Short Interest in Crocs, Inc. (NASDAQ:CROX) Decreases By 7.6%

Crocs, Inc. (NASDAQ:CROX) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 5,080,000 shares, a drop of 7.6% from the March 15th total of 5,500,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the short-interest ratio is presently 3.5 days. Currently, 8.7% of the company’s stock are short sold.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle bought 1,972 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the acquisition, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $120.05, for a total value of $2,015,039.25. Following the transaction, the director now directly owns 31,815 shares in the company, valued at $3,819,390.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Replogle acquired 1,972 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the purchase, the director now directly owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Insiders have sold a total of 39,867 shares of company stock worth $4,786,276 over the last three months. Corporate insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. WIT Partners Advisory Pte. Ltd. bought a new stake in shares of Crocs during the 4th quarter valued at $266,431,000. Coatue Management LLC raised its position in shares of Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after acquiring an additional 919,835 shares during the last quarter. Norges Bank bought a new stake in shares of Crocs during the 4th quarter valued at $72,211,000. Morgan Stanley raised its position in shares of Crocs by 97.9% during the 4th quarter. Morgan Stanley now owns 1,300,768 shares of the textile maker’s stock valued at $141,042,000 after acquiring an additional 643,578 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Crocs by 278.9% during the 1st quarter. Two Sigma Advisers LP now owns 849,600 shares of the textile maker’s stock valued at $107,423,000 after acquiring an additional 625,400 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CROX shares. Bank of America lifted their target price on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. KeyCorp lifted their target price on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Raymond James lifted their price objective on Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Finally, B. Riley boosted their target price on Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.09.

Crocs Trading Down 2.2 %

CROX stock traded down $2.68 during trading on Tuesday, hitting $120.68. The company had a trading volume of 1,625,528 shares, compared to its average volume of 1,454,587. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $126.12 and a 200-day moving average price of $105.64. Crocs has a 12 month low of $74.00 and a 12 month high of $151.32. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.58 and a beta of 2.01.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The firm had revenue of $960.10 million during the quarter, compared to analysts’ expectations of $958.39 million. During the same quarter in the previous year, the company posted $2.65 EPS. Crocs’s revenue was up 1.6% on a year-over-year basis. As a group, analysts predict that Crocs will post 12.46 earnings per share for the current year.

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.