Crocs, Inc. (NASDAQ:CROX) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 585.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,349 shares of the textile maker’s stock after acquiring an additional 20,797 shares during the period. Meeder Asset Management Inc.’s holdings in Crocs were worth $3,526,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CROX. Pathstone Holdings LLC raised its holdings in Crocs by 24.2% during the third quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock worth $1,853,000 after purchasing an additional 2,491 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Crocs during the 3rd quarter worth $905,000. Natixis Advisors LLC boosted its position in shares of Crocs by 17.1% in the 3rd quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock worth $1,770,000 after buying an additional 1,783 shares in the last quarter. Empowered Funds LLC grew its stake in Crocs by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 54,343 shares of the textile maker’s stock valued at $7,869,000 after acquiring an additional 5,422 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in Crocs by 19.2% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 2,713 shares of the textile maker’s stock valued at $393,000 after acquiring an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

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

Crocs Stock Down 1.3 %

Shares of CROX opened at $96.51 on Tuesday. Crocs, Inc. has a fifty-two week low of $85.71 and a fifty-two week high of $165.32. The company’s fifty day moving average is $127.23 and its two-hundred day moving average is $136.57. The firm has a market cap of $5.62 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.99 and a beta of 2.01. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.25 earnings per share. Analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Monness Crespi & Hardt reduced their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. UBS Group reduced their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, KeyCorp dropped their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.14.

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.