Insider Selling: Crocs (NASDAQ:CROX) CEO Sells $1,505,441.28 in Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 10,928 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.76, for a total value of $1,505,441.28. Following the completion of the sale, the chief executive officer directly owned 732,365 shares in the company, valued at approximately $100,890,602.40. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Andrew Rees also recently made the following trade(s):

• On Monday, August 10th, Andrew Rees sold 19,072 shares of Crocs stock. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52.
• On Friday, June 5th, Andrew Rees sold 32,688 shares of Crocs stock. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $132.56 on Friday. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.09 and a beta of 1.53. The business has a 50 day moving average price of $129.03 and a 200 day moving average price of $106.71. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $141.28.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned ($8.82) earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Research analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on CROX shares. Weiss Ratings raised shares of Crocs from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Monness Crespi & Hardt upped their price objective on shares of Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Williams Trading set a $150.00 target price on shares of Crocs in a research note on Tuesday, June 9th. Bank of America lifted their target price on Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada started coverage on Crocs in a research note on Monday, June 8th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.10.

Institutional Investors Weigh In On Crocs

A number of institutional investors have recently bought and sold shares of CROX. Root Financial Partners LLC increased its holdings in Crocs by 96.3% in the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after buying an additional 157 shares during the period. Torren Management LLC bought a new position in shares of Crocs during the 4th quarter worth about $39,000. Parallel Advisors LLC lifted its holdings in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Crocs during the 2nd quarter valued at about $42,000. Finally, Allworth Financial LP acquired a new stake in shares of Crocs during the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Company Profile

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.