Crocs, Inc. (NASDAQ:CROX) EVP Shannon Sisler Sells 4,659 Shares

Crocs, Inc. (NASDAQ:CROX) EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Crocs Trading Down 1.2 %

CROX stock opened at $107.60 on Friday. The company has a market cap of $6.03 billion, a P/E ratio of 6.73, a PEG ratio of 1.83 and a beta of 1.93. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average of $105.39 and a 200-day moving average of $118.75.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, equities research analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. KeyCorp decreased their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Monness Crespi & Hardt cut their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays cut their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CROX. Arrowstreet Capital Limited Partnership increased its holdings in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock valued at $145,299,000 after purchasing an additional 1,244,480 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the last quarter. Norges Bank bought a new stake in Crocs in the fourth quarter valued at about $62,221,000. Altshuler Shaham Ltd increased its holdings in Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker’s stock valued at $50,055,000 after purchasing an additional 455,515 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock valued at $143,309,000 after purchasing an additional 429,994 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

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.