Crocs, Inc. (NASDAQ:CROX) Director Acquires $252,224.00 in Stock

Crocs, Inc. (NASDAQ:CROX) Director John B. Replogle acquired 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Crocs Stock Performance

CROX stock opened at $106.21 on Friday. The firm has a 50 day moving average of $135.60 and a two-hundred day moving average of $138.11. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 1.10 and a beta of 1.99. The company has a quick ratio of 0.95, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $3.25 earnings per share. Crocs’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Crocs, Inc. will post 12.94 EPS for the current fiscal year.

Analyst Ratings Changes

CROX has been the subject of a number of research analyst reports. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday. KeyCorp reduced their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Barclays reduced their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, UBS Group lowered their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CROX. State of Michigan Retirement System grew its holdings in Crocs by 2.1% during the first quarter. State of Michigan Retirement System now owns 14,838 shares of the textile maker’s stock valued at $2,134,000 after purchasing an additional 300 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Crocs by 39.1% during the 1st quarter. State of Alaska Department of Revenue now owns 9,103 shares of the textile maker’s stock worth $1,308,000 after acquiring an additional 2,558 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Crocs by 10.0% during the first quarter. Private Advisor Group LLC now owns 18,918 shares of the textile maker’s stock valued at $2,720,000 after acquiring an additional 1,717 shares during the period. Flynn Zito Capital Management LLC acquired a new stake in shares of Crocs in the first quarter valued at about $249,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Crocs in the first quarter valued at about $3,859,000. Institutional investors and hedge funds 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.