Insider Selling: Crocs, Inc. (NASDAQ:CROX) Director Sells 3,044 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the sale, the director now owns 27,505 shares of the company’s stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Crocs Stock Performance

Shares of CROX stock opened at $117.27 on Friday. The stock has a market capitalization of $6.57 billion, a PE ratio of 7.33, a P/E/G ratio of 1.80 and a beta of 1.46. The firm has a 50 day moving average of $101.21 and a two-hundred day moving average of $103.79. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.49. The business had revenue of $937.33 million during the quarter, compared to analysts’ expectations of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $3.02 EPS. On average, research analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on CROX shares. Barclays dropped their target price on shares of Crocs from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Friday, May 9th. Piper Sandler dropped their target price on shares of Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 11th. KeyCorp dropped their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Guggenheim dropped their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, UBS Group raised their price target on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three investment 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, Crocs has a consensus rating of “Moderate Buy” and a consensus price target of $139.79.

Institutional Investors Weigh In On Crocs

Several institutional investors have recently modified their holdings of the company. Federation des caisses Desjardins du Quebec lifted its position in shares of Crocs by 16.6% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 17,008 shares of the textile maker’s stock worth $1,806,000 after purchasing an additional 2,420 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Crocs by 4.8% during the 1st quarter. Baird Financial Group Inc. now owns 251,230 shares of the textile maker’s stock worth $26,681,000 after purchasing an additional 11,397 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Crocs by 2.7% during the 1st quarter. Vident Advisory LLC now owns 15,956 shares of the textile maker’s stock worth $1,695,000 after purchasing an additional 412 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Crocs during the 1st quarter worth $7,784,000. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Crocs by 114.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 16,096 shares of the textile maker’s stock worth $1,709,000 after purchasing an additional 8,596 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Company Profile

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.