Crocs, Inc. (NASDAQ:CROX - Get Free Report) Director Douglas Treff sold 14,802 shares of the firm's 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 transaction, the director directly owned 72,085 shares of the company's stock, valued at approximately $10,971,337. This trade represents a 17.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Crocs Stock Up 4.1%
Shares of NASDAQ:CROX opened at $159.84 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $122.32 and a two-hundred day simple moving average of $110.81. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $161.88. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.22 and a beta of 1.49.
Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, October 29th. The textile maker reported $3.69 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1 billion. During the same period in the prior year, the firm posted $2.92 earnings per share. The company's quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Crocs, Inc. will post 14.62 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. AlphaCore Capital LLC lifted its holdings in shares of Crocs by 33.5% during the third quarter. AlphaCore Capital LLC now owns 2,763 shares of the textile maker's stock valued at $324,000 after purchasing an additional 694 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Crocs during the third quarter valued at $1,551,000. Allspring Global Investments Holdings LLC increased its holdings in Crocs by 9.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 26,070 shares of the textile maker's stock worth $3,109,000 after buying an additional 2,273 shares in the last quarter. Alps Advisors Inc. bought a new stake in Crocs in the 3rd quarter worth about $610,000. Finally, Heritage Family Offices LLP bought a new stake in Crocs in the 3rd quarter worth about $45,000. Hedge funds and other institutional investors own 93.44% of the company's stock.
Key Stories Impacting Crocs
Here are the key news stories impacting Crocs this week:
- Positive Sentiment: Crocs earned Cradle to Cradle Certified Circularity Gold for its Classic Clog, recognizing its circular-design and recycled-material efforts. The certification could support brand positioning, though the near-term financial effect is unclear. Article: Crocs Classic Clog earns Circularity Gold certification
- Positive Sentiment: Analyst estimates have improved: a report put the consensus price target at $163.49, up 16.56%. Crocs also recently beat third-quarter EPS and revenue expectations, with sales up 4.7% year over year—fundamentals that have helped bolster sentiment. Article: Crocs consensus price target increased Article: Crocs Q3 analysis
- Positive Sentiment: Zacks recently described CROX as a strong-momentum stock and highlighted its Strong Buy ranking, adding to favorable market sentiment. Article: Crocs as a strong momentum stock
- Negative Sentiment: Director Douglas Treff sold 14,802 shares, reducing his direct stake by 17.04%. This adds to recent sales by director Ronald Frasch (15,000 shares) and EVP Rupert George Campbell (2,645 shares). Insider sales can weigh on sentiment, though they do not necessarily indicate a change in business outlook. SEC filing: Douglas Treff sale SEC filing: Ronald Frasch sale SEC filing: Rupert George Campbell sale
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CROX. Barclays upped their price target on shares of Crocs from $139.00 to $178.00 and gave the stock an "overweight" rating in a research note on Friday, October 30th. Weiss Ratings upgraded shares of Crocs from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, October 26th. Robert W. Baird set a $163.00 target price on shares of Crocs in a report on Friday, July 31st. Zacks Research raised shares of Crocs from a "hold" rating to a "strong-buy" rating in a report on Friday, October 30th. Finally, UBS Group upped their target price on shares of Crocs from $120.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Crocs has a consensus rating of "Moderate Buy" and an average target price of $158.30.
Read Our Latest Report on CROX
Crocs Company Profile
(
Get Free Report)
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.
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