Crocs (NASDAQ:CROX) Director Sells $2,252,864.40 in Stock

Crocs, Inc. (NASDAQ:CROX) Director Douglas Treff sold 14,802 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $152.20, for a total value of $2,252,864.40. Following the completion of the sale, the director directly owned 72,085 shares in the company, valued at $10,971,337. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Crocs Stock Up 4.1%

Shares of CROX traded up $6.24 on Wednesday, hitting $159.85. 1,719,760 shares of the stock traded hands, compared to its average volume of 1,206,449. The company has a market capitalization of $7.31 billion, a PE ratio of 11.94, a P/E/G ratio of 1.22 and a beta of 1.49. The business has a 50 day simple moving average of $121.58 and a 200 day simple moving average of $110.42. Crocs, Inc. has a one year low of $73.21 and a one year high of $161.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.86 and a current ratio of 1.44.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, October 29th. The textile maker reported $3.69 EPS for the quarter, beating the consensus estimate of $3.31 by $0.38. Crocs had a return on equity of 49.35% and a net margin of 16.20%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $2.92 earnings per share. Crocs’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Crocs, Inc. will post 14.62 earnings per share for the current fiscal year.

Key Headlines Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs earned Cradle to Cradle Certified® Circularity Gold for the Classic Clog, recognizing its circular-design and recycled-material efforts. This could strengthen the brand’s sustainability credentials, though the immediate financial effect is uncertain. Article: Crocs earns Circularity Gold certification
• Positive Sentiment: Recent third-quarter results beat expectations: EPS was $3.69 versus $3.31 expected, and revenue reached $1.04 billion against roughly $1.00 billion expected, up 4.7% year over year. The earnings strength has supported CROX’s recent rally.
• Positive Sentiment: Analyst price targets have moved higher, including a reported 16.56% increase in the consensus target to $163.49. Zacks also highlighted CROX’s momentum and Strong Buy ranking; these signals may support investor sentiment but do not guarantee further gains. Article: Crocs consensus price target increase Article: Crocs momentum analysis
• Neutral Sentiment: HEYDUDE launched a holiday campaign featuring Riley Green. The promotion could boost visibility for Crocs’ portfolio, but its sales impact is not yet known. Article: HEYDUDE holiday campaign
• Negative Sentiment: Two insiders disclosed sales dated October 30: Director Ronald Frasch sold 15,000 shares, trimming his holdings by 19.69%, and EVP Rupert George Campbell sold 2,645 shares, reducing his position by 3.71%. Such sales can weigh on sentiment, though they do not necessarily indicate a change in the company’s outlook. Article: Crocs insider transaction disclosures

Institutional Trading of Crocs

Several large investors have recently added to or reduced their stakes in CROX. AlphaCore Capital LLC grew its holdings in Crocs by 33.5% during the 3rd quarter. AlphaCore Capital LLC now owns 2,763 shares of the textile maker’s stock valued at $324,000 after buying an additional 694 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Crocs in the third quarter worth $1,551,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Crocs by 9.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 26,070 shares of the textile maker’s stock worth $3,109,000 after buying an additional 2,273 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Crocs during the third quarter worth $610,000. Finally, Heritage Family Offices LLP bought a new position in shares of Crocs during the third quarter worth $45,000. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CROX. Bank of America increased their price objective on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group reiterated a “sell” rating and set a $128.00 target price on shares of Crocs in a research note on Friday, October 30th. Seaport Research Partners increased their price target on Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday, July 20th. Zacks Research upgraded Crocs from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.30.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.