Crocs, Inc. (NASDAQ:CROX) EVP Sells $1,600,350.00 in Stock

Crocs, Inc. (NASDAQ:CROX) EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Crocs Stock Performance

NASDAQ CROX opened at $107.60 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is $105.39 and its two-hundred day moving average price is $118.75. Crocs, Inc. has a 1 year low of $88.25 and a 1 year high of $165.32. The firm has a market capitalization of $6.03 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.93.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CROX. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday. Barclays reduced their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Monness Crespi & Hardt reduced their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, KeyCorp reduced their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Hedge Funds Weigh In On Crocs

Several large investors have recently modified their holdings of the stock. Jupiter Wealth Management LLC raised its position in shares of Crocs by 28.6% in the fourth quarter. Jupiter Wealth Management LLC now owns 8,100 shares of the textile maker’s stock valued at $887,000 after purchasing an additional 1,800 shares during the period. CSS LLC IL bought a new position in shares of Crocs in the fourth quarter valued at about $617,000. White Knight Strategic Wealth Advisors LLC bought a new position in shares of Crocs in the fourth quarter valued at about $306,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Crocs by 8.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,974 shares of the textile maker’s stock valued at $22,232,000 after purchasing an additional 15,586 shares during the period. Finally, Vident Advisory LLC raised its position in shares of Crocs by 35.1% in the fourth quarter. Vident Advisory LLC now owns 15,544 shares of the textile maker’s stock valued at $1,703,000 after purchasing an additional 4,038 shares during the period. 93.44% of the stock is owned by institutional investors.

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.