Andrew Rees Sells 32,688 Shares of Crocs (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 32,688 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Crocs Stock Up 5.9%

Crocs stock traded up $7.12 during midday trading on Tuesday, hitting $127.77. 1,808,158 shares of the company’s stock were exchanged, compared to its average volume of 1,282,611. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $129.45. The firm has a 50-day moving average of $102.88 and a two-hundred day moving average of $92.16. The company has a market cap of $6.35 billion, a PE ratio of -92.59, a P/E/G ratio of 1.23 and a beta of 1.57.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same period in the prior year, the business earned $3.00 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, analysts expect that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CROX has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. BTIG Research initiated coverage on shares of Crocs in a report on Tuesday, March 10th. They issued a “neutral” rating on the stock. Wedbush initiated coverage on shares of Crocs in a report on Monday. They issued an “outperform” rating on the stock. Piper Sandler cut shares of Crocs from a “neutral” rating to a “neutral” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Crocs in a report on Monday. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.64.

Institutional Trading of Crocs

Institutional investors have recently modified their holdings of the company. 7G Capital Management LLC purchased a new position in shares of Crocs in the 1st quarter valued at approximately $3,445,000. Bank of America Corp DE raised its position in shares of Crocs by 130.1% in the 1st quarter. Bank of America Corp DE now owns 342,053 shares of the textile maker’s stock valued at $28,397,000 after purchasing an additional 193,426 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Crocs by 16.7% in the 1st quarter. Edgestream Partners L.P. now owns 26,045 shares of the textile maker’s stock valued at $2,162,000 after purchasing an additional 3,722 shares during the last quarter. Amundi raised its position in shares of Crocs by 191.1% in the 1st quarter. Amundi now owns 12,011 shares of the textile maker’s stock valued at $997,000 after purchasing an additional 7,885 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Crocs by 16.3% in the 1st quarter. California State Teachers Retirement System now owns 60,066 shares of the textile maker’s stock valued at $4,987,000 after purchasing an additional 8,440 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.