Crocs (NASDAQ:CROX) CEO Andrew Rees Sells 19,072 Shares

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 19,072 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52. Following the sale, the chief executive officer owned 713,293 shares in the company, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 7th, Andrew Rees sold 10,928 shares of Crocs stock. The stock was sold at an average price of $137.76, for a total value of $1,505,441.28.
• On Friday, June 5th, Andrew Rees sold 32,688 shares of Crocs stock. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92.

Crocs Stock Performance

NASDAQ:CROX opened at $131.71 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.14 and a beta of 1.53. The business’s fifty day moving average is $128.57 and its 200 day moving average is $106.07.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Research analysts predict that Crocs, Inc. will post 13.97 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CROX shares. Wedbush assumed coverage on shares of Crocs in a research report on Monday, June 8th. They issued an “outperform” rating for the company. Barclays increased their target price on shares of Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Needham & Company LLC raised their price target on shares of Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of Crocs from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $95.00 price target on shares of Crocs in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $139.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Crocs in the second quarter valued at approximately $561,223,000. LSV Asset Management grew its stake in Crocs by 33.1% in the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock worth $126,060,000 after buying an additional 366,537 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Crocs by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock worth $123,760,000 after buying an additional 11,630 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Crocs by 399.0% in the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after buying an additional 1,012,943 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Crocs by 5.8% in the 2nd quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock worth $119,551,000 after buying an additional 64,672 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

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.