Crocs, Inc. (NASDAQ:CROX) EVP Sells $511,325.25 in Stock

Crocs, Inc. (NASDAQ:CROX) EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Crocs Price Performance

Shares of NASDAQ CROX traded down $1.28 on Friday, hitting $107.60. The company’s stock had a trading volume of 1,497,028 shares, compared to its average volume of 1,699,395. The stock has a 50 day moving average of $105.39 and a 200-day moving average of $118.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.93. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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, research analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Hedge Funds Weigh In On Crocs

Institutional investors have recently modified their holdings of the company. Clear Harbor Asset Management LLC increased its position in Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after purchasing an additional 100 shares during the last quarter. Covestor Ltd increased its position in Crocs by 10.3% during the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after purchasing an additional 114 shares during the last quarter. Valmark Advisers Inc. increased its position in Crocs by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after purchasing an additional 117 shares during the last quarter. Manchester Capital Management LLC increased its position in Crocs by 9.9% during the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after purchasing an additional 129 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Crocs by 5.3% during the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker’s stock worth $299,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CROX. 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 research note on Thursday, January 23rd. Barclays dropped their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Robert W. Baird dropped their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and lowered their target price for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Company Profile

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.