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

Key Points

• Crocs, Inc. experienced a significant increase in short interest, rising by 34.6% to 6.96 million shares by mid-August, indicating heightened negative sentiment towards the stock.
• Insider trading activity included purchases by Director John B. Replogle and EVP Susan L. Healy, who increased their holdings by 26.83% and 4.16%, respectively, signaling confidence in the company's prospects.
• Crocs reported a Q2 EPS of $4.23, exceeding estimates, while institutional investors now hold 93.44% of the firm’s shares, reflecting strong institutional support.

Crocs, Inc. (NASDAQ:CROX - Get Free Report) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totaling 6,960,000 shares, agrowthof34.6% from the July 31st total of 5,170,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is presently 3.9 days. Currently,13.2% of the company's stock are sold short. Currently,13.2% of the company's stock are sold short. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is presently 3.9 days.

Insiders Place Their Bets

In other Crocs news, Director John B. Replogle purchased 3,261 shares of the stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the acquisition, the director owned 15,417 shares of the company's stock, valued at $1,182,329.73. This represents a 26.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Healy bought 2,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was purchased at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the purchase, the executive vice president directly owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company's stock.

Institutional Investors Weigh In On Crocs

A number of institutional investors have recently made changes to their positions in CROX. Costello Asset Management INC bought a new stake in shares of Crocs in the first quarter valued at approximately $32,000. Larson Financial Group LLC raised its holdings in shares of Crocs by 541.8% during the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock valued at $37,000 after purchasing an additional 298 shares during the period. IMA Advisory Services Inc. acquired a new stake in shares of Crocs in the 1st quarter worth about $40,000. Brooklyn Investment Group bought a new stake in Crocs in the 1st quarter worth about $40,000. Finally, Allworth Financial LP grew its position in shares of Crocs by 120.7% during the 2nd quarter. Allworth Financial LP now owns 448 shares of the textile maker's stock valued at $45,000 after acquiring an additional 245 shares during the period. Institutional investors own 93.44% of the company's stock.

Crocs Trading Up 0.9%

CROX traded up $0.74 during mid-day trading on Monday, reaching $87.19. The stock had a trading volume of 1,209,557 shares, compared to its average volume of 1,788,201. The stock has a market capitalization of $4.76 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.99 and a beta of 1.40. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The firm's fifty day simple moving average is $95.44 and its two-hundred day simple moving average is $99.91. Crocs has a 52 week low of $73.76 and a 52 week high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, topping the consensus estimate of $4.01 by $0.22. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Crocs will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

CROX has been the topic of a number of recent research reports. Stifel Nicolaus restated a "hold" rating and issued a $85.00 target price (down previously from $127.00) on shares of Crocs in a research note on Friday, August 8th. Monness Crespi & Hardt cut their price objective on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Bank of America lowered their target price on Crocs from $135.00 to $99.00 and set a "buy" rating on the stock in a report on Friday, August 8th. KeyCorp cut their price target on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, The Goldman Sachs Group dropped their target price on Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a report on Tuesday, July 22nd. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and an average target price of $105.33.

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.

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