Crocs (NASDAQ:CROX – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday. A number of other research firms have also commented on CROX. B. Riley decreased their price target on Crocs from $153.00 to $128.00 in a research report on Friday, May […]
Crocs, Inc. delivered stellar results for the fourth quarter and year ended December 31 but warned that $40 million of orders would shift from the first into the second quarter of the current year due to pandemic-related transit delays. Andrew Rees, Crocs’ CEO, told analysts, "I would say it's a combination of delays in loading, delays in transit and delays unloading."