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

Crocs, Inc. (NASDAQ:CROX) EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $107.60 on Monday. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The business has a fifty day moving average price of $105.39 and a 200-day moving average price of $118.65. The company has a market capitalization of $6.03 billion, a PE ratio of 6.73, a PEG ratio of 1.80 and a beta of 1.93.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results 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 return on equity of 46.27% and a net margin of 23.16%. As a group, equities analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Crocs

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after acquiring an additional 406,287 shares in the last quarter. Vanguard Group Inc. increased its holdings in Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after buying an additional 47,576 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares in the last quarter. State Street Corp increased its holdings in Crocs by 0.7% in the 3rd quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after buying an additional 13,467 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after buying an additional 1,244,480 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CROX shares. KeyCorp dropped their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Guggenheim dropped their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $143.53.

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.