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

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

Crocs Stock Down 1.0 %

CROX traded down $1.08 on Tuesday, reaching $107.35. The company’s stock had a trading volume of 2,100,713 shares, compared to its average volume of 1,693,795. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The stock has a 50 day moving average of $105.60 and a two-hundred day moving average of $118.97. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 1.67 and a beta of 1.93.

Crocs (NASDAQ:CROX) last posted its 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 20.50% and a return on equity of 49.70%. As a group, analysts forecast that Crocs will post 12.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on CROX. Monness Crespi & Hardt dropped their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Barclays dropped their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and cut their price objective for the company from $150.00 to $110.00 in a report on Thursday, November 7th. KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and an average price target of $142.87.

Institutional Trading of Crocs

Large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in shares of Crocs by 1,516.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after acquiring an additional 1,244,480 shares during the last quarter. Pacer Advisors Inc. grew its position in Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares during the last quarter. Norges Bank acquired a new position in Crocs in the fourth quarter valued at $62,221,000. Altshuler Shaham Ltd raised its holdings in shares of Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker’s stock valued at $50,055,000 after buying an additional 455,515 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Crocs by 49.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock worth $143,309,000 after buying an additional 429,994 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

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.