Crocs Inc. (CROX) Short Interest Update
Crocs Inc. (NASDAQ:CROX) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 5,451,610 shares, a drop of 17.7% from the September 15th total of 6,621,111 shares. Currently, 7.7% of the company’s shares are sold short. Based on an average trading volume of 792,800 shares, the short-interest ratio is currently 6.9 days.
A number of analysts recently issued reports on CROX shares. B. Riley reissued a “neutral” rating and set a $8.00 target price on shares of Crocs in a research note on Tuesday, August 9th. Zacks Investment Research cut Crocs from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Susquehanna started coverage on Crocs in a research note on Friday, August 12th. They set a “neutral” rating and a $9.50 target price for the company. Piper Jaffray Cos. reissued a “hold” rating and set a $8.00 target price on shares of Crocs in a research note on Monday, September 12th. Finally, Monness Crespi & Hardt lowered their target price on Crocs from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Crocs presently has a consensus rating of “Hold” and an average price target of $11.00.
Crocs (NASDAQ:CROX) opened at 8.28 on Friday. The stock’s 50 day moving average is $8.47 and its 200 day moving average is $9.55. The company’s market capitalization is $608.46 million. Crocs has a 52 week low of $7.63 and a 52 week high of $12.53.
Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. Crocs had a negative return on equity of 16.50% and a negative net margin of 6.31%. The firm earned $323.80 million during the quarter, compared to analyst estimates of $348.46 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts predict that Crocs will post ($0.03) EPS for the current fiscal year.
In other news, CFO Carrie W. Teffner purchased 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were acquired at an average cost of $8.85 per share, for a total transaction of $66,375.00. Following the transaction, the chief financial officer now directly owns 349,188 shares of the company’s stock, valued at approximately $3,090,313.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in shares of Crocs by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the company’s stock worth $367,000 after buying an additional 200 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Crocs by 2.5% in the second quarter. Capstone Asset Management Co. now owns 21,869 shares of the company’s stock worth $247,000 after buying an additional 530 shares in the last quarter. PineBridge Investments L.P. raised its position in shares of Crocs by 7.5% in the second quarter. PineBridge Investments L.P. now owns 9,303 shares of the company’s stock worth $105,000 after buying an additional 647 shares in the last quarter. Arizona State Retirement System raised its position in shares of Crocs by 1.9% in the second quarter. Arizona State Retirement System now owns 38,088 shares of the company’s stock worth $430,000 after buying an additional 700 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Crocs by 6.8% in the second quarter. Hsbc Holdings PLC now owns 11,350 shares of the company’s stock worth $128,000 after buying an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.
Crocs Company Profile
Crocs, Inc is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s segments include Americas, Asia Pacific and Europe. The Americas segment consists of the product sales in the North and South America geographic regions.
Receive News & Stock Ratings for Crocs Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs Inc. and related stocks with our FREE daily email newsletter.