Key Points
- CEO Andrew Rees sold 40,000 Crocs shares at an average of $152.89, totaling about $6.12 million. After the sale, he directly owned 673,293 shares, a 5.61% reduction in his position.
- Crocs beat quarterly expectations, reporting EPS of $3.69 versus $3.31 expected and revenue of $1.04 billion versus $1.00 billion expected; revenue increased 4.7% year over year.
- Analysts’ consensus rating was “Moderate Buy,” with an average price target of $158.30. Ratings included 14 Buys, four Holds, two Strong Buys, and one Sell.
Crocs, Inc. (NASDAQ:CROX - Get Free Report) CEO Andrew Rees sold 40,000 shares of the business's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $152.89, for a total value of $6,115,600.00. Following the completion of the sale, the chief executive officer directly owned 673,293 shares in the company, valued at $102,939,766.77. This represents a 5.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Andrew Rees also recently made the following trade(s):
- On Monday, August 10th, Andrew Rees sold 19,072 shares of Crocs stock. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52.
- On Friday, August 7th, Andrew Rees sold 10,928 shares of Crocs stock. The shares were sold at an average price of $137.76, for a total value of $1,505,441.28.
Crocs Price Performance
NASDAQ:CROX opened at $152.93 on Friday. The business's 50-day moving average price is $122.91 and its 200 day moving average price is $111.15. The firm has a market cap of $6.99 billion, a P/E ratio of 11.42, a PEG ratio of 1.27 and a beta of 1.49. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $161.88. 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 (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 EPS for the quarter, topping the consensus estimate of $3.31 by $0.38. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1 billion. During the same period in the previous year, the business earned $2.92 earnings per share. Crocs's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Crocs, Inc. will post 14.62 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Crocs
Several hedge funds have recently modified their holdings of CROX. Root Financial Partners LLC acquired a new position in shares of Crocs in the 3rd quarter valued at $28,000. Versant Capital Management Inc increased its stake in Crocs by 95.9% in the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker's stock worth $34,000 after purchasing an additional 142 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Crocs during the 2nd quarter worth about $42,000. Heritage Family Offices LLP acquired a new stake in Crocs during the 3rd quarter worth about $45,000. Finally, Allworth Financial LP acquired a new stake in Crocs during the 2nd quarter worth about $53,000. 93.44% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Piper Sandler reiterated an "overweight" rating on shares of Crocs in a report on Friday, October 30th. Williams Trading set a $184.00 target price on shares of Crocs in a research note on Friday, October 30th. Robert W. Baird set a $163.00 target price on shares of Crocs in a report on Friday, July 31st. Monness Crespi & Hardt lifted their price target on shares of Crocs from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, UBS Group lifted their price target on shares of Crocs from $120.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.30.
View 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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