Crocs (NASDAQ:CROX) Director Douglas Treff Sells 14,802 Shares of Company Stock

Crocs, Inc. (NASDAQ:CROX) Director Douglas Treff sold 14,802 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $152.20, for a total value of $2,252,864.40. Following the completion of the sale, the director directly owned 72,085 shares in the company, valued at $10,971,337. The trade was a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Crocs Stock Up 4.1%

Shares of NASDAQ:CROX opened at $159.84 on Thursday. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $161.88. The company has a market cap of $7.31 billion, a PE ratio of 11.94, a P/E/G ratio of 1.22 and a beta of 1.49. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.86. The stock’s 50-day moving average is $122.32 and its 200 day moving average is $110.81.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.38. Crocs had a return on equity of 49.35% and a net margin of 16.20%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company posted $2.92 EPS. Crocs’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Crocs, Inc. will post 14.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Crocs during the second quarter worth about $561,223,000. Patient Capital Management LLC purchased a new stake in Crocs in the second quarter worth about $96,443,000. Bank of New York Mellon Corp purchased a new stake in Crocs in the second quarter worth about $39,610,000. Bank of America Corp DE bought a new position in shares of Crocs during the second quarter valued at approximately $33,820,000. Finally, Baird Financial Group Inc. increased its stake in shares of Crocs by 450.1% during the second quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock valued at $20,068,000 after purchasing an additional 136,106 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the topic of several recent analyst reports. Needham & Company LLC lifted their price target on shares of Crocs from $150.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 29th. BTIG Research reissued a “neutral” rating on shares of Crocs in a research report on Thursday, October 29th. Piper Sandler restated an “overweight” rating on shares of Crocs in a report on Friday, October 30th. Monness Crespi & Hardt raised their target price on shares of Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Bank of America raised their target price on shares of Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.30.

Trending Headlines about Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs earned Cradle to Cradle Certified Circularity Gold for its Classic Clog, recognizing its circular-design and recycled-material efforts. The certification could support brand positioning, though the near-term financial effect is unclear. Article: Crocs Classic Clog earns Circularity Gold certification
• Positive Sentiment: Analyst estimates have improved: a report put the consensus price target at $163.49, up 16.56%. Crocs also recently beat third-quarter EPS and revenue expectations, with sales up 4.7% year over year—fundamentals that have helped bolster sentiment. Article: Crocs consensus price target increased Article: Crocs Q3 analysis
• Positive Sentiment: Zacks recently described CROX as a strong-momentum stock and highlighted its Strong Buy ranking, adding to favorable market sentiment. Article: Crocs as a strong momentum stock
• Negative Sentiment: Director Douglas Treff sold 14,802 shares, reducing his direct stake by 17.04%. This adds to recent sales by director Ronald Frasch (15,000 shares) and EVP Rupert George Campbell (2,645 shares). Insider sales can weigh on sentiment, though they do not necessarily indicate a change in business outlook. SEC filing: Douglas Treff sale SEC filing: Ronald Frasch sale SEC filing: Rupert George Campbell sale

Crocs Company Profile

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.