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

Crocs, Inc. (NASDAQ:CROX) EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Crocs Trading Down 1.2 %

NASDAQ CROX opened at $107.60 on Friday. The firm has a 50 day simple moving average of $105.39 and a 200-day simple moving average of $118.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.80 and a beta of 1.93.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Equities research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Monness Crespi & Hardt dropped their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Bank of America upped their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. Barclays lowered their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CROX. Creative Planning boosted its stake in shares of Crocs by 7.6% in the third quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock valued at $780,000 after purchasing an additional 382 shares during the period. Blue Trust Inc. raised its holdings in Crocs by 63.4% in the third quarter. Blue Trust Inc. now owns 1,636 shares of the textile maker’s stock valued at $239,000 after acquiring an additional 635 shares in the last quarter. Private Advisor Group LLC raised its holdings in Crocs by 23.2% in the third quarter. Private Advisor Group LLC now owns 19,044 shares of the textile maker’s stock valued at $2,758,000 after acquiring an additional 3,584 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Crocs in the third quarter valued at approximately $2,076,000. Finally, Riverwater Partners LLC raised its holdings in Crocs by 86.3% in the third quarter. Riverwater Partners LLC now owns 19,797 shares of the textile maker’s stock valued at $2,787,000 after acquiring an additional 9,168 shares in the last quarter. Hedge funds and other 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.