Crocs (NASDAQ:CROX) Stock: Insider Ronald Frasch Sells 15,000 Shares

Crocs, Inc. (NASDAQ:CROX) Director Ronald Frasch sold 15,000 shares of the business’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $153.51, for a total value of $2,302,650.00. Following the completion of the sale, the director directly owned 61,180 shares in the company, valued at $9,391,741.80. This trade represents a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Crocs Trading Up 4.1%

NASDAQ CROX opened at $159.84 on Thursday. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $161.88. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average price is $122.32 and its 200-day moving average price is $110.81. The stock has a market cap of $7.31 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.22 and a beta of 1.49.

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

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

Institutional Investors Weigh In On Crocs

Several institutional investors have recently modified their holdings of CROX. Root Financial Partners LLC bought a new position in Crocs during the third quarter valued at approximately $28,000. Versant Capital Management Inc boosted its holdings in Crocs by 95.9% in the third quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Crocs in the 2nd quarter worth approximately $42,000. Heritage Family Offices LLP bought a new stake in Crocs in the 3rd quarter worth approximately $45,000. Finally, Allworth Financial LP bought a new stake in Crocs in the 2nd quarter worth approximately $53,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CROX. Williams Trading set a $184.00 target price on shares of Crocs in a research note on Friday, October 30th. The Goldman Sachs Group reiterated a “sell” rating and set a $128.00 price target on shares of Crocs in a report on Friday, October 30th. BTIG Research reissued a “neutral” rating on shares of Crocs in a research report on Thursday, October 29th. Monness Crespi & Hardt boosted their price objective on shares of Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, UBS Group upped their price objective on Crocs from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.30.

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.