Crocs, Inc. (CROX) Downgraded by CL King

CL King lowered shares of Crocs, Inc. (NASDAQ:CROX) from a buy rating to a neutral rating in a research note published on Monday, MarketBeat reports.

Several other analysts have also recently issued reports on CROX. Piper Jaffray Companies restated a hold rating and set a $9.00 price objective on shares of Crocs in a research note on Wednesday, August 9th. ValuEngine upgraded Crocs from a sell rating to a hold rating in a research note on Monday, November 13th. Zacks Investment Research upgraded Crocs from a hold rating to a buy rating and set a $10.00 price objective on the stock in a research note on Monday, August 14th. BidaskClub upgraded Crocs from a buy rating to a strong-buy rating in a research note on Friday, August 18th. Finally, Susquehanna Bancshares Inc restated a positive rating and set a $8.00 price objective (up previously from $7.00) on shares of Crocs in a research note on Thursday, August 10th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Crocs presently has a consensus rating of Hold and a consensus price target of $8.75.

Shares of Crocs (NASDAQ CROX) opened at $11.12 on Monday. Crocs has a one year low of $5.93 and a one year high of $11.18.

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Several large investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its holdings 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 valued at $232,000 after purchasing an additional 98 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Crocs by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the textile maker’s stock valued at $233,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Crocs by 0.5% during the second quarter. Arizona State Retirement System now owns 38,588 shares of the textile maker’s stock valued at $298,000 after purchasing an additional 200 shares during the last quarter. US Bancorp DE grew its holdings in shares of Crocs by 1.2% during the second quarter. US Bancorp DE now owns 33,293 shares of the textile maker’s stock valued at $257,000 after purchasing an additional 401 shares during the last quarter. Finally, Texas Permanent School Fund grew its holdings in shares of Crocs by 1.4% during the second quarter. Texas Permanent School Fund now owns 54,090 shares of the textile maker’s stock valued at $417,000 after purchasing an additional 737 shares during the last quarter. 89.80% of the stock is owned by institutional investors.

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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