Crocs, Inc. (NASDAQ:CROX) Short Interest Update

Crocs, Inc. (NASDAQ:CROX) was the target of a significant 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. Based on an average trading volume of 1,560,000 shares, the short-interest ratio is currently 4.3 days. Currently, 12.4% of the shares of the company are sold short.

Insider Transactions at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the period. UMB Bank n.a. grew its position in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after buying an additional 142 shares during the period. Allianz SE acquired a new position in shares of Crocs during the 4th quarter worth about $53,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs during the 3rd quarter worth about $73,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Crocs during the 4th quarter worth about $54,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CROX has been the subject of a number of analyst reports. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Wednesday, March 12th. KeyCorp cut their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Crocs Trading Up 3.5 %

CROX stock traded up $3.58 during midday trading on Wednesday, reaching $107.07. The stock had a trading volume of 1,315,019 shares, compared to its average volume of 1,348,054. The business has a fifty day simple moving average of $102.38 and a two-hundred day simple moving average of $114.24. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 1.80 and a beta of 1.84. Crocs has a twelve month low of $88.25 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, research analysts expect that Crocs will post 13.2 EPS for the current fiscal 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.