Crocs (NASDAQ:CROX) Stock: Insider Douglas Treff Sells 10,714 Shares

Crocs, Inc. (NASDAQ:CROX) Director Douglas Treff sold 10,714 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $159.21, for a total value of $1,705,775.94. Following the completion of the sale, the director owned 61,371 shares of the company’s stock, valued at approximately $9,770,876.91. This represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Crocs Trading Down 0.7%

NASDAQ:CROX opened at $151.86 on Friday. The business’s 50-day moving average is $123.51 and its two-hundred day moving average is $111.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.86. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $161.88. The firm has a market capitalization of $6.94 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.38. Crocs had a return on equity of 49.35% and a net margin of 16.20%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business earned $2.92 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Crocs, Inc. will post 14.62 earnings per share for the current fiscal year.

Institutional Trading of Crocs

Several institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Crocs in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Crocs by 95.9% in the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Crocs during the 2nd quarter valued at approximately $42,000. Heritage Family Offices LLP acquired a new stake in shares of Crocs during the 3rd quarter valued at approximately $45,000. Finally, Allworth Financial LP bought a new position in Crocs during the second quarter worth $53,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CROX. Weiss Ratings upgraded Crocs from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Bank of America lifted their price objective on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Needham & Company LLC lifted their price objective on shares of Crocs from $150.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Piper Sandler reissued an “overweight” rating on shares of Crocs in a research report on Friday, October 30th. Finally, Barclays raised their price target on shares of Crocs from $139.00 to $178.00 and gave the company an “overweight” rating in a report 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.30.

About Crocs

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.