Andrew Rees Sells 10,000 Shares of Crocs, Inc. (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROXGet Rating) CEO Andrew Rees sold 10,000 shares of the business’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $100.55, for a total value of $1,005,500.00. Following the transaction, the chief executive officer now owns 149,748 shares of the company’s stock, valued at approximately $15,057,161.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Crocs Stock Up 3.2 %

Shares of Crocs stock opened at $101.42 on Friday. The stock’s fifty day moving average is $78.36 and its 200-day moving average is $67.61. The firm has a market capitalization of $6.26 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.87. The company has a quick ratio of 1.07, a current ratio of 1.97 and a debt-to-equity ratio of 4.12. Crocs, Inc. has a 12-month low of $46.08 and a 12-month high of $180.88.

Analyst Ratings Changes

CROX has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Crocs from $100.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, November 14th. StockNews.com lowered Crocs from a “hold” rating to a “sell” rating in a research report on Friday, November 4th. Piper Sandler reduced their price target on Crocs from $120.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, July 26th. BNP Paribas started coverage on Crocs in a report on Wednesday, September 21st. They issued a “neutral” rating for the company. Finally, B. Riley cut their price objective on Crocs from $120.00 to $116.00 in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Crocs presently has a consensus rating of “Hold” and a consensus price target of $90.57.

Institutional Investors Weigh In On Crocs

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV raised its position in shares of Crocs by 1.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 6,757 shares of the textile maker’s stock worth $464,000 after purchasing an additional 114 shares during the period. IFP Advisors Inc raised its position in Crocs by 0.9% during the third quarter. IFP Advisors Inc now owns 16,592 shares of the textile maker’s stock valued at $314,000 after buying an additional 143 shares during the period. Arizona State Retirement System raised its position in Crocs by 0.9% during the third quarter. Arizona State Retirement System now owns 16,733 shares of the textile maker’s stock valued at $1,149,000 after buying an additional 146 shares during the period. Thrivent Financial for Lutherans raised its position in Crocs by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 16,317 shares of the textile maker’s stock valued at $1,120,000 after buying an additional 163 shares during the period. Finally, Great Valley Advisor Group Inc. raised its position in Crocs by 0.7% during the third quarter. Great Valley Advisor Group Inc. now owns 26,246 shares of the textile maker’s stock valued at $1,802,000 after buying an additional 175 shares during the period. 79.96% of the stock is owned by institutional investors and hedge funds.

About Crocs

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Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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