Crocs (NASDAQ:CROX) Shares Down 13.7%

Shares of Crocs, Inc. (NASDAQ:CROXGet Rating) fell 13.7% during trading on Thursday . The stock traded as low as $66.66 and last traded at $66.80. 45,378 shares traded hands during trading, a decline of 97% from the average session volume of 1,708,921 shares. The stock had previously closed at $77.38.

Analyst Ratings Changes

Several research firms have commented on CROX. Stifel Nicolaus lowered their price objective on shares of Crocs from $59.00 to $54.00 in a research report on Wednesday, July 20th. StockNews.com upgraded shares of Crocs from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley lowered their price objective on shares of Crocs from $120.00 to $116.00 in a research report on Friday. OTR Global lowered shares of Crocs to a “positive” rating in a research report on Tuesday, July 19th. Finally, Robert W. Baird restated an “outperform” rating and issued a $90.00 target price on shares of Crocs in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus target price of $94.25.

Crocs Stock Up 6.6 %

The business’s fifty day moving average is $57.01 and its two-hundred day moving average is $70.46. The company has a market cap of $4.53 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 0.45 and a beta of 2.02. The company has a debt-to-equity ratio of 5.58, a quick ratio of 1.19 and a current ratio of 1.94.

Crocs (NASDAQ:CROXGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The textile maker reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.51. Crocs had a net margin of 19.08% and a return on equity of 202.79%. The company had revenue of $964.60 million during the quarter, compared to analyst estimates of $938.93 million. During the same quarter last year, the business posted $2.23 EPS. The firm’s revenue for the quarter was up 50.6% on a year-over-year basis. Equities analysts predict that Crocs, Inc. will post 10.22 EPS for the current year.

Insider Activity at Crocs

In related news, CFO Anne Mehlman acquired 2,600 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average price of $54.91 per share, for a total transaction of $142,766.00. Following the acquisition, the chief financial officer now directly owns 121,153 shares of the company’s stock, valued at approximately $6,652,511.23. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Crocs news, CFO Anne Mehlman bought 2,600 shares of the business’s stock in a transaction on Monday, May 9th. The shares were acquired at an average price of $54.91 per share, with a total value of $142,766.00. Following the transaction, the chief financial officer now owns 121,153 shares of the company’s stock, valued at approximately $6,652,511.23. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel P. Hart bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were acquired at an average cost of $52.63 per share, for a total transaction of $263,150.00. Following the transaction, the executive vice president now directly owns 263,322 shares in the company, valued at approximately $13,858,636.86. The disclosure for this purchase can be found here. Insiders purchased 17,600 shares of company stock worth $947,066 in the last 90 days. 2.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC grew its position in shares of Crocs by 100.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 400 shares of the textile maker’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Crocs in the 4th quarter worth approximately $32,000. Koshinski Asset Management Inc. grew its position in shares of Crocs by 1,716.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 436 shares of the textile maker’s stock worth $33,000 after buying an additional 412 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Crocs in the 4th quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Crocs in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Crocs Company Profile

(Get Rating)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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