NEW YORK, May 18, 2015 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX) a company engaged in the design, development, manufacturing, worldwide marketing and distribution of casual lifestyle footwear, apparel and accessories, was recently upgraded from neutral to overweight by Piper Jaffray. The news comes after Crocs, Inc. reported an improvement in operating margins during Q1 of 2015.
As of late, the company suffered from high operating costs leading to low operating margins and decreased profitability resulting from rapid expansion into 'unknown territory' by the company. Crocs, Inc. is now working towards restructuring its business model and appears to show a turnaround point is forthcoming.
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