Insider Buying: Crocs, Inc. (NASDAQ:CROX) CFO Purchases 1,000 Shares of Stock

Crocs, Inc. (NASDAQ:CROX) CFO Susan L. Healy acquired 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Crocs Price Performance

CROX opened at $97.78 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $127.81 and its 200 day moving average price is $136.69. Crocs, Inc. has a fifty-two week low of $85.71 and a fifty-two week high of $165.32. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 1.00 and a beta of 2.01.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $3.25 EPS. As a group, sell-side analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CROX. Monness Crespi & Hardt decreased their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Guggenheim lowered their target price on Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. KeyCorp cut their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CROX. Davis Investment Partners LLC raised its holdings in shares of Crocs by 0.8% during the third quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after buying an additional 77 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Crocs by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after acquiring an additional 85 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of Crocs by 8.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock worth $195,000 after purchasing an additional 100 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Crocs by 1.6% during the second quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock valued at $1,036,000 after purchasing an additional 111 shares during the period. Finally, Covestor Ltd raised its stake in shares of Crocs by 10.3% during the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock valued at $178,000 after purchasing an additional 114 shares in the last quarter. 93.44% of the stock is 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.