Securian Asset Management Inc. Sells 212 Shares of Crocs, Inc. (NASDAQ:CROX)

Securian Asset Management Inc. cut its position in Crocs, Inc. (NASDAQ:CROX) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,406 shares of the textile maker’s stock after selling 212 shares during the period. Securian Asset Management Inc.’s holdings in Crocs were worth $483,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CROX. Clear Harbor Asset Management LLC grew its position in shares of Crocs by 3.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after buying an additional 100 shares during the last quarter. Valmark Advisers Inc. boosted its stake in Crocs by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock valued at $726,000 after acquiring an additional 117 shares in the last quarter. Manchester Capital Management LLC grew its holdings in Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after purchasing an additional 129 shares during the last quarter. UMB Bank n.a. increased its position in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Crocs by 11.9% during the 3rd quarter. KBC Group NV now owns 1,659 shares of the textile maker’s stock valued at $240,000 after purchasing an additional 177 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Price Performance

Shares of CROX opened at $103.87 on Tuesday. The business’s 50-day moving average is $102.53 and its two-hundred day moving average is $114.54. The company has a market capitalization of $5.82 billion, a P/E ratio of 6.50, a P/E/G ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Research analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CROX shares. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. KeyCorp dropped their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Robert W. Baird decreased their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $129.00 target price on shares of Crocs in a research report on Thursday, February 13th. Finally, Guggenheim decreased their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Insider Activity at Crocs

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

Crocs Profile

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.