocs from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $22.00 to $27.00 in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Crocs has a consensus rating of “Buy” and an average target price of $30.29.

Shares of CROX stock traded up $0.94 on Wednesday, reaching $27.40. 1,470,262 shares of the stock were exchanged, compared to its average volume of 1,625,120. The stock has a market cap of $1.84 billion, a PE ratio of 31.86, a P/E/G ratio of 1.23 and a beta of 0.99. Crocs has a one year low of $17.52 and a one year high of $31.88. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.74 and a quick ratio of 1.22. The stock has a 50 day moving average price of $23.97 and a 200 day moving average price of $23.63.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. The business had revenue of $358.90 million for the quarter, compared to analyst estimates of $360.46 million. Crocs had a return on equity of 47.15% and a net margin of 5.61%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, research analysts expect that Crocs will post 1.4 earnings per share for the current fiscal year.

In other Crocs news, Director Doreen A. Wright sold 7,068 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.00, for a total value of $183,768.00. Following the transaction, the director now owns 55,680 shares of the company’s stock, valued at $1,447,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.42% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP raised its position in shares of Crocs by 95.0% in the 1st quarter. Marshall Wace LLP now owns 1,739,464 shares of the textile maker’s stock valued at $44,790,000 after acquiring an additional 847,515 shares during the period. Morgan Stanley increased its stake in Crocs by 911.1% in the second quarter. Morgan Stanley now owns 612,905 shares of the textile maker’s stock valued at $12,105,000 after purchasing an additional 552,290 shares in the last quarter. Renaissance Technologies LLC increased its stake in Crocs by 15.4% in the second quarter. Renaissance Technologies LLC now owns 3,855,300 shares of the textile maker’s stock valued at $76,142,000 after purchasing an additional 513,900 shares in the last quarter. Apertura Capital LLC acquired a new stake in Crocs in the first quarter worth $12,875,000. Finally, Nuveen Asset Management LLC acquired a new stake in Crocs in the second quarter worth $7,426,000.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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Analyst Recommendations for Crocs (NASDAQ:CROX)

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