Daniel P. Hart Sells 25,000 Shares of Crocs, Inc. (CROX) Stock

Crocs, Inc. (NASDAQ:CROX) insider Daniel P. Hart sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $30.00, for a total value of $750,000.00. Following the transaction, the insider now owns 276,875 shares in the company, valued at $8,306,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ CROX traded down $0.01 during trading hours on Friday, hitting $31.09. The company had a trading volume of 29,343 shares, compared to its average volume of 1,182,191. Crocs, Inc. has a fifty-two week low of $12.02 and a fifty-two week high of $31.88. The firm has a market capitalization of $2.10 billion, a PE ratio of -1,556.00, a P/E/G ratio of 1.99 and a beta of 0.63.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, November 8th. The textile maker reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. The firm had revenue of $261.10 million for the quarter, compared to analyst estimates of $246.47 million. Crocs had a return on equity of 17.27% and a net margin of 3.08%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned ($0.03) earnings per share. On average, equities research analysts predict that Crocs, Inc. will post 0.43 earnings per share for the current year.

CROX has been the topic of several research analyst reports. BidaskClub upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, September 15th. Zacks Investment Research raised Crocs from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, October 9th. Piper Jaffray Companies set a $23.00 target price on Crocs and gave the stock a “buy” rating in a research report on Monday, October 22nd. Pivotal Research set a $25.00 target price on Crocs and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Finally, UBS Group raised Crocs to a “neutral” rating in a research report on Monday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.98.

Several institutional investors and hedge funds have recently modified their holdings of CROX. Hennessy Advisors Inc. increased its holdings in shares of Crocs by 480.9% during the third quarter. Hennessy Advisors Inc. now owns 1,608,500 shares of the textile maker’s stock valued at $34,245,000 after purchasing an additional 1,331,600 shares during the period. Vanguard Group Inc increased its holdings in shares of Crocs by 5.8% during the third quarter. Vanguard Group Inc now owns 9,024,188 shares of the textile maker’s stock valued at $192,125,000 after purchasing an additional 492,196 shares during the period. Vanguard Group Inc. increased its holdings in shares of Crocs by 5.8% during the third quarter. Vanguard Group Inc. now owns 9,024,188 shares of the textile maker’s stock valued at $192,125,000 after purchasing an additional 492,196 shares during the period. Millennium Management LLC increased its holdings in shares of Crocs by 87.7% during the second quarter. Millennium Management LLC now owns 1,033,773 shares of the textile maker’s stock valued at $18,205,000 after purchasing an additional 483,069 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Crocs by 100.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 752,902 shares of the textile maker’s stock valued at $14,643,000 after purchasing an additional 376,451 shares during the period. 99.09% of the stock is currently owned by institutional investors.

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Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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