Ian Bickley Sells 3,044 Shares of Crocs, Inc. (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROX) Director Ian Bickley sold 3,044 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now owns 27,505 shares in the company, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Crocs Stock Performance

Shares of CROX opened at $118.26 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average price is $100.89 and its 200-day moving average price is $103.93. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The stock has a market cap of $6.63 billion, a P/E ratio of 7.40, a P/E/G ratio of 1.80 and a beta of 1.46.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.49. The firm had revenue of $937.33 million for the quarter, compared to analysts’ expectations of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.02 EPS. Equities research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on CROX shares. Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Piper Sandler cut their price objective on Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. KeyCorp cut their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Stifel Nicolaus cut their price objective on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.79.

Hedge Funds Weigh In On Crocs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Costello Asset Management INC bought a new position in Crocs in the 1st quarter valued at approximately $32,000. Larson Financial Group LLC lifted its position in Crocs by 541.8% in the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 298 shares in the last quarter. IMA Advisory Services Inc. bought a new position in Crocs in the 1st quarter valued at approximately $40,000. Brooklyn Investment Group bought a new position in Crocs in the 1st quarter valued at approximately $40,000. Finally, UMB Bank n.a. lifted its position in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

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.