Crocs (CROX) Rating Lowered to Underperform at Buckingham Research

Crocs (NASDAQ:CROX) was downgraded by research analysts at Buckingham Research from a “neutral” rating to an “underperform” rating in a research note issued on Friday.

Several other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Crocs from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. CL King downgraded shares of Crocs from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Zacks Investment Research raised shares of Crocs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, ValuEngine raised shares of Crocs from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.75.

Shares of Crocs (NASDAQ:CROX) opened at $12.70 on Friday. Crocs has a 52 week low of $5.93 and a 52 week high of $13.34. The firm has a market cap of $898.72, a price-to-earnings ratio of -36.28, a price-to-earnings-growth ratio of 3.13 and a beta of 0.43.

Several large investors have recently bought and sold shares of CROX. Schwab Charles Investment Management Inc. increased its position in shares of Crocs by 20.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 700,614 shares of the textile maker’s stock worth $5,402,000 after acquiring an additional 116,883 shares in the last quarter. Arizona State Retirement System boosted its holdings in Crocs by 0.5% during the second quarter. Arizona State Retirement System now owns 38,588 shares of the textile maker’s stock worth $298,000 after purchasing an additional 200 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Crocs by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 944,679 shares of the textile maker’s stock worth $7,284,000 after purchasing an additional 9,493 shares during the last quarter. Legal & General Group Plc boosted its holdings in Crocs by 9.6% during the second quarter. Legal & General Group Plc now owns 137,790 shares of the textile maker’s stock worth $1,062,000 after purchasing an additional 12,099 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Crocs by 59.8% during the second quarter. BNP Paribas Arbitrage SA now owns 32,826 shares of the textile maker’s stock worth $253,000 after purchasing an additional 12,283 shares during the last quarter. 91.94% of the stock is owned by institutional investors.

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Crocs Company Profile

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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