Today, a Director at Crocs (NASDAQ: CROX), Thomas Smach, sold shares of CROX for $498.7K.
Following Thomas Smach’s last CROX Sell transaction on November 12, 2015, the stock climbed by 11.1%. This is Smach’s first Sell trade following 3 Buy transactions.
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Based on Crocs’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $328 million and quarterly net profit of $29.26 million. In comparison, last year the company earned revenue of $313 million and had a net profit of $19.12 million. CROX’s market cap is $1.39B and the company has a P/E ratio of 341.17. Currently, Crocs has an average volume of 636.5K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.75, reflecting a -14.2% downside.
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Crocs, Inc. engages in the design, development, manufacturing, worldwide marketing, and distribution of casual footwear, apparel, and accessories for men, women, and children. The company was founded by Scott Seamans, George B. Boedecker, Jr. and Lyndon V. Hanson III in 2002 and is headquartered in Niwot, CO.
