Crocs (CROX) Rating Increased to Strong-Buy at BidaskClub

Crocs (NASDAQ:CROX) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Wednesday, December 27th.

CROX has been the topic of a number of other reports. Stifel Nicolaus raised Crocs from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded Crocs from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Pivotal Research initiated coverage on Crocs in a research note on Thursday, October 5th. They set a “hold” rating and a $9.50 price target on the stock. Finally, CL King downgraded Crocs from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.67.

Shares of Crocs (NASDAQ CROX) opened at $13.62 on Wednesday. Crocs has a 52-week low of $5.93 and a 52-week high of $14.30. The firm has a market capitalization of $948.88, a price-to-earnings ratio of -43.94, a P/E/G ratio of 2.96 and a beta of 0.43.

Several large investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. lifted its position in shares of Crocs by 0.3% during the second quarter. UBS Asset Management Americas Inc. now owns 30,036 shares of the textile maker’s stock worth $232,000 after acquiring an additional 98 shares in the last quarter. Arizona State Retirement System raised its position in shares of Crocs by 0.5% in the second quarter. Arizona State Retirement System now owns 38,588 shares of the textile maker’s stock worth $298,000 after buying an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Crocs by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 17,510 shares of the textile maker’s stock worth $135,000 after buying an additional 750 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Crocs by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 61,071 shares of the textile maker’s stock worth $471,000 after buying an additional 1,553 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position 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 in the last quarter. Hedge funds and other institutional investors own 91.94% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Crocs (CROX) Rating Increased to Strong-Buy at BidaskClub” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2018/01/13/crocs-crox-rating-increased-to-strong-buy-at-bidaskclub.html.

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)

Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply