Insider Activity Report: Crocs (CROX)

Douglas Treff, a director at Crocx (CROX), recently bought 2,114 shares. The buy increased his holdings by 2 percent, and came to a total cost just over $200,000.

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  • The buy comes a week after the company CFO bought 1,950 shares, paying just over $198,000 to do so. There have been a few other buys from company directors earlier in the year. The CEO sold off about 3 percent of his holdings in April, at a price about 40 percent higher than today’s.

    Overall, insiders own 2.7 percent of the footwear company.

    Shares are up 30 percent over the past year, outperforming the stock market by fivefold. And Crox still looks inexpensive, with the stock going for about 8 times earnings.

    Earnings are up nearly a third over the past year, and revenues are up 11 percent. Profit margins have hit 17 percent, on the higher end for companies in the business of manufacturing.

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  • As long as sales remain strong, shares should move higher from here.

    Action to take: Shares have been trending lower since April, but have started trending higher in recent sessions. They likely have further upside ahead.

    For traders, the October $105 calls, last going for about $4.25, could see mid-to-high double-digit returns in the next two months. Traders should look to take quick profits if the calls move in-the-money.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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