Crocs, Inc. (NASDAQ:CROX) reached a new 52-week high on Tuesday . The company traded as high as $9.99 and last traded at $9.97, with a volume of 376,903 shares. The stock had previously closed at $9.74.

CROX has been the topic of a number of recent research reports. BidaskClub upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Stifel Nicolaus reiterated a “hold” rating and set a $8.00 price target (up previously from $7.00) on shares of Crocs in a research note on Saturday, July 22nd. ValuEngine downgraded shares of Crocs from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Pivotal Research initiated coverage on shares of Crocs in a research note on Thursday, October 5th. They set a “hold” rating and a $9.50 price target on the stock. Finally, TheStreet upgraded shares of Crocs from a “d” rating to a “c-” rating in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.75.

The stock’s market cap is $713.78 million. The company’s 50 day moving average is $9.22 and its 200 day moving average is $7.69.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $313.20 million for the quarter, compared to analyst estimates of $311.33 million. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. Crocs’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Analysts expect that Crocs, Inc. will post ($0.03) earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in CROX. Russell Investments Group Ltd. boosted its stake in Crocs by 46.7% in the first quarter. Russell Investments Group Ltd. now owns 168,397 shares of the textile maker’s stock valued at $1,190,000 after buying an additional 53,636 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Crocs by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 106,681 shares of the textile maker’s stock valued at $754,000 after buying an additional 7,353 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Crocs by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 935,186 shares of the textile maker’s stock valued at $6,612,000 after buying an additional 11,477 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Crocs by 1.7% in the first quarter. BNP Paribas Arbitrage SA now owns 20,543 shares of the textile maker’s stock valued at $145,000 after buying an additional 336 shares in the last quarter. Finally, Comerica Bank boosted its stake in Crocs by 3.9% in the first quarter. Comerica Bank now owns 81,383 shares of the textile maker’s stock valued at $522,000 after buying an additional 3,085 shares in the last quarter. 88.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

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