Crocs (NASDAQ:CROX) CEO Andrew Rees Sells 32,688 Shares

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 32,688 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the transaction, the chief executive officer directly owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Crocs Stock Performance

NASDAQ:CROX opened at $127.77 on Wednesday. The firm has a market capitalization of $6.35 billion, a PE ratio of -92.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.57. The business’s fifty day moving average price is $103.85 and its 200 day moving average price is $92.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $129.45.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million for the quarter, compared to analyst estimates of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.Crocs’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. On average, sell-side analysts anticipate that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crocs

Several large investors have recently bought and sold shares of CROX. AQR Capital Management LLC boosted its stake in Crocs by 399.0% in the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after acquiring an additional 1,012,943 shares in the last quarter. Norges Bank acquired a new stake in shares of Crocs during the fourth quarter worth about $67,545,000. Smead Capital Management Inc. acquired a new stake in shares of Crocs during the third quarter worth about $52,978,000. Himalaya Capital Management LLC acquired a new stake in shares of Crocs during the fourth quarter worth about $53,720,000. Finally, American Century Companies Inc. boosted its stake in shares of Crocs by 144.4% during the third quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock worth $59,939,000 after buying an additional 423,817 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings downgraded shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Wedbush assumed coverage on shares of Crocs in a research note on Monday. They issued an “outperform” rating for the company. Monness Crespi & Hardt upped their price objective on shares of Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Piper Sandler downgraded shares of Crocs from a “neutral” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Crocs has an average rating of “Moderate Buy” and an average target price of $117.64.

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.