Insider Buying: Crocs, Inc. (NASDAQ:CROX) Director Acquires 2,240 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Crocs Stock Down 1.1 %

CROX stock opened at $107.82 on Friday. The stock has a market cap of $6.40 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.35 and a beta of 1.99. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $137.05 and its two-hundred day simple moving average is $138.45. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.47. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned $3.25 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Crocs, Inc. will post 12.88 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Monness Crespi & Hardt reduced their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Barclays decreased their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Guggenheim dropped their price target on shares of Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Institutional Investors Weigh In On Crocs

Several large investors have recently modified their holdings of CROX. Catalyst Capital Advisors LLC grew its holdings in Crocs by 2,775.6% during the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 7,633 shares during the period. QRG Capital Management Inc. grew its stake in shares of Crocs by 15.9% during the 3rd quarter. QRG Capital Management Inc. now owns 2,213 shares of the textile maker’s stock worth $320,000 after acquiring an additional 303 shares during the period. IAG Wealth Partners LLC purchased a new stake in Crocs in the 3rd quarter worth about $796,000. Van ECK Associates Corp increased its holdings in Crocs by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 36,618 shares of the textile maker’s stock worth $5,303,000 after acquiring an additional 10,463 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Crocs by 23.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,189 shares of the textile maker’s stock valued at $3,068,000 after acquiring an additional 4,051 shares during the period. Hedge funds and other 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.