Insider Buying: Crocs, Inc. (NASDAQ:CROX) Director Acquires 1,996 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) Director John B. Replogle purchased 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Crocs Trading Down 1.8 %

Crocs stock traded down $2.26 during mid-day trading on Monday, hitting $121.05. The company’s stock had a trading volume of 1,820,408 shares, compared to its average volume of 1,388,328. Crocs, Inc. has a one year low of $74.00 and a one year high of $165.32. The stock has a market cap of $7.35 billion, a PE ratio of 9.37, a P/E/G ratio of 1.45 and a beta of 2.00. The company has a 50 day moving average of $145.01 and a 200-day moving average of $131.68. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.14 and a current ratio of 1.50.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.59 EPS. On average, research analysts anticipate that Crocs, Inc. will post 12.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CROX shares. B. Riley boosted their price target on Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Barclays reduced their price objective on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday. Monness Crespi & Hardt lifted their price objective on Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Finally, Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.09.

Institutional Investors Weigh In On Crocs

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Crocs by 1.4% in the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock valued at $801,346,000 after purchasing an additional 76,460 shares during the period. WIT Partners Advisory Pte. Ltd. purchased a new position in shares of Crocs in the fourth quarter valued at approximately $266,431,000. Coatue Management LLC lifted its position in Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after buying an additional 919,835 shares in the last quarter. Norges Bank purchased a new position in Crocs during the fourth quarter worth approximately $72,211,000. Finally, Goldman Sachs Group Inc. increased its stake in Crocs by 46.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock worth $71,952,000 after acquiring an additional 245,240 shares during 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.