Crocs President Andrew Rees Acquires 5,000 Shares (CROX)
Crocs (NASDAQ:CROX) President Andrew Rees acquired 5,000 shares of Crocs stock on the open market in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average cost of $16.42 per share, with a total value of $82,100.00. Following the completion of the purchase, the president now directly owns 250,894 shares in the company, valued at approximately $4,119,679. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Crocs (NASDAQ:CROX) traded down 2.40% on Thursday, hitting $15.87. 738,388 shares of the company’s stock traded hands. Crocs has a 52 week low of $11.96 and a 52 week high of $16.88. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $15.10. The company’s market cap is $1.362 billion.
Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.05. On average, analysts predict that Crocs will post $0.53 earnings per share for the current fiscal year.
A number of research firms have recently commented on CROX. Analysts at Wedbush raised their price target on shares of Crocs from $15.00 to $16.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Separately, analysts at CL King upgraded shares of Crocs from a “neutral” rating to a “strong-buy” rating in a research note on Thursday, May 15th. Finally, analysts at Zacks upgraded shares of Crocs from an “underperform” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $15.50 price target on the stock. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.56.
Crocs, Inc is a designer, manufacturer and distributor of footwear and accessories for men, women and children.
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