Meeder Asset Management Inc. Sells 22,934 Shares of Crocs, Inc. (NASDAQ:CROX)

Meeder Asset Management Inc. lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 94.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,415 shares of the textile maker's stock after selling 22,934 shares during the quarter. Meeder Asset Management Inc.'s holdings in Crocs were worth $155,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after acquiring an additional 142 shares during the period. Allianz SE bought a new position in shares of Crocs in the fourth quarter worth $53,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crocs in the third quarter worth $73,000. Jones Financial Companies Lllp boosted its stake in Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after buying an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in Crocs during the fourth quarter worth about $96,000. Institutional investors own 93.44% of the company's stock.

Insider Activity at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

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Crocs Price Performance

NASDAQ CROX traded up $4.68 during trading on Friday, hitting $100.65. 4,695,361 shares of the stock traded hands, compared to its average volume of 1,418,952. The firm has a 50-day simple moving average of $102.96 and a 200-day simple moving average of $111.98. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $5.64 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.

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

Wall Street Analyst Weigh In

A number of research firms have commented on CROX. Barclays cut their price target on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Guggenheim lowered their price objective 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. Needham & Company LLC reissued a "buy" rating and issued a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. Robert W. Baird dropped their price objective on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, Loop Capital lifted their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $144.53.

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.