Crocs, Inc. (NASDAQ:CROX) Short Interest Up 6.1% in November

Crocs, Inc. (NASDAQ:CROX - Get Free Report) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 4,540,000 shares, an increase of 6.1% from the November 15th total of 4,280,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 8.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CROX. Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and upped their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Barclays decreased their price target on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. KeyCorp reduced their target price on Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. UBS Group reduced their price target on Crocs from $146.00 to $122.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Finally, Raymond James lowered shares of Crocs from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.80.

Insider Buying and Selling

In other news, CFO Susan L. Healy bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares of the company's stock, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the purchase, the director now directly owns 9,304 shares of the company's stock, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Crocs

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Crocs during the 2nd quarter valued at $386,000. Blue Trust Inc. grew its stake in Crocs by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock worth $144,000 after acquiring an additional 162 shares in the last quarter. Raymond James & Associates increased its position in shares of Crocs by 4.7% during the second quarter. Raymond James & Associates now owns 92,609 shares of the textile maker's stock worth $13,515,000 after acquiring an additional 4,188 shares during the period. Nisa Investment Advisors LLC raised its stake 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 valued at $152,000 after acquiring an additional 85 shares in the last quarter. Finally, Walter Public Investments Inc. boosted its holdings in shares of Crocs by 186.6% in the second quarter. Walter Public Investments Inc. now owns 99,499 shares of the textile maker's stock valued at $14,521,000 after purchasing an additional 64,778 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Crocs Price Performance

NASDAQ:CROX traded up $2.59 during trading hours on Tuesday, reaching $111.55. The stock had a trading volume of 1,353,078 shares, compared to its average volume of 1,349,011. The company has a 50 day moving average price of $114.52 and a two-hundred day moving average price of $131.37. Crocs has a 52 week low of $85.71 and a 52 week high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market capitalization of $6.50 billion, a PE ratio of 8.09, a PEG ratio of 1.14 and a beta of 1.98.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.25 earnings per share. As a group, sell-side analysts anticipate that Crocs will post 12.93 earnings per share for the current fiscal 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.