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

Meeder Asset Management Inc. increased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 585.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,349 shares of the textile maker’s stock after buying an additional 20,797 shares during the period. Meeder Asset Management Inc.’s holdings in Crocs were worth $3,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CROX. Financial Management Professionals Inc. boosted its holdings in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Crocs by 375.0% in the second 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. UMB Bank n.a. boosted its stake in 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 acquiring an additional 120 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Crocs by 83.0% in 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 in the last quarter. Finally, Huntington National Bank increased its holdings in Crocs by 178.5% in the third quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock valued at $107,000 after buying an additional 473 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In other news, Director John B. Replogle bought 2,240 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were purchased 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 owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Crocs Stock Down 1.3 %

Shares of Crocs stock opened at $96.51 on Tuesday. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32. The company has a market capitalization of $5.62 billion, a P/E ratio of 7.00, a PEG ratio of 0.99 and a beta of 2.01. The business’s fifty day moving average price is $127.23 and its two-hundred day moving average price is $136.57. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.25 earnings per share. As a group, research analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on CROX shares. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. Robert W. Baird decreased their price objective on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, UBS Group lowered their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average price target of $151.14.

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.