Crocs, Inc. (NASDAQ:CROX) Sees Significant Growth in Short Interest

Crocs, Inc. (NASDAQ:CROX - Get Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 5,730,000 shares, a growth of 7.7% from the January 15th total of 5,320,000 shares. Approximately 10.2% of the company's stock are short sold. Based on an average trading volume of 1,400,000 shares, the days-to-cover ratio is presently 4.1 days.

Crocs Stock Performance

CROX traded down $2.07 on Thursday, reaching $108.88. The company had a trading volume of 1,791,482 shares, compared to its average volume of 1,705,519. Crocs has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The stock has a market cap of $6.10 billion, a P/E ratio of 6.81, a P/E/G ratio of 1.77 and a beta of 1.93. The company's fifty day moving average is $105.55 and its 200 day moving average is $118.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

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

Insider Activity at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the business's 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 sale, the executive vice president now directly owns 89,323 shares of the company's stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jupiter Wealth Management LLC grew its position in shares of Crocs by 28.6% during the 4th quarter. Jupiter Wealth Management LLC now owns 8,100 shares of the textile maker's stock worth $887,000 after purchasing an additional 1,800 shares in the last quarter. CSS LLC IL acquired a new position in shares of Crocs during the 4th quarter worth approximately $617,000. White Knight Strategic Wealth Advisors LLC acquired a new position in shares of Crocs during the 4th quarter worth approximately $306,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Crocs by 8.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,974 shares of the textile maker's stock worth $22,232,000 after purchasing an additional 15,586 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Crocs by 35.1% during the 4th quarter. Vident Advisory LLC now owns 15,544 shares of the textile maker's stock worth $1,703,000 after acquiring an additional 4,038 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CROX. Needham & Company LLC reissued a "buy" rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Monness Crespi & Hardt cut their price target on shares of Crocs from $170.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Bank of America boosted 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. UBS Group boosted their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Robert W. Baird cut their price target on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Crocs has an average rating of "Moderate Buy" and an average target price of $143.53.

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.