Insider Buying: Crocs, Inc. (NASDAQ:CROX) CFO Buys 1,000 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) CFO Susan L. Healy acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Crocs Stock Up 0.9 %

Shares of CROX stock traded up $0.90 on Thursday, reaching $99.86. 1,808,539 shares of the stock were exchanged, compared to its average volume of 1,347,637. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average price is $128.45 and its 200 day moving average price is $136.81. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.03 and a beta of 2.01. Crocs, Inc. has a twelve month low of $85.71 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm 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, sell-side analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CROX. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and cut their price target for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt lowered their price target 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. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.14.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after buying an additional 406,287 shares during the period. Pacer Advisors Inc. grew its position in Crocs by 33.8% during the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after buying an additional 368,557 shares during the period. National Bank of Canada FI grew its position in Crocs by 8,437.1% during the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock worth $26,993,000 after buying an additional 180,555 shares during the period. Marshall Wace LLP acquired a new position in Crocs during the second quarter worth about $19,598,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Crocs during the third quarter worth about $17,122,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.