Insider Selling: Crocs (NASDAQ:CROX) CEO Sells $3,860,125.92 in Stock

Crocs, Inc. (NASDAQ:CROX) CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Crocs Trading Up 3.2%

Shares of Crocs stock opened at $125.87 on Friday. The company’s fifty day simple moving average is $105.54 and its 200-day simple moving average is $93.12. The stock has a market capitalization of $6.25 billion, a PE ratio of -91.21, a P/E/G ratio of 1.26 and a beta of 1.57. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $129.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.21. The business had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.00 EPS. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, equities analysts anticipate that Crocs, Inc. will post 13.67 earnings per share for the current year.

Wall Street Analyst Weigh In

CROX has been the topic of several analyst reports. Weiss Ratings cut shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Wedbush initiated coverage on shares of Crocs in a research note on Monday. They set an “outperform” rating on the stock. The Goldman Sachs Group cut shares of Crocs from a “sell” rating to a “neutral” rating in a research note on Monday. Robert W. Baird upgraded shares of Crocs from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $115.00 to $150.00 in a research note on Monday. Finally, Stifel Nicolaus raised their price objective on shares of Crocs from $90.00 to $99.00 and gave the company a “hold” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.64.

Institutional Trading of Crocs

Institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC raised its position 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 valued at $27,000 after purchasing an additional 157 shares during the period. Torren Management LLC bought a new stake in shares of Crocs during the 4th quarter valued at $39,000. Parallel Advisors LLC increased its holdings in Crocs by 60.2% in the 3rd 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. FNY Investment Advisers LLC bought a new stake in Crocs in the 3rd quarter valued at $48,000. Finally, IMA Advisory Services Inc. increased its holdings in Crocs by 72.7% in the 3rd quarter. IMA Advisory Services Inc. now owns 646 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 272 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

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.