Short Interest in Crocs, Inc. (NASDAQ:CROX) Grows By 19.5%

Crocs, Inc. (NASDAQ:CROX - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 8,020,000 shares, an increase of 19.5% from the February 28th total of 6,710,000 shares. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is presently 4.9 days. Currently, 14.9% of the company's stock are short sold.

Crocs Trading Down 4.8 %

CROX traded down $4.82 during trading on Monday, hitting $95.83. The company's stock had a trading volume of 3,236,825 shares, compared to its average volume of 1,426,194. The firm has a market capitalization of $5.37 billion, a P/E ratio of 5.99, a PEG ratio of 1.80 and a beta of 1.62. Crocs has a twelve month low of $88.25 and a twelve month high of $165.32. The stock's fifty day moving average price is $102.96 and its 200-day moving average price is $111.78. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) 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%. Analysts anticipate that Crocs will post 13.2 EPS for the current year.

Insider Transactions at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of Crocs 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 completion of the transaction, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.72% of the company's stock.

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Institutional Trading of Crocs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CROX. UMB Bank n.a. raised its position 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 worth $49,000 after purchasing an additional 142 shares during the period. Allianz SE bought a new stake in Crocs during the 4th quarter valued at $53,000. Ameriflex Group Inc. acquired a new position in Crocs during the fourth quarter worth $54,000. Wilmington Savings Fund Society FSB bought a new position in shares of Crocs in the third quarter valued at $73,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Crocs by 425.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after buying an additional 549 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of analyst reports. StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. 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. Needham & Company LLC restated a "buy" rating and issued a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. UBS Group upped their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Robert W. Baird dropped their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.53.

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.