Insider Buying: Crocs, Inc. (NASDAQ:CROX) CFO Purchases $99,700.00 in Stock

Crocs, Inc. (NASDAQ:CROX) CFO Susan L. Healy bought 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Crocs Stock Performance

Crocs stock opened at $97.78 on Friday. The stock has a fifty day moving average price of $127.81 and a 200 day moving average price of $136.69. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The firm has a market capitalization of $5.70 billion, a P/E ratio of 7.09, a PEG ratio of 1.00 and a beta of 2.01. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.25 EPS. Equities research analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Hedge Funds Weigh In On Crocs

Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. grew its position in Crocs by 17.3% during the first quarter. Sei Investments Co. now owns 18,215 shares of the textile maker’s stock valued at $2,619,000 after acquiring an additional 2,680 shares during the period. QRG Capital Management Inc. acquired a new position in Crocs during the first quarter valued at approximately $268,000. Russell Investments Group Ltd. increased its position in shares of Crocs by 78.2% in the first quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock worth $5,053,000 after acquiring an additional 15,418 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of Crocs in the first quarter worth $262,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of Crocs during the 1st quarter valued at $214,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group decreased their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Finally, Monness Crespi & Hardt dropped their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.14.

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.