Meeder Asset Management Inc. Cuts Position in Crocs, Inc. (NASDAQ:CROX)

Meeder Asset Management Inc. trimmed its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 94.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,415 shares of the textile maker’s stock after selling 22,934 shares during the period. Meeder Asset Management Inc.’s holdings in Crocs were worth $155,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC raised its stake in Crocs by 42.0% during the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock valued at $8,450,000 after buying an additional 22,809 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Crocs by 129.8% in the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock worth $2,373,000 after purchasing an additional 12,245 shares during the last quarter. Motley Fool Wealth Management LLC bought a new position in Crocs in the 3rd quarter worth about $9,097,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Crocs during the 3rd quarter valued at about $17,122,000. Finally, Cinctive Capital Management LP bought a new stake in Crocs during the 3rd quarter valued at about $4,123,000. 93.44% of the stock is owned by institutional investors.

Crocs Stock Performance

Shares of NASDAQ CROX opened at $106.20 on Tuesday. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $102.90 and a 200 day moving average of $112.66.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CROX shares. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Guggenheim cut their target price on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. KeyCorp decreased their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Wednesday, March 12th. Finally, Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

Insider Transactions at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

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.