Insider Selling: Crocs (NASDAQ:CROX) CEO Sells $2,649,291.52 in Stock

Key Points

• Crocs CEO Andrew Rees sold 19,072 shares at an average price of $138.91, generating approximately $2.65 million. The sale reduced his direct ownership by 2.6% to 713,293 shares.
• Crocs shares traded at $133.01 after falling $5.17, while the stock remained near its 52-week high of $141.28. The company has a $6.38 billion market capitalization, and institutional investors own 93.44% of its shares.
• Crocs exceeded quarterly expectations with adjusted earnings of $4.55 per share and revenue of $1.18 billion, up 2.6% year over year. Analysts maintain a “Moderate Buy” consensus, with an average price target of $139.10.

Crocs, Inc. (NASDAQ:CROX - Get Free Report) CEO Andrew Rees sold 19,072 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer directly owned 713,293 shares in the company, valued at $99,083,530.63. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrew Rees also recently made the following trade(s):

• On Friday, August 7th, Andrew Rees sold 10,928 shares of Crocs stock. The shares were sold at an average price of $137.76, for a total value of $1,505,441.28.
• 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 value of $3,860,125.92.

Crocs Price Performance

NASDAQ CROX traded down $5.17 during trading hours on Tuesday, reaching $133.01. The company's stock had a trading volume of 366,524 shares, compared to its average volume of 1,225,781. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.13 and a beta of 1.53. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The company's 50-day moving average is $128.27 and its two-hundred day moving average is $105.75.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.Crocs's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, equities analysts predict that Crocs, Inc. will post 13.97 EPS for the current year.

Hedge Funds Weigh In On Crocs

A number of institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC increased its holdings in shares of Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker's stock worth $27,000 after buying an additional 157 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Crocs in the second quarter worth approximately $42,000. Persistent Asset Partners Ltd acquired a new stake in Crocs during the second quarter worth $55,000. Torren Management LLC acquired a new stake in Crocs during the fourth quarter worth $39,000. Finally, Parallel Advisors LLC raised its position 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 purchasing an additional 186 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of Crocs from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Monness Crespi & Hardt raised their price objective on Crocs from $130.00 to $160.00 and gave the company a "buy" rating in a report on Friday, July 31st. Wells Fargo & Company initiated coverage on shares of Crocs in a research report on Monday, June 8th. They issued a "buy" rating for the company. Barclays raised their price target on shares of Crocs from $110.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $163.00 price target on shares of Crocs in a research report on Friday, July 31st. One research 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $139.10.

About Crocs

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.

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