Susan L. Healy Acquires 1,000 Shares of Crocs, Inc. (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROX) CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Crocs Stock Performance

Crocs stock opened at $97.78 on Friday. The stock has a fifty day moving average price of $127.81 and a 200 day moving average price of $136.61. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The firm has a market capitalization of $5.70 billion, a P/E ratio of 7.09, a PEG ratio of 1.00 and a beta of 2.01.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.25 EPS. Equities research analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Institutional Investors Weigh In On Crocs

A number of institutional investors have recently added to or reduced their stakes in CROX. Crossmark Global Holdings Inc. grew its holdings in shares of Crocs by 55.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after purchasing an additional 14,387 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 7,633 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Crocs in the 3rd quarter valued at $2,024,000. International Assets Investment Management LLC acquired a new position in shares of Crocs during the 3rd quarter valued at $2,076,000. Finally, Boston Partners purchased a new stake in Crocs during the 1st quarter worth $10,771,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wedbush restated an “outperform” rating and set a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. Robert W. Baird lowered their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. Finally, Monness Crespi & Hardt dropped their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.14.

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.