John B. Replogle Acquires 3,261 Shares of Crocs, Inc. (NASDAQ:CROX) Stock

Key Points

• John B. Replogle, a director at Crocs, Inc., acquired 3,261 shares of the company's stock for around $250,086, increasing his ownership by 26.83% to a total of 15,417 shares.
• Crocs reported $4.23 EPS for the latest quarter, exceeding expectations and showing a 3.4% revenue growth compared to the same period last year.
• Several analysts have revised their price targets for Crocs, with estimates ranging from $85 to $95, reflecting mixed sentiment toward the stock's potential.

Crocs, Inc. (NASDAQ:CROX - Get Free Report) Director John B. Replogle acquired 3,261 shares of the business's stock in a transaction dated Friday, August 8th. The stock was purchased at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the acquisition, the director owned 15,417 shares in the company, valued at approximately $1,182,329.73. This trade represents a 26.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Crocs Stock Up 4.0%

CROX stock traded up $3.13 during midday trading on Wednesday, hitting $81.03. 1,353,057 shares of the company's stock were exchanged, compared to its average volume of 1,770,006. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13. The firm has a 50 day moving average price of $100.83 and a 200-day moving average price of $101.84. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.22. Crocs had a return on equity of 44.15% and a net margin of 5.72%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $4.01 EPS. Crocs's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Institutional Investors Weigh In On Crocs

A number of institutional investors have recently made changes to their positions in the company. Boston Partners increased its holdings in shares of Crocs by 2,659.1% in the 2nd quarter. Boston Partners now owns 1,688,383 shares of the textile maker's stock valued at $171,003,000 after acquiring an additional 1,627,190 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Crocs by 4.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,362,318 shares of the textile maker's stock valued at $144,678,000 after acquiring an additional 53,916 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Crocs by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,154,676 shares of the textile maker's stock valued at $122,608,000 after acquiring an additional 108,076 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Crocs by 15.4% in the 1st quarter. Alliancebernstein L.P. now owns 1,115,733 shares of the textile maker's stock valued at $118,491,000 after acquiring an additional 148,964 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Crocs by 21.9% in the 2nd quarter. LSV Asset Management now owns 1,073,120 shares of the textile maker's stock valued at $108,686,000 after acquiring an additional 192,860 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CROX has been the topic of a number of research reports. KeyCorp cut their price objective on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Stifel Nicolaus restated a "hold" rating and issued a $85.00 price objective (down from $127.00) on shares of Crocs in a report on Friday, August 8th. UBS Group cut their price objective on Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday. Bank of America dropped their target price on Crocs from $135.00 to $99.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, The Goldman Sachs Group dropped their target price on Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $108.92.

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.

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