Insider Selling: Crocs, Inc. (NASDAQ:CROX) CEO Sells 10,000 Shares of Stock

Crocs, Inc. (NASDAQ:CROXGet Free Report) CEO Andrew Rees sold 10,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the sale, the chief executive officer now owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Crocs Stock Performance

Shares of CROX stock opened at $157.85 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14. The business has a fifty day moving average of $140.62 and a 200 day moving average of $122.87. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.80 and a beta of 1.97. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32.

Crocs (NASDAQ:CROXGet Free Report) last released its earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.77. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The firm had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. During the same quarter in the previous year, the company posted $2.61 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, research analysts expect that Crocs, Inc. will post 12.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CROX. Barclays boosted their target price on shares of Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Wedbush increased their target price on shares of Crocs from $156.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. B. Riley raised their target price on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Stifel Nicolaus upped their price target on Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Bank of America raised their price objective on Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.83.

Check Out Our Latest Research Report on Crocs

Institutional Trading of Crocs

Several large investors have recently made changes to their positions in CROX. WIT Partners Advisory Pte. Ltd. purchased a new position in shares of Crocs during the fourth quarter worth $266,431,000. Coatue Management LLC grew its position in Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after purchasing an additional 919,835 shares during the period. Norges Bank purchased a new position in shares of Crocs during the 4th quarter valued at about $72,211,000. Patient Capital Management LLC acquired a new position in shares of Crocs in the 4th quarter valued at about $39,420,000. Finally, AQR Capital Management LLC boosted its stake in shares of Crocs by 141.1% in the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock worth $63,574,000 after buying an additional 421,712 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

About Crocs

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Crocs (NASDAQ:CROX)

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