Insider Selling: Crocs (NASDAQ:CROX) EVP Sells $399,051.15 in Stock

Crocs, Inc. (NASDAQ:CROX) EVP Rupert George Campbell sold 2,645 shares of Crocs stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $150.87, for a total transaction of $399,051.15. Following the completion of the transaction, the executive vice president owned 68,573 shares in the company, valued at approximately $10,345,608.51. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Crocs Trading Up 0.9%

CROX traded up $1.32 during trading on Tuesday, reaching $154.46. The company had a trading volume of 299,548 shares, compared to its average volume of 1,199,860. The firm’s 50-day simple moving average is $121.03 and its 200 day simple moving average is $110.07. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.00 and a beta of 1.56. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $156.75. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.38. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%. Crocs’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.92 earnings per share. Equities research analysts anticipate that Crocs, Inc. will post 14.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Crocs from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday. Seaport Research Partners lifted their price target on shares of Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Needham & Company LLC raised their target price on Crocs from $150.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Bank of America boosted their price target on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded Crocs from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.30.

Institutional Investors Weigh In On Crocs

Several hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC grew its position in shares of Crocs by 96.3% in the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Versant Capital Management Inc increased its position in Crocs by 95.9% during the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock worth $34,000 after buying an additional 142 shares during the period. Global Retirement Partners LLC bought a new position in Crocs during the 2nd quarter worth $42,000. Heritage Family Offices LLP acquired a new stake in Crocs in the third quarter valued at about $45,000. Finally, Allworth Financial LP acquired a new position in Crocs in the 2nd quarter worth about $53,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.