Shannon Sisler Sells 4,659 Shares of Crocs, Inc. (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROX) EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Crocs Stock Performance

NASDAQ:CROX opened at $107.60 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a fifty day moving average of $105.39 and a two-hundred day moving average of $118.70. The stock has a market capitalization of $6.03 billion, a PE ratio of 6.73, a P/E/G ratio of 1.80 and a beta of 1.93. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, research analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CROX shares. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and lowered their price target for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Barclays lowered their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Monness Crespi & Hardt lowered their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. UBS Group increased their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, KeyCorp lowered their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

Institutional Investors Weigh In On Crocs

A number of hedge funds have recently modified their holdings of the business. Jupiter Wealth Management LLC raised its position in shares of Crocs by 28.6% in the fourth quarter. Jupiter Wealth Management LLC now owns 8,100 shares of the textile maker’s stock valued at $887,000 after buying an additional 1,800 shares during the last quarter. CSS LLC IL acquired a new stake in shares of Crocs in the fourth quarter valued at about $617,000. White Knight Strategic Wealth Advisors LLC acquired a new stake in shares of Crocs in the fourth quarter valued at about $306,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Crocs by 8.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,974 shares of the textile maker’s stock valued at $22,232,000 after buying an additional 15,586 shares during the last quarter. Finally, Vident Advisory LLC raised its position in shares of Crocs by 35.1% in the fourth quarter. Vident Advisory LLC now owns 15,544 shares of the textile maker’s stock valued at $1,703,000 after buying an additional 4,038 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

About Crocs

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.