Crocs, Inc. (NASDAQ:CROX) EVP Sells $511,325.25 in Stock

Crocs, Inc. (NASDAQ:CROX) EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Crocs Stock Down 1.2 %

NASDAQ CROX traded down $1.28 during trading hours on Friday, reaching $107.60. 1,497,028 shares of the company traded hands, compared to its average volume of 1,699,395. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $6.03 billion, a PE ratio of 6.73, a PEG ratio of 1.83 and a beta of 1.93. The company has a 50 day moving average of $105.39 and a two-hundred day moving average of $118.75.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, equities analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CROX. Robert W. Baird dropped their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Barclays decreased their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Monness Crespi & Hardt decreased their target price 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. Guggenheim decreased their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Bank of America upped their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

Institutional Trading of Crocs

A number of institutional investors and hedge funds have recently modified their holdings of CROX. Arrowstreet Capital Limited Partnership raised its holdings in shares of Crocs by 1,516.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after purchasing an additional 1,244,480 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares during the period. Norges Bank acquired a new stake in shares of Crocs during the fourth quarter worth $62,221,000. Altshuler Shaham Ltd raised its holdings in shares of Crocs by 30,778.0% during the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker’s stock worth $50,055,000 after purchasing an additional 455,515 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Crocs by 49.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock worth $143,309,000 after purchasing an additional 429,994 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

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.