Crocs, Inc. (NASDAQ:CROX) Short Interest Down 11.5% in September

Crocs, Inc. (NASDAQ:CROX) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 4,230,000 shares, a drop of 11.5% from the September 15th total of 4,780,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 3.5 days. Approximately 7.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

CROX has been the topic of several analyst reports. Barclays lowered their price target on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. UBS Group decreased their price target on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. 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. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

Insider Buying and Selling at Crocs

In other news, Director John B. Replogle purchased 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the acquisition, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction that occurred on 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 sale, the director now owns 81,254 shares in the company, valued at $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John B. Replogle purchased 1,996 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the acquisition, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Institutional Trading of Crocs

A number of hedge funds and other institutional investors have recently modified their holdings of CROX. Nordea Investment Management AB raised its position in Crocs by 17.0% in the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock valued at $7,292,000 after purchasing an additional 7,448 shares during the period. Alaska Permanent Fund Corp increased its stake in Crocs by 282.2% during the first quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock worth $2,226,000 after purchasing an additional 11,428 shares during the period. Boston Partners acquired a new stake in shares of Crocs during the first quarter worth about $10,771,000. Global Assets Advisory LLC purchased a new position in shares of Crocs in the first quarter valued at approximately $7,399,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Crocs by 78.2% in the first quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock valued at $5,053,000 after purchasing an additional 15,418 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Down 0.1 %

Shares of CROX opened at $139.43 on Tuesday. Crocs has a 52 week low of $74.00 and a 52 week high of $165.32. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.35 and a beta of 1.99. The stock’s 50-day moving average price is $137.52 and its 200-day moving average price is $138.75. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 earnings per share. On average, sell-side analysts predict that Crocs will post 12.88 EPS 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.