Crocs Inc. (NASDAQ:CROX) saw strong trading volume on Thursday . 2,958,804 shares traded hands during trading, an increase of 148% from the previous session’s volume of 1,193,210 shares.The stock last traded at $8.44 and had previously closed at $8.44.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Crocs from a “hold” rating to a “sell” rating in a research note on Thursday. Piper Jaffray Cos. restated a “neutral” rating and set a $8.00 price target (down previously from $10.00) on shares of Crocs in a research note on Thursday. Monness Crespi & Hardt dropped their price target on Crocs from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday. B. Riley restated a “neutral” rating and set a $10.00 price target on shares of Crocs in a research note on Tuesday. Finally, TheStreet upgraded Crocs from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.79.

The firm’s market cap is $619.06 million. The firm’s 50 day moving average price is $11.23 and its 200-day moving average price is $9.85.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. During the same quarter last year, the business posted $0.11 EPS. The company earned $323.80 million during the quarter, compared to analyst estimates of $348.46 million. The business’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts anticipate that Crocs Inc. will post $0.11 EPS for the current year.

Several hedge funds and institutional investors have added to or reduced their stakes in CROX. California State Teachers Retirement System boosted its position in Crocs by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 142,705 shares of the company’s stock valued at $1,461,000 after buying an additional 2,306 shares during the period. Rhumbline Advisers boosted its position in Crocs by 6.4% in the fourth quarter. Rhumbline Advisers now owns 105,612 shares of the company’s stock valued at $1,081,000 after buying an additional 6,340 shares during the period. California Public Employees Retirement System boosted its position in Crocs by 1.9% in the fourth quarter. California Public Employees Retirement System now owns 364,000 shares of the company’s stock valued at $3,727,000 after buying an additional 6,700 shares during the period. New York State Common Retirement Fund boosted its position in Crocs by 30.5% in the fourth quarter. New York State Common Retirement Fund now owns 249,484 shares of the company’s stock valued at $2,555,000 after buying an additional 58,249 shares during the period. Finally, Boston Partners boosted its position in Crocs by 31.4% in the fourth quarter. Boston Partners now owns 448,160 shares of the company’s stock valued at $4,589,000 after buying an additional 107,200 shares during the period.

Crocs, Inc is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s segments include Americas, Asia Pacific and Europe. The Americas segment consists of the product sales in the North and South America geographic regions.

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