Meeder Asset Management Inc. Raises Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Meeder Asset Management Inc. increased its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 585.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,349 shares of the textile maker's stock after buying an additional 20,797 shares during the quarter. Meeder Asset Management Inc.'s holdings in Crocs were worth $3,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CROX. GHP Investment Advisors Inc. boosted its stake in shares of Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock worth $33,000 after buying an additional 180 shares during the last quarter. Financial Management Professionals Inc. boosted its position in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock worth $33,000 after purchasing an additional 224 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock valued at $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC increased its position in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock valued at $45,000 after purchasing an additional 142 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Crocs by 178.5% in the 3rd quarter. Huntington National Bank now owns 738 shares of the textile maker's stock worth $107,000 after purchasing an additional 473 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity at Crocs

In related news, CFO Susan L. Healy acquired 1,000 shares of Crocs stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares of the company's stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John B. Replogle acquired 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Guggenheim reduced their target price on shares of Crocs from $182.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Loop Capital cut Crocs from a "buy" rating to a "hold" rating and decreased their target price for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. UBS Group lowered their target price on Crocs from $146.00 to $122.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Wedbush restated an "outperform" rating and issued a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. Finally, Barclays decreased their price objective on Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.14.

Crocs Price Performance

CROX traded up $1.47 during trading on Tuesday, hitting $97.98. 1,487,147 shares of the company traded hands, compared to its average volume of 1,347,985. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The company has a market cap of $5.71 billion, a PE ratio of 7.11, a P/E/G ratio of 0.99 and a beta of 2.01. The stock's 50-day simple moving average is $126.68 and its two-hundred day simple moving average is $136.39. Crocs, Inc. has a 1 year low of $85.71 and a 1 year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.50. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.25 earnings per share. As a group, sell-side analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Crocs Company 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.