Crocs (NASDAQ:CROX) Trading Down 3%

Shares of Crocs, Inc. (NASDAQ:CROX) fell 3% on Tuesday . The stock traded as low as $143.16 and last traded at $143.32. 168,847 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,343,665 shares. The stock had previously closed at $147.75.

Analyst Ratings Changes

CROX has been the topic of several research reports. Wedbush raised their price target on Crocs from $156.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. B. Riley boosted their price target on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Monness Crespi & Hardt increased their price objective on shares of Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Barclays boosted their price objective on shares of Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Finally, Bank of America increased their target price on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.83.

Crocs Price Performance

The stock has a 50-day moving average price of $145.31 and a two-hundred day moving average price of $125.77. The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 1.08. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.62 and a beta of 2.00.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.77. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. During the same quarter last year, the company earned $2.61 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Crocs, Inc. will post 12.7 EPS for the current year.

Insiders Place Their Bets

In other Crocs news, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Andrew Rees sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now directly owns 79,748 shares in the company, valued at $12,771,642.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Smach sold 10,174 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $140.32, for a total value of $1,427,615.68. Following the completion of the sale, the director now owns 115,339 shares in the company, valued at approximately $16,184,368.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,178 shares of company stock valued at $4,597,445. Insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Crocs by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after purchasing an additional 76,460 shares during the period. WIT Partners Advisory Pte. Ltd. purchased a new stake in shares of Crocs during the fourth quarter worth $266,431,000. Coatue Management LLC grew its stake in Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after acquiring an additional 919,835 shares in the last quarter. Norges Bank acquired a new stake in Crocs in the 4th quarter valued at about $72,211,000. Finally, Pacer Advisors Inc. lifted its stake in Crocs by 13.4% in the 4th quarter. Pacer Advisors Inc. now owns 771,305 shares of the textile maker’s stock worth $72,048,000 after purchasing an additional 91,318 shares in the last quarter. 93.44% of the stock is currently 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.