Insider Selling: Crocs, Inc. (NASDAQ:CROX) EVP Sells $210,543.84 in Stock

Crocs, Inc. (NASDAQ:CROXGet Free Report) EVP Shannon Sisler sold 1,404 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $149.96, for a total value of $210,543.84. Following the sale, the executive vice president now directly owns 37,103 shares of the company’s stock, valued at $5,563,965.88. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shannon Sisler also recently made the following trade(s):

  • On Tuesday, May 28th, Shannon Sisler sold 1,450 shares of Crocs stock. The shares were sold at an average price of $152.32, for a total transaction of $220,864.00.

Crocs Stock Performance

CROX stock opened at $155.97 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $157.56. The stock has a market capitalization of $9.47 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.75 and a beta of 2.03. The company has a 50 day moving average price of $135.56 and a 200 day moving average price of $116.57.

Crocs (NASDAQ:CROXGet Free Report) last released its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The company had revenue of $938.60 million for the quarter, compared to the consensus estimate of $884.29 million. During the same period in the prior year, the company posted $2.61 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. Analysts forecast that Crocs, Inc. will post 12.66 EPS for the current year.

Hedge Funds Weigh In On Crocs

Several hedge funds have recently added to or reduced their stakes in the stock. WIT Partners Advisory Pte. Ltd. acquired a new position in shares of Crocs in the 4th quarter valued at $266,431,000. Coatue Management LLC boosted its position in shares of Crocs by 836.7% during the fourth 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 during the period. Norges Bank bought a new position in shares of Crocs during the 4th quarter worth approximately $72,211,000. Patient Capital Management LLC bought a new position in Crocs in the fourth quarter valued at $39,420,000. Finally, AQR Capital Management LLC increased its position in shares of Crocs by 141.1% in the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock valued at $63,574,000 after acquiring an additional 421,712 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CROX shares. Wedbush upped their target price on Crocs from $156.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Raymond James boosted their price objective on Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Bank of America boosted their price target on shares of Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Piper Sandler raised their price objective on shares of Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.75.

Get Our Latest Stock Report on Crocs

Crocs Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Crocs (NASDAQ:CROX)

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