Insider Selling: Crocs (NASDAQ:CROX) Director Sells $2,252,864.40 in Stock

Crocs, Inc. (NASDAQ:CROX) Director Douglas Treff sold 14,802 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $152.20, for a total value of $2,252,864.40. Following the sale, the director directly owned 72,085 shares of the company’s stock, valued at $10,971,337. The trade was a 17.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Crocs Stock Performance

Crocs stock traded up $6.24 during mid-day trading on Wednesday, reaching $159.85. 1,719,760 shares of the company’s stock were exchanged, compared to its average volume of 1,206,449. The business’s fifty day simple moving average is $121.58 and its 200 day simple moving average is $110.42. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.96. Crocs, Inc. has a one year low of $73.21 and a one year high of $161.88. The firm has a market capitalization of $7.31 billion, a PE ratio of 11.94, a P/E/G ratio of 1.22 and a beta of 1.49.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, October 29th. The textile maker reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.38. Crocs had a return on equity of 49.35% and a net margin of 16.20%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company earned $2.92 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that Crocs, Inc. will post 14.62 earnings per share for the current year.

Crocs News Roundup

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs earned Cradle to Cradle Certified® Circularity Gold for the Classic Clog, recognizing its circular-design and recycled-material efforts. This could strengthen the brand’s sustainability credentials, though the immediate financial effect is uncertain. Article: Crocs earns Circularity Gold certification
• Positive Sentiment: Recent third-quarter results beat expectations: EPS was $3.69 versus $3.31 expected, and revenue reached $1.04 billion against roughly $1.00 billion expected, up 4.7% year over year. The earnings strength has supported CROX’s recent rally.
• Positive Sentiment: Analyst price targets have moved higher, including a reported 16.56% increase in the consensus target to $163.49. Zacks also highlighted CROX’s momentum and Strong Buy ranking; these signals may support investor sentiment but do not guarantee further gains. Article: Crocs consensus price target increase Article: Crocs momentum analysis
• Neutral Sentiment: HEYDUDE launched a holiday campaign featuring Riley Green. The promotion could boost visibility for Crocs’ portfolio, but its sales impact is not yet known. Article: HEYDUDE holiday campaign
• Negative Sentiment: Two insiders disclosed sales dated October 30: Director Ronald Frasch sold 15,000 shares, trimming his holdings by 19.69%, and EVP Rupert George Campbell sold 2,645 shares, reducing his position by 3.71%. Such sales can weigh on sentiment, though they do not necessarily indicate a change in the company’s outlook. Article: Crocs insider transaction disclosures

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Root Financial Partners LLC boosted its position in shares of Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 157 shares during the last quarter. Versant Capital Management Inc increased its holdings in Crocs by 95.9% during the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 142 shares during the period. Global Retirement Partners LLC bought a new position in shares of Crocs during the second quarter valued at approximately $42,000. Heritage Family Offices LLP purchased a new stake in shares of Crocs in the 3rd quarter worth about $45,000. Finally, Allworth Financial LP bought a new stake in Crocs during the 2nd quarter valued at approximately $53,000. 93.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CROX shares. Barclays boosted their target price on shares of Crocs from $139.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Piper Sandler restated an “overweight” rating on shares of Crocs in a research note on Friday, October 30th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $128.00 price target on shares of Crocs in a report on Friday, October 30th. Seaport Research Partners upped their price objective on Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Robert W. Baird set a $163.00 price objective on Crocs in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Crocs has an average rating of “Moderate Buy” and an average target price of $158.30.

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.