Crocs, Inc. (NASDAQ:CROX) EVP Adam Michaels Sells 15,000 Shares

Crocs, Inc. (NASDAQ:CROX) EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Crocs Trading Up 3.4 %

Shares of CROX opened at $110.97 on Thursday. The firm has a market cap of $6.22 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 1.82 and a beta of 1.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a 1 year low of $88.25 and a 1 year high of $165.32. The company has a 50 day simple moving average of $105.55 and a two-hundred day simple moving average of $118.92.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, equities analysts expect that Crocs, Inc. will post 12.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crocs

Large investors have recently made changes to their positions in the company. Creative Planning boosted its stake in Crocs by 7.6% during the third quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock valued at $780,000 after buying an additional 382 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Crocs by 63.4% during the 3rd quarter. Blue Trust Inc. now owns 1,636 shares of the textile maker’s stock valued at $239,000 after acquiring an additional 635 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Crocs by 23.2% in the third quarter. Private Advisor Group LLC now owns 19,044 shares of the textile maker’s stock valued at $2,758,000 after purchasing an additional 3,584 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Crocs in the third quarter worth $2,076,000. Finally, Riverwater Partners LLC raised its stake in Crocs by 86.3% during the third quarter. Riverwater Partners LLC now owns 19,797 shares of the textile maker’s stock valued at $2,787,000 after purchasing an additional 9,168 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

CROX has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $129.00 target price on shares of Crocs in a research report on Thursday, February 13th. KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research note on Thursday. UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Barclays reduced their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

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.