Crocs (NASDAQ:CROX – Get Free Report) released its earnings results on Thursday. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42, Briefing.com reports. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $3.59 EPS. The company’s revenue was up 3.6% on a year-over-year basis.
Crocs Trading Down 5.7 %
CROX stock traded down $7.50 during trading on Friday, reaching $123.31. The company had a trading volume of 2,195,155 shares, compared to its average volume of 1,385,399. Crocs has a 52 week low of $74.00 and a 52 week high of $165.32. The company has a market cap of $7.48 billion, a P/E ratio of 9.42, a PEG ratio of 1.49 and a beta of 2.00. The business has a 50 day moving average of $145.52 and a 200 day moving average of $131.10. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14.
Insider Buying and Selling
In other Crocs news, EVP Anne Mehlman sold 7,150 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $159.01, for a total transaction of $1,136,921.50. Following the completion of the transaction, the executive vice president now owns 143,075 shares of the company’s stock, valued at $22,750,355.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Anne Mehlman sold 7,150 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $159.01, for a total value of $1,136,921.50. Following the sale, the executive vice president now owns 143,075 shares in the company, valued at $22,750,355.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares in the company, valued at $12,771,642.20. The disclosure for this sale can be found here. Insiders sold a total of 30,178 shares of company stock valued at $4,597,445 over the last three months. Corporate insiders own 2.72% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Crocs
About Crocs
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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