Crocs, Inc. (NASDAQ:CROX) Director John B. Replogle Acquires 2,240 Shares

Crocs, Inc. (NASDAQ:CROX) Director John B. Replogle purchased 2,240 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Crocs Stock Down 2.3 %

CROX opened at $109.00 on Thursday. The stock’s fifty day simple moving average is $137.05 and its 200 day simple moving average is $138.45. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32. The stock has a market cap of $6.47 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.47. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.25 earnings per share. As a group, research analysts expect that Crocs, Inc. will post 12.88 earnings per share for the current year.

Wall Street Analyst Weigh In

CROX has been the topic of several research reports. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday. KeyCorp decreased their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group cut their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Monness Crespi & Hardt reduced their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Institutional Investors Weigh In On Crocs

Several hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC grew its position in shares of Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 7,633 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Crocs by 15.9% in the 3rd quarter. QRG Capital Management Inc. now owns 2,213 shares of the textile maker’s stock valued at $320,000 after purchasing an additional 303 shares during the period. IAG Wealth Partners LLC acquired a new position in Crocs in the 3rd quarter valued at $796,000. Van ECK Associates Corp increased its position in Crocs by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 36,618 shares of the textile maker’s stock worth $5,303,000 after buying an additional 10,463 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Crocs by 23.6% during the third quarter. Janney Montgomery Scott LLC now owns 21,189 shares of the textile maker’s stock worth $3,068,000 after buying an additional 4,051 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

About Crocs

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.