Crocs (NASDAQ:CROX) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Several other research firms also recently weighed in on CROX. Zacks Investment Research raised shares of Crocs from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, August 8th. Pivotal Research raised shares of Crocs from a “hold” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $21.00 in a research report on Wednesday, July 25th. Piper Jaffray Companies set a $23.00 target price on shares of Crocs and gave the stock a “buy” rating in a research report on Monday, October 22nd. Finally, TheStreet raised shares of Crocs from a “c+” rating to a “b” rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.57.
Crocs stock opened at $21.20 on Wednesday. The company has a market capitalization of $1.34 billion, a PE ratio of -1,060.00, a PEG ratio of 4.95 and a beta of 0.50. Crocs has a fifty-two week low of $8.64 and a fifty-two week high of $22.07.
In related news, insider Daniel P. Hart sold 20,831 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $20.00, for a total transaction of $416,620.00. Following the completion of the sale, the insider now directly owns 347,706 shares in the company, valued at $6,954,120. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Smach sold 74,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $20.14, for a total transaction of $1,498,416.00. Following the sale, the director now owns 125,262 shares of the company’s stock, valued at $2,522,776.68. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new stake in shares of Crocs during the second quarter worth approximately $137,000. Aperio Group LLC acquired a new stake in Crocs in the second quarter valued at approximately $179,000. Brown Advisory Inc. acquired a new stake in Crocs in the first quarter valued at approximately $171,000. Amalgamated Bank acquired a new stake in Crocs in the second quarter valued at approximately $195,000. Finally, Nomura Holdings Inc. acquired a new stake in Crocs in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 97.24% of the company’s stock.
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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