Crocs, Inc. (NASDAQ:CROX) Short Interest Update

Crocs, Inc. (NASDAQ:CROX) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,450,000 shares, a decline of 5.5% from the August 15th total of 4,710,000 shares. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is presently 3.5 days. Approximately 7.8% of the shares of the company are sold short.

Insider Transactions at Crocs

In other news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Crocs news, Director John B. Replogle bought 1,996 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the purchase, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the sale, the director now owns 81,254 shares in the company, valued at $10,756,404.52. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CROX. Coatue Management LLC grew its holdings in shares of Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after purchasing an additional 919,835 shares in the last quarter. Norges Bank bought a new stake in Crocs in the 4th quarter worth approximately $72,211,000. Patient Capital Management LLC bought a new stake in Crocs in the 4th quarter worth approximately $39,420,000. Goldman Sachs Group Inc. lifted its position in Crocs by 46.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock worth $71,952,000 after buying an additional 245,240 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Crocs by 8,437.1% in the 2nd quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock worth $26,993,000 after buying an additional 180,555 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. Piper Sandler restated an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Barclays lowered their price objective on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, UBS Group reduced their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $160.27.

Crocs Stock Down 1.4 %

Shares of NASDAQ CROX opened at $137.92 on Friday. Crocs has a 12 month low of $74.00 and a 12 month high of $165.32. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.29 and a beta of 2.00. The business has a 50-day moving average of $134.44 and a 200-day moving average of $137.60.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, topping the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $3.59 earnings per share. Crocs’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts expect that Crocs will post 12.85 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.