BidaskClub upgraded shares of Crocs (NASDAQ:CROX) from a hold rating to a buy rating in a research report report published on Friday morning, BidAskClub reports.

CROX has been the topic of several other reports. CL King upgraded shares of Crocs from a neutral rating to a buy rating in a report on Thursday, June 27th. ValuEngine raised shares of Crocs from a sell rating to a hold rating in a research note on Wednesday, September 11th. Pivotal Research reaffirmed a buy rating on shares of Crocs in a research note on Friday, August 2nd. Zacks Investment Research raised shares of Crocs from a hold rating to a strong-buy rating and set a $28.00 price target for the company in a research note on Friday, August 2nd. Finally, Piper Jaffray Companies raised shares of Crocs from a neutral rating to an overweight rating and raised their price target for the stock from $22.00 to $27.00 in a research note on Monday, July 15th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $30.29.

Shares of CROX stock opened at $28.40 on Friday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.22 and a current ratio of 1.74. The company has a market capitalization of $1.98 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company’s 50 day moving average price is $24.38 and its two-hundred day moving average price is $23.63. Crocs has a 52 week low of $17.52 and a 52 week high of $31.88.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, August 1st. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. The firm had revenue of $358.90 million for the quarter, compared to the consensus estimate of $360.46 million. Crocs had a net margin of 5.61% and a return on equity of 47.15%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. Analysts forecast that Crocs will post 1.4 earnings per share for the current year.

In other news, Director Doreen A. Wright sold 7,068 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.00, for a total transaction of $183,768.00. Following the completion of the transaction, the director now directly owns 55,680 shares of the company’s stock, valued at approximately $1,447,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.42% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in shares of Crocs in the first quarter valued at $29,000. FMR LLC grew its stake in shares of Crocs by 54.2% in the first quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock valued at $73,000 after buying an additional 1,000 shares in the last quarter. NumerixS Investment Technologies Inc grew its stake in shares of Crocs by 277.3% in the first quarter. NumerixS Investment Technologies Inc now owns 6,414 shares of the textile maker’s stock valued at $168,000 after buying an additional 4,714 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Crocs in the first quarter valued at $265,000. Finally, USA Financial Portformulas Corp grew its stake in shares of Crocs by 18.0% in the second quarter. USA Financial Portformulas Corp now owns 11,660 shares of the textile maker’s stock valued at $300,000 after buying an additional 1,778 shares in the last quarter.

Crocs Company Profile

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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Analyst Recommendations for Crocs (NASDAQ:CROX)

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