5 Best Mid Cap Stocks To Buy In 2022

2. Crocs, Inc. (NASDAQ:CROX)

Market Capitalization as of February 15: $5.751 billion

Number of Hedge Fund Holders: 37

Crocs, Inc. (NASDAQ:CROX) is a Colorado-based company involved in wholesale shoe trade, retail and consumer services, clothing, and accessories. In Q3 2021, 37 hedge funds were bullish on Crocs, Inc. (NASDAQ:CROX), with collective stakes amounting to over $1 billion. Arrowstreet Capital held a leading position in Crocs, Inc. (NASDAQ:CROX), with more than 1 million shares worth $163.7 million. 

On February 1, Loop Capital analyst Laura Champine lowered the price target on Crocs, Inc. (NASDAQ:CROX) to $150 from $190 but kept a Buy rating on the shares. The stock price remains “attractive” given her projected double-digit longer-term EPS growth rate and with shares trading at 10-times expected 2022 EPS, the analyst told investors in a bullish note. 

Crocs, Inc. (NASDAQ:CROX) announced on December 23 that it has entered into a definitive agreement to acquire HEYDUDE, a privately-owned casual footwear brand, for $2.5 billion. The purchase will be funded by $2.05 billion in cash and $450 million in Crocs, Inc. (NASDAQ:CROX) shares.