Crocs, Inc. (NASDAQ:CROX – Get Free Report) EVP Rupert George Campbell sold 2,645 shares of Crocs stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $150.87, for a total value of $399,051.15. Following the completion of the transaction, the executive vice president directly owned 68,573 shares in the company, valued at approximately $10,345,608.51. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Crocs Trading Up 0.9%
CROX stock traded up $1.32 during trading on Tuesday, hitting $154.46. The company had a trading volume of 299,548 shares, compared to its average volume of 1,199,860. The business has a 50-day moving average of $121.03 and a 200-day moving average of $110.07. Crocs, Inc. has a one year low of $73.21 and a one year high of $156.75. The stock has a market cap of $7.40 billion, a PE ratio of 11.51, a PEG ratio of 1.00 and a beta of 1.56. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.
Crocs (NASDAQ:CROX – Get Free Report) last released its earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.38. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $2.92 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts predict that Crocs, Inc. will post 14.62 earnings per share for the current fiscal year.
Analysts Set New Price Targets
CROX has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research report on Friday. Needham & Company LLC upped their price target on shares of Crocs from $150.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Monness Crespi & Hardt increased their price target on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings raised Crocs from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $128.00 price objective on shares of Crocs in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.30.
Check Out Our Latest Report on CROX
Institutional Trading of Crocs
Large investors have recently modified their holdings of the stock. Alps Advisors Inc. acquired a new position in shares of Crocs during the 3rd quarter valued at $610,000. Heritage Family Offices LLP bought a new position in Crocs during the third quarter worth $45,000. Commonwealth Equity Services LLC boosted its stake in Crocs by 3.2% during the third quarter. Commonwealth Equity Services LLC now owns 3,066 shares of the textile maker’s stock worth $360,000 after acquiring an additional 95 shares in the last quarter. Capital CS Group LLC bought a new position in Crocs during the third quarter worth $451,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Crocs in the third quarter worth $62,000. Institutional investors and hedge funds own 93.44% of the company’s stock.
About Crocs
Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.
The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.
In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.
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