Crocs, Inc. (NASDAQ:CROX) Short Interest Up 7.4% in September

Crocs, Inc. (NASDAQ:CROX) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 4,780,000 shares, a growth of 7.4% from the August 31st total of 4,450,000 shares. Based on an average daily volume of 1,250,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 8.4% of the shares of the stock are sold short.

Analyst Ratings Changes

CROX has been the subject of several recent analyst reports. Raymond James cut Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a research note on Friday, August 2nd. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. UBS Group cut their price target on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Finally, KeyCorp lifted their price objective on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.82.

Crocs Stock Down 2.2 %

CROX opened at $141.63 on Wednesday. Crocs has a one year low of $74.00 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50. The stock has a market capitalization of $8.60 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 1.44 and a beta of 2.00. The business’s 50-day simple moving average is $135.84 and its 200-day simple moving average is $138.81.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $3.59 earnings per share. Analysts anticipate that Crocs will post 12.85 EPS for the current year.

Insider Transactions at Crocs

In related news, Director John B. Replogle acquired 1,996 shares of Crocs stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the transaction, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the purchase, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Crocs

Institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in shares of Crocs during the first quarter worth about $25,000. GHP Investment Advisors Inc. grew its stake in shares of 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 purchasing an additional 180 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after purchasing an additional 162 shares during the period. Gryphon Financial Partners LLC purchased a new stake in shares of Crocs during the fourth quarter worth approximately $150,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Crocs by 8.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after purchasing an additional 85 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.