Andrew Rees Sells 32,688 Shares of Crocs (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Crocs Trading Up 5.9%

CROX stock traded up $7.12 during mid-day trading on Tuesday, reaching $127.77. 1,808,158 shares of the stock traded hands, compared to its average volume of 1,282,611. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. Crocs, Inc. has a one year low of $73.21 and a one year high of $129.45. The stock has a market capitalization of $6.35 billion, a PE ratio of -92.59, a PEG ratio of 1.23 and a beta of 1.57. The business has a 50-day moving average price of $102.88 and a two-hundred day moving average price of $92.16.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same quarter in the previous year, the business posted $3.00 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Equities research analysts expect that Crocs, Inc. will post 13.67 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after acquiring an additional 1,012,943 shares in the last quarter. Norges Bank bought a new position in Crocs during the 4th quarter worth about $67,545,000. Smead Capital Management Inc. bought a new position in Crocs during the 3rd quarter worth about $52,978,000. Himalaya Capital Management LLC bought a new position in Crocs during the 4th quarter worth about $53,720,000. Finally, American Century Companies Inc. grew its holdings in Crocs by 144.4% during the 3rd quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock worth $59,939,000 after acquiring an additional 423,817 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Wells Fargo & Company assumed coverage on shares of Crocs in a report on Monday. They issued a “buy” rating on the stock. Stifel Nicolaus upped their price target on shares of Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Royal Bank Of Canada assumed coverage on shares of Crocs in a report on Monday. They issued an “overweight” rating on the stock. Finally, Seaport Research Partners upgraded shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Crocs has an average rating of “Moderate Buy” and an average target price of $117.64.

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.