Crocs (NASDAQ:CROX) Director Ronald Frasch Sells 15,000 Shares of Company Stock

Crocs, Inc. (NASDAQ:CROX) Director Ronald Frasch sold 15,000 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $153.51, for a total value of $2,302,650.00. Following the transaction, the director owned 61,180 shares in the company, valued at $9,391,741.80. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Crocs Stock Performance

Crocs stock opened at $153.61 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.86. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $156.75. The company has a fifty day moving average price of $121.58 and a two-hundred day moving average price of $110.42. The company has a market cap of $7.02 billion, a PE ratio of 11.47, a P/E/G ratio of 1.22 and a beta of 1.49.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.38. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company earned $2.92 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Research analysts expect that Crocs, Inc. will post 14.62 earnings per share for the current year.

Key Headlines Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs reported third-quarter adjusted earnings of $3.69 per share, ahead of the $3.31 consensus, and revenue of $1.04 billion versus roughly $1.00 billion expected. Revenue grew 4.7% year over year, and management raised its full-year profit outlook—key reasons for the stock’s recent sharp rally. Article: Crocs Stock Skyrockets on Higher Full-Year Profit Guidance
• Positive Sentiment: Analyst price-target estimates moved higher: one report cited a 16.56% increase in the consensus target to $163.49, while another noted a target raised to $178. These revisions may reinforce investor optimism after the earnings update. Article: Crocs Consensus Price Target Increased Article: Crocs Price Target Raised to $178
• Positive Sentiment: Recent analysis points to international growth and diversification as supports for margin expansion. A November Pokémon shoe launch could also provide a product and licensing boost. Article: CROX Q3 Deep Dive
• Positive Sentiment: Zacks highlighted CROX as a strong-momentum stock and assigned it a #1 (Strong Buy) rank, adding to favorable market positioning. Article: Crocs Is a Zacks Strong Buy
• Neutral Sentiment: HEYDUDE launched a holiday campaign featuring Riley Green. The marketing effort may increase brand visibility, though its financial impact is not yet clear. Article: HEYDUDE Holiday Campaign
• Negative Sentiment: Director Ronald Frasch sold 15,000 shares, reducing his holdings by 19.69%; EVP Rupert George Campbell sold 2,645 shares, trimming his position by 3.71%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in company outlook. SEC filing: Ronald Frasch transaction SEC filing: Rupert George Campbell transaction

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reissued a “sell” rating and issued a $128.00 target price on shares of Crocs in a report on Friday. Needham & Company LLC upped their target price on Crocs from $150.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Barclays upped their target price on Crocs from $139.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Robert W. Baird set a $163.00 price target on Crocs in a research report on Friday, July 31st. Finally, Bank of America raised their price target on Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.30.

Hedge Funds Weigh In On Crocs

Several institutional investors have recently modified their holdings of CROX. BlackRock Inc. bought a new position in Crocs in the 2nd quarter valued at about $561,223,000. Patient Capital Management LLC bought a new stake in shares of Crocs during the 2nd quarter worth about $96,443,000. Bank of New York Mellon Corp bought a new stake in shares of Crocs during the 2nd quarter worth about $39,610,000. Bank of America Corp DE bought a new position in shares of Crocs in the second quarter valued at approximately $33,820,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Crocs by 14.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 268,617 shares of the textile maker’s stock valued at $31,511,000 after acquiring an additional 34,667 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

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.