Crocs, Inc. (NASDAQ:CROX – Get Free Report) CEO Andrew Rees sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $152.89, for a total value of $6,115,600.00. Following the completion of the sale, the chief executive officer owned 673,293 shares in the company, valued at $102,939,766.77. This trade represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Andrew Rees also recently made the following trade(s):
- On Monday, August 10th, Andrew Rees sold 19,072 shares of Crocs stock. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52.
- On Friday, August 7th, Andrew Rees sold 10,928 shares of Crocs stock. The shares were sold at an average price of $137.76, for a total value of $1,505,441.28.
Crocs Price Performance
Shares of NASDAQ:CROX traded down $6.88 on Thursday, hitting $152.96. The stock had a trading volume of 1,370,954 shares, compared to its average volume of 1,208,020. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $161.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.86 and a current ratio of 1.44. The firm’s 50 day moving average price is $122.32 and its 200-day moving average price is $110.81. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.49.
Crocs (NASDAQ:CROX – Get Free Report) last posted its earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.38. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.92 EPS. On average, equities research analysts predict that Crocs, Inc. will post 14.62 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Weiss Ratings raised Crocs from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a report on Friday, October 30th. Needham & Company LLC raised their price target on Crocs from $150.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Seaport Research Partners lifted their price objective on Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, BTIG Research reissued a “neutral” rating on shares of Crocs in a research note on Thursday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.30.
View Our Latest Research Report on Crocs
Hedge Funds Weigh In On Crocs
Institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. grew its position in shares of Crocs by 450.1% during the 2nd quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock worth $20,068,000 after buying an additional 136,106 shares during the period. Bank of America Corp DE acquired a new position in Crocs during the second quarter valued at approximately $33,820,000. Legal & General Group Plc acquired a new stake in Crocs in the second quarter valued at $8,129,000. Corient Private Wealth LP grew its position in shares of Crocs by 107.3% in the 2nd quarter. Corient Private Wealth LP now owns 23,832 shares of the textile maker’s stock valued at $2,875,000 after acquiring an additional 12,335 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of Crocs during the 2nd quarter worth about $1,556,000. 93.44% of the stock is owned by institutional investors.
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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