Crocs (NASDAQ:CROX) Director Douglas Treff Sells 10,714 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) Director Douglas Treff sold 10,714 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $159.21, for a total transaction of $1,705,775.94. Following the sale, the director owned 61,371 shares in the company, valued at approximately $9,770,876.91. This trade represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Crocs Price Performance

CROX stock opened at $151.86 on Friday. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $161.88. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.22 and a beta of 1.49. The firm has a 50 day moving average of $123.51 and a 200-day moving average of $111.50. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.38. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $2.92 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that Crocs, Inc. will post 14.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on CROX. Zacks Research upgraded Crocs from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Wall Street Zen upgraded shares of Crocs from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 1st. Weiss Ratings raised shares of Crocs from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. Barclays upped their price target on Crocs from $139.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $128.00 price objective on shares of Crocs in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.30.

Institutional Trading of Crocs

Institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. raised its position in shares of Crocs by 450.1% during the 2nd quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock worth $20,068,000 after purchasing an additional 136,106 shares during the period. Bank of America Corp DE acquired a new position in Crocs during the second quarter valued at approximately $33,820,000. Legal & General Group Plc acquired a new stake in Crocs during the second quarter worth about $8,129,000. Corient Private Wealth LP grew its stake in shares of Crocs by 107.3% in the 2nd quarter. Corient Private Wealth LP now owns 23,832 shares of the textile maker’s stock valued at $2,875,000 after purchasing an additional 12,335 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Crocs in the 2nd quarter valued at $1,556,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

About Crocs

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.