Crocs, Inc. (NASDAQ:CROX) CEO Sells $1,601,500.00 in Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the completion of the sale, the chief executive officer now directly owns 79,748 shares in the company, valued at $12,771,642.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Crocs Stock Down 0.2 %

Shares of Crocs stock opened at $159.42 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $161.04. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.78 and a beta of 1.97. The company’s 50 day moving average price is $138.81 and its 200-day moving average price is $121.99.

Crocs (NASDAQ:CROX) last issued its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.77. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The firm had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. During the same quarter last year, the business earned $2.61 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that Crocs, Inc. will post 12.66 EPS for the current year.

Wall Street Analyst Weigh In

CROX has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on shares of Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Barclays increased their price target on shares of Crocs from $167.00 to $169.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Monness Crespi & Hardt increased their price target on shares of Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. B. Riley increased their price target on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Bank of America increased their price target on shares of Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average price target of $151.75.

Institutional Trading of Crocs

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Crocs by 1.4% in the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock valued at $801,346,000 after acquiring an additional 76,460 shares in the last quarter. WIT Partners Advisory Pte. Ltd. bought a new stake in Crocs in the fourth quarter valued at $266,431,000. Coatue Management LLC boosted its holdings in Crocs by 836.7% in the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after acquiring an additional 919,835 shares in the last quarter. Norges Bank bought a new stake in Crocs in the fourth quarter valued at $72,211,000. Finally, Pacer Advisors Inc. boosted its holdings in Crocs by 13.4% in the fourth quarter. Pacer Advisors Inc. now owns 771,305 shares of the textile maker’s stock valued at $72,048,000 after acquiring an additional 91,318 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

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.