Adam Michaels Sells 15,000 Shares of Crocs, Inc. (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROX) EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Crocs Stock Performance

CROX traded up $3.62 during trading on Wednesday, hitting $110.97. 1,982,225 shares of the stock were exchanged, compared to its average volume of 1,702,820. The firm has a market capitalization of $6.22 billion, a P/E ratio of 6.94, a PEG ratio of 1.82 and a beta of 1.93. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32. The stock has a fifty day moving average price of $105.60 and a two-hundred day moving average price of $118.97. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, sell-side analysts predict that Crocs, Inc. will post 12.97 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its stake in Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after buying an additional 14,387 shares during the period. Meeder Asset Management Inc. lifted its position in Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after purchasing an additional 20,797 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in Crocs by 2,775.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 7,633 shares in the last quarter. Aigen Investment Management LP acquired a new position in Crocs during the 3rd quarter worth approximately $2,024,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Crocs during the 3rd quarter worth approximately $2,076,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the subject of several research reports. KeyCorp dropped their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Bank of America upped their price target on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. UBS Group lifted their price objective on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. Finally, Monness Crespi & Hardt reduced their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Crocs has an average rating of “Moderate Buy” and a consensus price target of $143.53.

About Crocs

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.