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3. Crocs, Inc. (NASDAQ:CROX) is 0.3% in the green after the Colorado-based casual lifestyle footwear, and accessories brand was downgraded from a Buy to a Hold rating by Laura Champine at Loop Capital. The analyst also slashed the target price on Crocs, Inc. (NASDAQ:CROX) from $150 to $80, reflecting an upside potential of 5.6% from the last closing price. Champine significantly slashed revenue and EPS estimates, stating that the gross profit margin would come under pressure as Crocs, Inc. (NASDAQ:CROX) cannot continue increasing its prices without using normalized promotions.

As of Q4 2021, 43 hedge funds held a stake in Crocs, Inc. (NASDAQ:CROX), up from 37 in the preceding quarter.