Short Interest in Crocs, Inc. (NASDAQ:CROX) Grows By 16.3%

Crocs, Inc. (NASDAQ:CROX - Get Free Report) saw a significant growth in short interest in 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 daily volume of 1,560,000 shares, the short-interest ratio is currently 4.3 days. Approximately 12.4% of the company's stock are short sold.

Crocs Stock Performance

Shares of CROX traded down $0.89 during midday trading on Friday, hitting $104.59. 4,147,614 shares of the stock traded hands, compared to its average volume of 1,357,513. Crocs has a 1-year low of $88.25 and a 1-year high of $165.32. The business's 50 day moving average price is $102.14 and its two-hundred day moving average price is $113.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a market capitalization of $5.86 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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%. Equities research analysts predict that Crocs will post 13.2 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CROX shares. Bank of America raised their price target on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Loop Capital raised shares of 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. Barclays decreased their price objective on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.53.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the firm's 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 sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.

Institutional Investors Weigh In On Crocs

A number of hedge funds and other institutional investors have recently modified their holdings of CROX. UMB Bank n.a. raised its stake in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares in the last quarter. Allianz SE bought a new stake in Crocs in the fourth quarter worth about $53,000. Ameriflex Group Inc. bought a new stake in Crocs in the fourth quarter worth about $54,000. Avior Wealth Management LLC raised 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 acquiring an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Crocs in the third quarter worth about $73,000. 93.44% of the stock is currently owned by 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.