Crocs, Inc. (NASDAQ:CROX – Get Free Report) CEO Andrew Rees sold 19,072 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the transaction, the chief executive officer owned 713,293 shares in the company, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Andrew Rees also recently made the following trade(s):
- On Friday, August 7th, Andrew Rees sold 10,928 shares of Crocs stock. The stock was sold at an average price of $137.76, for a total transaction of $1,505,441.28.
- On Friday, June 5th, Andrew Rees sold 32,688 shares of Crocs stock. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92.
Crocs Trading Down 3.7%
NASDAQ:CROX traded down $5.17 during trading hours on Tuesday, reaching $133.01. 366,524 shares of the stock were exchanged, compared to its average volume of 1,225,781. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $141.28. The business has a 50-day moving average of $128.27 and a two-hundred day moving average of $105.75. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.13 and a beta of 1.53. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94.
Institutional Trading of Crocs
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. acquired a new stake in Crocs during the 2nd quarter worth $266,000. Abacus FCF Advisors LLC purchased a new position in Crocs during the 2nd quarter worth approximately $4,027,000. Lisanti Capital Growth LLC acquired a new position in Crocs during the second quarter worth approximately $6,375,000. NewEdge Wealth LLC acquired a new position in Crocs during the second quarter worth approximately $2,506,000. Finally, Foster & Motley Inc. purchased a new stake in Crocs in the second quarter valued at approximately $502,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CROX has been the subject of several recent research reports. Seaport Research Partners raised their price objective on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Crocs from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crocs in a research report on Monday, June 8th. They issued a “buy” rating for the company. UBS Group upped their price objective on Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada assumed coverage on Crocs in a research note on Monday, June 8th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $139.10.
Check Out Our Latest Analysis on Crocs
About Crocs
Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.
Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.
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