Meritage Portfolio Management Sells 2,952 Shares of Crocs, Inc. (NASDAQ:CROX)

Meritage Portfolio Management trimmed its position in Crocs, Inc. (NASDAQ:CROX) by 34.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,716 shares of the textile maker’s stock after selling 2,952 shares during the quarter. Meritage Portfolio Management’s holdings in Crocs were worth $626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Crocs by 55.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after purchasing an additional 14,387 shares during the last quarter. Meeder Asset Management Inc. increased its position in Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after buying an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 7,633 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Crocs in the third quarter worth about $2,024,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Crocs during the third quarter worth about $2,076,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Trading Down 0.3 %

Shares of NASDAQ:CROX opened at $97.00 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 12-month low of $94.50 and a 12-month high of $165.32. The business has a 50 day moving average of $107.51 and a two-hundred day moving average of $121.02. The company has a market capitalization of $5.65 billion, a PE ratio of 7.03, a PEG ratio of 1.78 and a beta of 1.93.

Insider Activity

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. KeyCorp lowered their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Robert W. Baird cut their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and lowered their price target for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Finally, Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.47.

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.