Crocs (NASDAQ:CROX) CEO Andrew Rees Sells 10,928 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 10,928 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $137.76, for a total transaction of $1,505,441.28. Following the completion of the sale, the chief executive officer owned 732,365 shares in the company, valued at $100,890,602.40. This represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 transaction of $2,649,291.52.
• On Friday, June 5th, Andrew Rees sold 32,688 shares of Crocs stock. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92.

Crocs Price Performance

NASDAQ:CROX traded down $5.17 on Tuesday, reaching $133.01. The stock had a trading volume of 366,524 shares, compared to its average volume of 1,225,781. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $6.38 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The stock has a fifty day moving average price of $128.27 and a 200-day moving average price of $105.75.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted ($8.82) earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Research analysts forecast that Crocs, Inc. will post 13.97 EPS for the current year.

Institutional Investors Weigh In On Crocs

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Himalaya Capital Management LLC acquired a new position in Crocs during the fourth quarter worth $53,720,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Crocs by 92.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock valued at $2,564,000 after buying an additional 14,393 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in Crocs during the 4th quarter worth about $3,800,000. Morningstar Investment Management LLC bought a new stake in Crocs during the 1st quarter worth about $867,000. Finally, NewEdge Wealth LLC acquired a new position in shares of Crocs during the 4th quarter worth about $971,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the topic of several research reports. Williams Trading set a $150.00 price target on shares of Crocs in a research report on Tuesday, June 9th. Piper Sandler restated an “overweight” rating on shares of Crocs in a research report on Friday, July 31st. Stifel Nicolaus increased their price objective on Crocs from $105.00 to $125.00 and gave the company a “hold” rating in a research report on Monday, June 15th. Barclays upped their price target on Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company started coverage on Crocs in a research report on Monday, June 8th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.10.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.