Insider Buying: Crocs, Inc. (NASDAQ:CROX) Director Purchases 2,240 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) Director John B. Replogle bought 2,240 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Crocs Stock Down 2.3 %

CROX traded down $2.58 during trading on Wednesday, hitting $109.00. The company had a trading volume of 3,538,032 shares, compared to its average volume of 1,326,220. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. The company has a market cap of $6.47 billion, a PE ratio of 8.20, a P/E/G ratio of 1.35 and a beta of 1.99. The business has a 50-day moving average of $137.05 and a 200-day moving average of $138.45.

Crocs (NASDAQ:CROX) last issued its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.25 EPS. As a group, analysts forecast that Crocs, Inc. will post 12.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CROX. Davis Investment Partners LLC boosted its holdings in shares of Crocs by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after buying an additional 77 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Crocs by 8.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 85 shares during the last quarter. Central Pacific Bank Trust Division raised its position in shares of Crocs by 8.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock worth $195,000 after purchasing an additional 100 shares during the period. 180 Wealth Advisors LLC lifted its holdings in shares of Crocs by 1.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock worth $1,036,000 after purchasing an additional 111 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its position in Crocs by 4.0% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker’s stock valued at $436,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CROX. Robert W. Baird dropped their price objective on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Guggenheim lowered their target price on Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Crocs Company Profile

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.