Crocs, Inc. (NASDAQ:CROX - Get Free Report) EVP Anne Mehlman sold 12,145 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $100.06, for a total value of $1,215,228.70. Following the completion of the transaction, the executive vice president directly owned 131,112 shares of the company's stock, valued at approximately $13,119,066.72. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Crocs Trading Up 0.0%
Shares of CROX opened at $96.69 on Wednesday. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $122.84. The stock has a market cap of $4.86 billion, a PE ratio of -76.74, a price-to-earnings-growth ratio of 1.12 and a beta of 1.56. The firm's fifty day moving average is $88.10 and its two-hundred day moving average is $84.65. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 0.95.
Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.37. Crocs had a negative net margin of 2.01% and a positive return on equity of 45.17%. The firm had revenue of $957.64 million for the quarter, compared to the consensus estimate of $916.16 million. During the same period last year, the firm posted $2.52 earnings per share. The company's revenue for the quarter was down 3.3% on a year-over-year basis. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. Research analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Crocs
Several large investors have recently modified their holdings of CROX. Allworth Financial LP grew its holdings in shares of Crocs by 120.7% during the 2nd quarter. Allworth Financial LP now owns 448 shares of the textile maker's stock worth $45,000 after purchasing an additional 245 shares during the period. Torren Management LLC acquired a new position in Crocs in the fourth quarter valued at about $39,000. Employees Retirement System of Texas acquired a new position in Crocs in the second quarter valued at about $49,000. Parallel Advisors LLC boosted its stake in Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker's stock worth $41,000 after buying an additional 186 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Crocs during the second quarter valued at about $58,000. Institutional investors and hedge funds own 93.44% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Crocs from $90.00 to $99.00 and gave the company a "hold" rating in a research report on Friday, February 13th. Zacks Research lowered Crocs from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 30th. KeyCorp reaffirmed a "sector weight" rating on shares of Crocs in a research note on Thursday, January 22nd. Robert W. Baird set a $110.00 price target on Crocs in a report on Friday, February 13th. Finally, The Goldman Sachs Group upped their price objective on shares of Crocs from $71.00 to $81.00 and gave the company a "sell" rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $103.42.
View Our Latest Report on Crocs
About Crocs
(
Get Free Report)
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.
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