Insider Selling: Crocs, Inc. (NASDAQ:CROX) EVP Sells 15,000 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Crocs Price Performance

Shares of Crocs stock opened at $108.88 on Friday. The stock has a 50 day moving average of $105.47 and a 200 day moving average of $118.85. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The firm has a market cap of $6.10 billion, a PE ratio of 6.81, a PEG ratio of 1.77 and a beta of 1.93. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Crocs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after buying an additional 406,287 shares during the last quarter. Vanguard Group Inc. raised its position in Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after purchasing an additional 47,576 shares during the period. Pacer Advisors Inc. raised its position in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the period. State Street Corp raised its position in Crocs by 0.7% during the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after purchasing an additional 13,467 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Crocs by 1,516.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock valued at $145,299,000 after purchasing an additional 1,244,480 shares during the period. 93.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CROX. Needham & Company LLC reissued a “buy” rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Monness Crespi & Hardt cut their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $110.00 in a report on Thursday, November 7th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.53.

About Crocs

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.