Andrew Rees Sells 32,688 Shares of Crocs (NASDAQ:CROX) Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Crocs Trading Down 4.6%

NASDAQ:CROX opened at $121.94 on Thursday. Crocs, Inc. has a one year low of $73.21 and a one year high of $129.45. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. The firm has a market cap of $6.06 billion, a P/E ratio of -88.36, a P/E/G ratio of 1.32 and a beta of 1.57. The firm has a 50-day simple moving average of $104.68 and a 200-day simple moving average of $92.81.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The firm had revenue of $921.46 million for the quarter, compared to the consensus estimate of $900.57 million. During the same quarter in the previous year, the firm earned $3.00 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Equities analysts anticipate that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Institutional Trading of Crocs

Several large investors have recently made changes to their positions in CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Crocs by 159.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock valued at $79,000 after acquiring an additional 459 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Crocs by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock valued at $22,441,000 after buying an additional 8,331 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Crocs by 278.1% in the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock valued at $87,000 after buying an additional 634 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Crocs by 14.3% in the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock valued at $11,365,000 after purchasing an additional 14,067 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Crocs in the second quarter valued at about $6,290,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CROX. Wedbush began coverage on shares of Crocs in a research report on Monday. They issued an “outperform” rating on the stock. Barclays lifted their price objective on shares of Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Wall Street Zen raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Seaport Research Partners raised shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and an average price target of $117.64.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.