Crocs (NASDAQ:CROX) CEO Andrew Rees Sells 10,928 Shares of Stock
by Jessica Moore · The Cerbat GemCrocs, Inc. (NASDAQ:CROX – Get Free Report) CEO Andrew Rees sold 10,928 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $137.76, for a total value of $1,505,441.28. Following the transaction, the chief executive officer owned 732,365 shares of the company’s stock, valued at $100,890,602.40. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Andrew Rees also recently made the following trade(s):
- On Monday, August 10th, Andrew Rees sold 19,072 shares of Crocs stock. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52.
- On Friday, June 5th, Andrew Rees sold 32,688 shares of Crocs stock. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92.
Crocs Stock Down 4.7%
CROX opened at $131.71 on Wednesday. The firm’s 50-day simple moving average is $128.57 and its 200-day simple moving average is $106.07. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $141.28. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.14 and a beta of 1.53.
Crocs (NASDAQ:CROX – Get Free Report) last announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted ($8.82) EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Equities research analysts anticipate that Crocs, Inc. will post 13.97 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on CROX shares. Bank of America raised their target price on Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Monness Crespi & Hardt upped their price target on shares of Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Royal Bank Of Canada began coverage on shares of Crocs in a report on Monday, June 8th. They set an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Crocs in a research report on Monday, June 8th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $95.00 target price on shares of Crocs in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.10.
Read Our Latest Report on Crocs
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC boosted its stake in shares of Crocs by 96.3% in the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Torren Management LLC acquired a new position in Crocs in the fourth quarter valued at approximately $39,000. Parallel Advisors LLC boosted its stake in Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Crocs during the 2nd quarter worth $42,000. Finally, Allworth Financial LP bought a new stake in shares of Crocs during the 2nd quarter valued at $53,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.
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.