Crocs, Inc. (NASDAQ:CROX) Short Interest Up 7.7% in January

Crocs, Inc. (NASDAQ:CROX) saw a significant growth in short interest in the month of 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 shares of the company are sold short. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 4.1 days.

Wall Street Analyst Weigh In

CROX has been the topic of several recent research reports. Bank of America raised their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird reduced 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. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Needham & Company LLC reiterated a “buy” rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Finally, Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and reduced their price target for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.87.

Hedge Funds Weigh In On Crocs

A number of hedge funds have recently modified their holdings of CROX. Financial Management Professionals Inc. lifted its holdings in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares during the period. V Square Quantitative Management LLC raised its stake in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after buying an additional 142 shares during the last quarter. UMB Bank n.a. raised its stake in 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 buying an additional 142 shares during the last quarter. Allianz SE bought a new position in Crocs during the fourth quarter worth $53,000. Finally, Avior Wealth Management LLC raised its stake in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Trading Down 1.0 %

Shares of NASDAQ:CROX traded down $1.08 during mid-day trading on Tuesday, reaching $107.35. 2,100,713 shares of the company’s stock were exchanged, compared to its average volume of 1,693,795. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 1.67 and a beta of 1.93. The business’s fifty day moving average price is $105.60 and its 200-day moving average price is $118.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs has a twelve month low of $88.25 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 20.50% and a return on equity of 49.70%. On average, research analysts predict that Crocs will post 12.92 EPS for the current fiscal 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.