Insider Activity Report: Crocs (CROX)

Thomas Smach, a director at Crocs (CROX), recently added 1,435 shares. The buy increased his holdings by 1 percent, and came to a total cost of $150,001.

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  • The director was the last buyer of shares with a 3,000 share pickup in March at a slightly higher price. Since then, company insiders, including the Crocs’ CEO and the company president, have sold off shares, albeit at higher prices.

    Overall, insiders own 2.7 percent of the company.

    The specialty footwear manufacturer is up sizeably over the past one year period, but shares have been rangebound year-to-date. Currently, shares are trading near the low end of their range.

    Crocs shares are also going for about 10 times forward earnings, an inexpensive valuation for a stock in general, and especially for one that carries a brand.

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  • Action to take: Shares may start to trend to the higher end of their range in the coming months. That could lead to double-digit returns for investors, possibly even mid-double-digit returns.

    For traders, shares could see a 20 percent bump or more in the months ahead. That could lead to great returns for the December $120 calls. Last going for about $7.10, the calls could see high-double-digit returns on a surge in shares before the end of the year.


    Disclosure: The author of this article has no position in the company mentioned here, and does not intend to trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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