Crocs (NASDAQ:CROX) Shares Down 3%

Crocs, Inc. (NASDAQ:CROX)’s share price was down 3% on Tuesday . The company traded as low as $143.16 and last traded at $143.32. Approximately 168,847 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,343,665 shares. The stock had previously closed at $147.75.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CROX. UBS Group raised their target price on Crocs from $124.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Monness Crespi & Hardt raised their price objective on shares of Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. KeyCorp upped their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. B. Riley lifted their price target on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Barclays upped their price target on Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.83.

Crocs Trading Up 1.7 %

The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average of $145.31 and a 200-day moving average of $125.77. The stock has a market cap of $8.98 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.62 and a beta of 2.00.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 earnings per share. On average, analysts anticipate that Crocs, Inc. will post 12.7 EPS for the current year.

Insider Transactions at Crocs

In related news, CEO Andrew Rees sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the transaction, the chief executive officer now owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the transaction, the chief executive officer now directly owns 79,748 shares in the company, valued at $12,771,642.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anne Mehlman sold 7,150 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $159.01, for a total value of $1,136,921.50. Following the completion of the sale, the executive vice president now owns 143,075 shares of the company’s stock, valued at approximately $22,750,355.75. The disclosure for this sale can be found here. Insiders sold a total of 30,178 shares of company stock worth $4,597,445 over the last ninety days. 2.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Crocs

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in shares of Crocs by 15.2% during the 3rd quarter. LPL Financial LLC now owns 64,185 shares of the textile maker’s stock worth $5,663,000 after buying an additional 8,469 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Crocs by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 26,720 shares of the textile maker’s stock worth $2,358,000 after purchasing an additional 140 shares during the period. Alps Advisors Inc. lifted its stake in shares of Crocs by 32.0% in the 3rd quarter. Alps Advisors Inc. now owns 3,636 shares of the textile maker’s stock valued at $321,000 after purchasing an additional 881 shares in the last quarter. WealthPlan Investment Management LLC purchased a new stake in shares of Crocs during the 3rd quarter worth about $575,000. Finally, SkyView Investment Advisors LLC increased its position in Crocs by 5.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,135 shares of the textile maker’s stock worth $276,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.