Crocs, Inc. (NASDAQ:CROX – Get Free Report) saw unusually large options trading activity on Friday. Stock investors acquired 25,715 call options on the company. This is an increase of 170% compared to the average volume of 9,516 call options.
Analyst Ratings Changes
Several analysts have commented on CROX shares. StockNews.com started coverage on shares of Crocs in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. B. Riley downgraded Crocs from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $125.00 to $101.00 in a research report on Thursday, September 7th. Stifel Nicolaus raised Crocs from a “hold” rating to a “buy” rating and dropped their price target for the company from $140.00 to $130.00 in a research report on Thursday, July 27th. Wedbush restated an “outperform” rating and issued a $133.00 price objective on shares of Crocs in a research note on Tuesday, September 19th. Finally, Raymond James upgraded shares of Crocs from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.88.
Crocs Price Performance
Institutional Trading of Crocs
Large investors have recently modified their holdings of the business. SkyView Investment Advisors LLC lifted its position in Crocs by 5.0% during the third quarter. SkyView Investment Advisors LLC now owns 3,135 shares of the textile maker’s stock valued at $276,000 after purchasing an additional 149 shares during the last quarter. Morgan Stanley raised its position in shares of Crocs by 14.9% during the 3rd quarter. Morgan Stanley now owns 1,557,666 shares of the textile maker’s stock valued at $137,433,000 after buying an additional 202,392 shares in the last quarter. WealthPlan Investment Management LLC bought a new stake in shares of Crocs during the 3rd quarter worth $575,000. Mercer Global Advisors Inc. ADV grew its position in Crocs by 3.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the textile maker’s stock worth $619,000 after acquiring an additional 228 shares in the last quarter. Finally, Toroso Investments LLC increased its stake in Crocs by 49.3% in the third quarter. Toroso Investments LLC now owns 6,954 shares of the textile maker’s stock valued at $614,000 after acquiring an additional 2,297 shares during the last quarter. Institutional investors own 90.09% of the company’s stock.
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, slides, flips, wedges, platforms, socks, boots, shoe charms, and slippers under the Crocs brand name.
- Five stocks we like better than Crocs
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- 3 large caps with red hot RSIs with upside
- What is a Death Cross in Stocks?
- Johnson Controls International: Nothing but upside for investors
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Unity Software’s resilient rebound post-earnings setback
Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.