Crocs Target of Unusually High Options Trading (NASDAQ:CROX)

Crocs, Inc. (NASDAQ:CROX) saw unusually large options trading activity on Friday. Stock investors acquired 25,715 call options on the company. This is an increase of 170% compared to the average volume of 9,516 call options.

Analyst Ratings Changes

Several analysts have commented on CROX shares. StockNews.com started coverage on shares of Crocs in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. B. Riley downgraded Crocs from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $125.00 to $101.00 in a research report on Thursday, September 7th. Stifel Nicolaus raised Crocs from a “hold” rating to a “buy” rating and dropped their price target for the company from $140.00 to $130.00 in a research report on Thursday, July 27th. Wedbush restated an “outperform” rating and issued a $133.00 price objective on shares of Crocs in a research note on Tuesday, September 19th. Finally, Raymond James upgraded shares of Crocs from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.88.

Crocs Price Performance

Shares of CROX stock traded up $3.36 on Friday, reaching $91.18. The company’s stock had a trading volume of 1,134,887 shares, compared to its average volume of 1,669,076. Crocs has a 12-month low of $74.00 and a 12-month high of $151.32. The stock’s 50 day simple moving average is $86.18 and its 200-day simple moving average is $101.61. The company has a quick ratio of 0.91, a current ratio of 1.51 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $5.52 billion, a P/E ratio of 8.09 and a beta of 1.93.

Institutional Trading of Crocs

Large investors have recently modified their holdings of the business. SkyView Investment Advisors LLC lifted its position in Crocs by 5.0% during the third quarter. SkyView Investment Advisors LLC now owns 3,135 shares of the textile maker’s stock valued at $276,000 after purchasing an additional 149 shares during the last quarter. Morgan Stanley raised its position in shares of Crocs by 14.9% during the 3rd quarter. Morgan Stanley now owns 1,557,666 shares of the textile maker’s stock valued at $137,433,000 after buying an additional 202,392 shares in the last quarter. WealthPlan Investment Management LLC bought a new stake in shares of Crocs during the 3rd quarter worth $575,000. Mercer Global Advisors Inc. ADV grew its position in Crocs by 3.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the textile maker’s stock worth $619,000 after acquiring an additional 228 shares in the last quarter. Finally, Toroso Investments LLC increased its stake in Crocs by 49.3% in the third quarter. Toroso Investments LLC now owns 6,954 shares of the textile maker’s stock valued at $614,000 after acquiring an additional 2,297 shares during the last quarter. Institutional investors own 90.09% of the company’s stock.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, shoe charms, and slippers under the Crocs brand name.