Crocs (NASDAQ:CROX) EVP Purchases $153,120.00 in Stock

Key Points

• Susan L. Healy, EVP of Crocs, purchased 2,000 shares of the company at $76.56 each, totaling $153,120, increasing her ownership by 4.16%.
• Crocs reported a Q2 EPS of $4.23, exceeding estimates, along with revenues of $1.15 billion, marking a 3.4% increase year-over-year.
• Recent analyst opinions show a mixed sentiment, with price targets revised downwards and a consensus rating of "Moderate Buy" with an average price target of $108.92.

Crocs, Inc. (NASDAQ:CROX - Get Free Report) EVP Susan L. Healy bought 2,000 shares of Crocs stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average price of $76.56 per share, with a total value of $153,120.00. Following the acquisition, the executive vice president directly owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This represents a 4.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Crocs Stock Up 1.0%

Shares of CROX traded up $0.8230 during mid-day trading on Tuesday, reaching $83.7030. The company's stock had a trading volume of 579,948 shares, compared to its average volume of 1,795,661. The business has a fifty day moving average of $99.48 and a 200 day moving average of $101.26. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.41. Crocs, Inc. has a 1 year low of $73.76 and a 1 year high of $151.13. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.01 by $0.22. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.01 earnings per share. Crocs has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Monness Crespi & Hardt cut their price objective on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a report on Friday, August 8th. Barclays reiterated an "equal weight" rating and set a $81.00 price objective (down from $119.00) on shares of Crocs in a report on Friday, August 8th. KeyCorp cut their price objective on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Needham & Company LLC cut their price objective on Crocs from $129.00 to $89.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Finally, The Goldman Sachs Group cut their price objective on Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a report on Tuesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.92.

Hedge Funds Weigh In On Crocs

A number of institutional investors have recently made changes to their positions in CROX. Costello Asset Management INC acquired a new stake in Crocs during the first quarter worth about $32,000. Larson Financial Group LLC grew its position in Crocs by 541.8% during the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after buying an additional 298 shares in the last quarter. IMA Advisory Services Inc. acquired a new stake in Crocs during the first quarter worth about $40,000. Brooklyn Investment Group acquired a new stake in Crocs during the first quarter worth about $40,000. Finally, Allworth Financial LP grew its position in Crocs by 120.7% during the second quarter. Allworth Financial LP now owns 448 shares of the textile maker's stock worth $45,000 after buying an additional 245 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Crocs Company Profile

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.