Crocs (NASDAQ:CROX) CEO Sells $2,649,291.52 in Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 19,072 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the transaction, the chief executive officer owned 713,293 shares in the company, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrew Rees also recently made the following trade(s):

• On Friday, August 7th, Andrew Rees sold 10,928 shares of Crocs stock. The shares were sold at an average price of $137.76, for a total transaction of $1,505,441.28.
• 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 value of $3,860,125.92.

Crocs Trading Up 1.5%

Shares of CROX stock opened at $132.56 on Friday. The stock has a market cap of $6.35 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.09 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 company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $129.03 and a 200 day simple moving average of $106.71.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, research analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on CROX shares. Williams Trading set a $150.00 price target on Crocs in a research report on Tuesday, June 9th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $95.00 price objective on shares of Crocs in a research report on Friday, July 31st. Needham & Company LLC raised their target price on shares of Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a report on Friday, July 24th. Scotiabank began coverage on shares of Crocs in a report on Monday, June 8th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of 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 given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.10.

Institutional Trading of Crocs

Hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC grew its stake in shares of Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after buying an additional 157 shares during the last quarter. Torren Management LLC bought a new position in shares of Crocs in the 4th quarter valued at $39,000. Parallel Advisors LLC lifted its stake in shares of Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Crocs during the 2nd quarter valued at $42,000. Finally, Allworth Financial LP acquired a new stake in shares of Crocs during the 2nd quarter valued at $53,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

About Crocs

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.