Crocs (NASDAQ:CROX) EVP Anne Mehlman Sells 12,145 Shares

Crocs, Inc. (NASDAQ:CROX) EVP Anne Mehlman sold 12,145 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.06, for a total transaction of $1,215,228.70. Following the sale, the executive vice president owned 131,112 shares of the company’s stock, valued at approximately $13,119,066.72. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Crocs Trading Up 0.0%

Shares of CROX stock traded up $0.04 during mid-day trading on Tuesday, reaching $96.69. The company’s stock had a trading volume of 1,435,965 shares, compared to its average volume of 1,454,546. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $4.86 billion, a PE ratio of -76.74, a price-to-earnings-growth ratio of 1.12 and a beta of 1.56. The company’s 50 day simple moving average is $88.10 and its 200-day simple moving average is $84.65. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $122.84.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.37. Crocs had a negative net margin of 2.01% and a positive return on equity of 45.17%. The firm had revenue of $957.64 million during the quarter, compared to analysts’ expectations of $916.16 million. During the same period in the prior year, the company earned $2.52 EPS. The firm’s revenue was down 3.3% on a year-over-year basis. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. On average, research analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CROX. Monness Crespi & Hardt upped their price target on Crocs from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Weiss Ratings raised shares of Crocs from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th. The Goldman Sachs Group raised their price target on shares of Crocs from $71.00 to $81.00 and gave the company a “sell” rating in a report on Friday, February 13th. Stifel Nicolaus lifted their price target on shares of Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Finally, Piper Sandler reissued a “neutral” rating and issued a $95.00 price objective on shares of Crocs in a research report on Thursday, February 12th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $103.42.

Hedge Funds Weigh In On Crocs

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in Crocs by 1.1% during the second quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock valued at $1,085,000 after buying an additional 120 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of Crocs by 2.9% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 4,457 shares of the textile maker’s stock valued at $451,000 after acquiring an additional 127 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Crocs by 3.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 5,162 shares of the textile maker’s stock valued at $523,000 after acquiring an additional 166 shares in the last quarter. L2 Asset Management LLC lifted its stake in Crocs by 5.4% during the fourth quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock worth $284,000 after purchasing an additional 169 shares during the last quarter. Finally, Anchor Capital Advisors LLC boosted its holdings in Crocs by 2.8% in the third quarter. Anchor Capital Advisors LLC now owns 6,679 shares of the textile maker’s stock worth $558,000 after purchasing an additional 180 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

About Crocs

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.