Crocs, Inc. (NASDAQ:CROX) EVP Sells $511,325.25 in Stock

Crocs, Inc. (NASDAQ:CROX) EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Crocs Stock Down 1.2 %

Shares of CROX opened at $107.60 on Monday. The business’s 50 day moving average is $105.39 and its 200 day moving average is $118.65. The company has a market capitalization of $6.03 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 1.80 and a beta of 1.93. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Institutional Trading of Crocs

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC raised its stake in Crocs by 3.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock valued at $341,000 after purchasing an additional 100 shares during the period. Covestor Ltd increased its stake in Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after acquiring an additional 114 shares during the last quarter. Valmark Advisers Inc. increased its stake in Crocs by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after acquiring an additional 117 shares during the last quarter. Manchester Capital Management LLC increased its stake in Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after acquiring an additional 129 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Crocs by 5.3% in the 4th quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker’s stock worth $299,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CROX. UBS Group raised their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. KeyCorp dropped their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Barclays dropped their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Bank of America raised their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Monness Crespi & Hardt dropped their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

About Crocs

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.