Thomas J. Smach Sells 10,174 Shares of Crocs, Inc. (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROX) Director Thomas J. Smach sold 10,174 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $140.32, for a total value of $1,427,615.68. Following the completion of the sale, the director now owns 115,339 shares of the company’s stock, valued at $16,184,368.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Crocs Stock Down 1.9 %

Shares of NASDAQ:CROX opened at $142.01 on Friday. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $148.16. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of $132.21 and a two-hundred day moving average of $112.18. The stock has a market cap of $8.62 billion, a P/E ratio of 10.99, a PEG ratio of 1.62 and a beta of 2.03.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.77. The company had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.61 earnings per share. On average, research analysts expect that Crocs, Inc. will post 12.66 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Williams Trading restated a “hold” rating and issued a $125.00 target price (down previously from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Stifel Nicolaus boosted their price objective on Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. B. Riley increased their target price on Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Piper Sandler boosted their price target on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Raymond James lifted their target price on shares of Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and an average target price of $151.75.

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WIT Partners Advisory Pte. Ltd. purchased a new stake in shares of Crocs in the fourth quarter valued at about $266,431,000. Coatue Management LLC raised its stake in shares of Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after buying an additional 919,835 shares in the last quarter. Norges Bank purchased a new position in shares of Crocs during the 4th quarter worth approximately $72,211,000. Patient Capital Management LLC purchased a new stake in shares of Crocs in the fourth quarter valued at approximately $39,420,000. Finally, AQR Capital Management LLC grew its holdings in Crocs by 141.1% during the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock worth $63,574,000 after acquiring an additional 421,712 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Company Profile

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.