Crocs (NASDAQ:CROX) CEO Sells $1,505,441.28 in Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 10,928 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.76, for a total transaction of $1,505,441.28. Following the sale, the chief executive officer owned 732,365 shares of the company’s stock, valued at $100,890,602.40. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Andrew Rees also recently made the following trade(s):

• On Monday, August 10th, Andrew Rees sold 19,072 shares of Crocs stock. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52.
• On Friday, June 5th, Andrew Rees sold 32,688 shares of Crocs stock. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92.

Crocs Stock Performance

Shares of NASDAQ CROX traded down $5.17 during trading hours on Tuesday, hitting $133.01. 366,524 shares of the company’s stock were exchanged, compared to its average volume of 1,225,781. The company’s 50-day moving average price is $128.27 and its 200-day moving average price is $105.75. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.13 and a beta of 1.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted ($8.82) EPS. The company’s revenue was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, sell-side analysts expect that Crocs, Inc. will post 13.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CROX shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crocs in a research note on Monday, June 8th. They set a “buy” rating for the company. Royal Bank Of Canada initiated coverage on shares of Crocs in a report on Monday, June 8th. They set an “overweight” rating on the stock. Monness Crespi & Hardt upped their price objective on shares of Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Stifel Nicolaus increased their target price on shares of Crocs from $105.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, June 15th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $95.00 target price on shares of Crocs in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.10.

Institutional Trading of Crocs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CROX. Root Financial Partners LLC lifted its stake in Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 157 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Crocs in the 2nd quarter valued at approximately $42,000. Persistent Asset Partners Ltd bought a new stake in shares of Crocs in the 2nd quarter valued at approximately $55,000. Torren Management LLC acquired a new position in shares of Crocs in the 4th quarter worth approximately $39,000. Finally, Parallel Advisors LLC raised its holdings in shares of Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after buying an additional 186 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

About Crocs

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.