Crocs, Inc. (NASDAQ:CROX) Director Buys $339,450.00 in Stock

Crocs, Inc. (NASDAQ:CROX – Get Rating) Director Thomas J. Smach purchased 3,000 shares of the business’s stock in a transaction on Monday, March 13th. The stock was bought at an average cost of $113.15 per share, with a total value of $339,450.00. Following the purchase, the director now owns 3,000 shares in the company, valued at $339,450. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Crocs Price Performance

Shares of Crocs stock opened at $119.92 on Friday. Crocs, Inc. has a 52-week low of $46.08 and a 52-week high of $143.50. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. The company has a fifty day moving average of $122.02 and a 200-day moving average of $98.29. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.86 and a current ratio of 1.60.

Crocs (NASDAQ:CROX – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The textile maker reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.47. Crocs had a net margin of 15.19% and a return on equity of 118.32%. The company had revenue of $945.16 million during the quarter, compared to analysts’ expectations of $939.16 million. During the same quarter in the prior year, the company earned $2.15 EPS. The firm’s revenue was up 61.1% on a year-over-year basis. Equities research analysts expect that Crocs, Inc. will post 11.19 EPS for the current year.

Institutional Investors Weigh In On Crocs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CROX. Lindbrook Capital LLC raised its holdings in Crocs by 246.4% during the 4th quarter. Lindbrook Capital LLC now owns 239 shares of the textile maker’s stock valued at $26,000 after buying an additional 170 shares during the last quarter. Ellevest Inc. raised its holdings in Crocs by 6,750.0% during the 3rd quarter. Ellevest Inc. now owns 411 shares of the textile maker’s stock valued at $28,000 after buying an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in Crocs during the 4th quarter valued at $28,000. Quent Capital LLC bought a new stake in Crocs during the 4th quarter valued at $54,000. Finally, Wipfli Financial Advisors LLC bought a new stake in Crocs during the 3rd quarter valued at $56,000. 84.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Crocs from $107.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, January 12th. Piper Sandler boosted their price target on shares of Crocs from $118.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, January 12th. Stifel Nicolaus boosted their price target on shares of Crocs from $107.00 to $133.00 and gave the stock a “hold” rating in a research note on Friday, February 17th. Loop Capital boosted their price target on shares of Crocs from $165.00 to $185.00 in a research note on Friday, February 17th. Finally, StockNews.com assumed coverage on shares of Crocs in a research note on Thursday. They issued a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $138.29.

Crocs Company Profile

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Crocs, Inc engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand.