Crocs, Inc. (NASDAQ:CROX) Director Douglas J. Treff Sells 10,594 Shares

Crocs, Inc. (NASDAQ:CROX) Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the sale, the director now directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Crocs Price Performance

CROX stock traded up $0.52 during midday trading on Friday, hitting $132.27. The company’s stock had a trading volume of 899,713 shares, compared to its average volume of 1,380,737. The company has a quick ratio of 1.14, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32. The company has a 50 day moving average of $142.85 and a two-hundred day moving average of $131.96. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.45 and a beta of 2.00.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. Crocs’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.59 earnings per share. On average, analysts expect that Crocs, Inc. will post 12.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CROX shares. Raymond James downgraded Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target for the company. in a research note on Friday, August 2nd. Williams Trading restated a “hold” rating and set a $125.00 target price (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Monness Crespi & Hardt increased their price target on shares of Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Crocs in a research note on Monday, July 29th. Finally, UBS Group reduced their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.09.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Crocs in the first quarter worth about $25,000. Rise Advisors LLC bought a new stake in Crocs in the 1st quarter worth approximately $25,000. Byrne Asset Management LLC raised its holdings in shares of Crocs by 60.0% during the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 180 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Crocs in the fourth quarter worth $53,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.