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

Crocs, Inc. (NASDAQ:CROX) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 6,710,000 shares, a growth of 16.3% from the February 13th total of 5,770,000 shares. Approximately 12.4% of the shares of the stock are sold short. Based on an average trading volume of 1,560,000 shares, the short-interest ratio is presently 4.3 days.

Insider Buying and Selling

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crocs

Hedge funds and other institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC raised its holdings in Crocs by 109.5% during the 3rd 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. UMB Bank n.a. increased its holdings in shares of Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares during the period. Allianz SE bought a new position in shares of Crocs in the fourth quarter worth $53,000. Wilmington Savings Fund Society FSB bought a new position in shares of Crocs in the third quarter worth $73,000. Finally, Ameriflex Group Inc. bought a new position in shares of Crocs in the fourth quarter worth $54,000. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the topic of a number of recent analyst reports. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Wednesday, March 12th. Barclays cut their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Finally, UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Trading Up 3.4 %

Shares of CROX stock opened at $106.98 on Thursday. The company’s fifty day simple moving average is $102.33 and its two-hundred day simple moving average is $114.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs has a 1 year low of $88.25 and a 1 year high of $165.32. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, analysts anticipate that Crocs will post 13.2 earnings per share for the current year.

About Crocs

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.