Crocs, Inc. (NASDAQ:CROX) Sees Large Increase in Short Interest

Crocs, Inc. (NASDAQ:CROX) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,340,000 shares, a growth of 5.6% from the October 15th total of 4,110,000 shares. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is presently 3.4 days. Currently, 7.7% of the company’s shares are short sold.

Insider Buying and Selling at Crocs

In related news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the acquisition, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CROX. GHP Investment Advisors Inc. increased its stake in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after buying an additional 180 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares in the last quarter. UMB Bank n.a. grew its holdings in Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC raised its position in Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after acquiring an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CROX. Robert W. Baird decreased their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Barclays dropped their price objective on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and reduced their target price for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Finally, Wedbush reissued an “outperform” rating and issued a $170.00 price target on shares of Crocs in a report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Crocs has an average rating of “Moderate Buy” and an average price target of $151.14.

Crocs Stock Performance

Shares of CROX traded up $1.47 during mid-day trading on Tuesday, reaching $97.98. 1,485,861 shares of the company’s stock were exchanged, compared to its average volume of 1,347,979. The business’s fifty day simple moving average is $127.23 and its 200-day simple moving average is $136.57. The stock has a market capitalization of $5.71 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.99 and a beta of 2.01. Crocs has a 52-week low of $85.71 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.25 earnings per share. On average, equities research analysts expect that Crocs will post 12.93 earnings per share for the current year.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.