BidaskClub Lowers Crocs (NASDAQ:CROX) to Hold

BidaskClub cut shares of Crocs (NASDAQ:CROX) from a buy rating to a hold rating in a research note published on Tuesday, BidAskClub reports.

A number of other analysts have also recently commented on the company. Pivotal Research reiterated a buy rating and set a $49.00 price objective on shares of Crocs in a research report on Thursday, January 9th. Piper Jaffray Companies reissued a buy rating and issued a $44.00 price target on shares of Crocs in a research note on Tuesday, December 24th. Monness Crespi & Hardt raised their price target on Crocs from $44.00 to $50.00 and gave the stock a buy rating in a research note on Wednesday, January 15th. ValuEngine lowered Crocs from a hold rating to a sell rating in a research note on Wednesday, January 29th. Finally, CL King reissued a buy rating and issued a $43.00 price target on shares of Crocs in a research note on Friday, December 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $38.50.

Crocs stock traded down $0.92 during midday trading on Tuesday, reaching $37.65. 21,933 shares of the company were exchanged, compared to its average volume of 904,123. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of -114.30, a P/E/G ratio of 1.16 and a beta of 0.95. The firm’s 50-day simple moving average is $40.72 and its 200-day simple moving average is $33.03. Crocs has a 1 year low of $17.52 and a 1 year high of $43.79. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.68.

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake in Crocs by 28.0% in the 4th quarter. Renaissance Technologies LLC now owns 4,801,332 shares of the textile maker’s stock worth $201,128,000 after buying an additional 1,051,432 shares during the last quarter. FMR LLC lifted its stake in shares of Crocs by 13.8% in the 4th quarter. FMR LLC now owns 2,016,239 shares of the textile maker’s stock valued at $84,459,000 after purchasing an additional 244,504 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Crocs by 40.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,009,041 shares of the textile maker’s stock valued at $84,159,000 after purchasing an additional 575,934 shares in the last quarter. State Street Corp lifted its stake in shares of Crocs by 5.9% in the 4th quarter. State Street Corp now owns 1,921,273 shares of the textile maker’s stock valued at $80,482,000 after purchasing an additional 107,691 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Crocs by 1,822.8% in the 3rd quarter. Voya Investment Management LLC now owns 1,217,642 shares of the textile maker’s stock valued at $33,802,000 after purchasing an additional 1,154,314 shares in the last quarter.

About Crocs

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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