Crocs (NASDAQ:CROX) Stock: Insider Rupert George Campbell Sells 2,645 Shares

Crocs, Inc. (NASDAQ:CROX) EVP Rupert George Campbell sold 2,645 shares of the stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $150.87, for a total value of $399,051.15. Following the completion of the sale, the executive vice president directly owned 68,573 shares of the company’s stock, valued at approximately $10,345,608.51. The trade was a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Crocs Price Performance

Shares of CROX opened at $159.84 on Thursday. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $161.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.86. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.49. The business has a 50-day moving average of $122.32 and a 200-day moving average of $110.81.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, October 29th. The textile maker reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.38. Crocs had a return on equity of 49.35% and a net margin of 16.20%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm earned $2.92 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Crocs, Inc. will post 14.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CROX. UBS Group boosted their price target on shares of Crocs from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Needham & Company LLC increased their price objective on shares of Crocs from $150.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. The Goldman Sachs Group reissued a “sell” rating and set a $128.00 target price on shares of Crocs in a research note on Friday, October 30th. Piper Sandler restated an “overweight” rating on shares of Crocs in a report on Friday, October 30th. Finally, Seaport Research Partners upped their price target on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average target price of $158.30.

Key Headlines Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs earned Cradle to Cradle Certified Circularity Gold for its Classic Clog, recognizing its circular-design and recycled-material efforts. The certification could support brand positioning, though the near-term financial effect is unclear. Article: Crocs Classic Clog earns Circularity Gold certification
• Positive Sentiment: Analyst estimates have improved: a report put the consensus price target at $163.49, up 16.56%. Crocs also recently beat third-quarter EPS and revenue expectations, with sales up 4.7% year over year—fundamentals that have helped bolster sentiment. Article: Crocs consensus price target increased Article: Crocs Q3 analysis
• Positive Sentiment: Zacks recently described CROX as a strong-momentum stock and highlighted its Strong Buy ranking, adding to favorable market sentiment. Article: Crocs as a strong momentum stock
• Negative Sentiment: Director Douglas Treff sold 14,802 shares, reducing his direct stake by 17.04%. This adds to recent sales by director Ronald Frasch (15,000 shares) and EVP Rupert George Campbell (2,645 shares). Insider sales can weigh on sentiment, though they do not necessarily indicate a change in business outlook. SEC filing: Douglas Treff sale SEC filing: Ronald Frasch sale SEC filing: Rupert George Campbell sale

Institutional Investors Weigh In On Crocs

Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in shares of Crocs in the 3rd quarter valued at about $28,000. Versant Capital Management Inc increased its position in Crocs by 95.9% in the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock valued at $34,000 after buying an additional 142 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Crocs during the 2nd quarter worth approximately $42,000. Heritage Family Offices LLP acquired a new position in Crocs during the 3rd quarter worth approximately $45,000. Finally, Allworth Financial LP acquired a new position in Crocs during the 2nd quarter worth approximately $53,000. 93.44% of the stock is currently owned by institutional investors.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.