Insider Selling: Crocs, Inc. (NASDAQ:CROX) EVP Sells $1,136,921.50 in Stock

Crocs, Inc. (NASDAQ:CROXGet Free Report) EVP Anne Mehlman sold 7,150 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $159.01, for a total value of $1,136,921.50. Following the transaction, the executive vice president now directly owns 143,075 shares in the company, valued at $22,750,355.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Crocs Stock Down 1.0 %

Shares of NASDAQ:CROX opened at $157.85 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $165.32. The firm has a market capitalization of $9.58 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.80 and a beta of 1.97. The stock has a 50 day moving average price of $140.62 and a 200-day moving average price of $122.87.

Crocs (NASDAQ:CROXGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 earnings per share (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 business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. During the same quarter in the prior year, the company earned $2.61 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Crocs, Inc. will post 12.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Crocs

Several hedge funds have recently bought and sold shares of the business. Pathstone Family Office LLC lifted its holdings in shares of Crocs by 83.8% during the third quarter. Pathstone Family Office LLC now owns 3,888 shares of the textile maker’s stock valued at $343,000 after purchasing an additional 1,773 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Crocs by 56.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,441 shares of the textile maker’s stock valued at $304,000 after buying an additional 1,237 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Crocs by 207.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,875 shares of the textile maker’s stock worth $335,000 after acquiring an additional 2,616 shares in the last quarter. Prudential PLC grew its stake in shares of Crocs by 294.5% in the third quarter. Prudential PLC now owns 9,993 shares of the textile maker’s stock worth $882,000 after acquiring an additional 7,460 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Crocs by 0.4% during the third quarter. Nordea Investment Management AB now owns 37,802 shares of the textile maker’s stock valued at $3,362,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the topic of several recent research reports. OTR Global upgraded Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. UBS Group boosted their price objective on shares of Crocs from $124.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Bank of America increased their target price on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday. Monness Crespi & Hardt boosted their price target on Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, KeyCorp increased their price objective on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.83.

Get Our Latest Stock Report on CROX

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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