A Director at Crocs is Exercising Options


Today it was reported that a Director at Crocs (CROX), Thomas Smach, exercised options to sell 10,000 CROX shares at $16.48 a share, for a total transaction value of $267.1K.

Following Thomas Smach’s last CROX Sell transaction on August 23, 2018, the stock climbed by 6.4%.

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Based on Crocs’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $261 million and quarterly net profit of $9.38 million. In comparison, last year the company earned revenue of $199 million and had a GAAP net loss of $24.36 million. CROX’s market cap is $1.83B and the company has a P/E ratio of 164.58. Currently, Crocs has an average volume of 104.2K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $32.50, reflecting a 20.9% upside.

The insider sentiment on Crocs has been positive according to 24 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.

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