Securian Asset Management Inc. Sells 212 Shares of Crocs, Inc. (NASDAQ:CROX)

Securian Asset Management Inc. lessened its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,406 shares of the textile maker’s stock after selling 212 shares during the period. Securian Asset Management Inc.’s holdings in Crocs were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its position 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 buying an additional 142 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after acquiring an additional 208 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Crocs during the 3rd quarter valued at approximately $73,000. Jones Financial Companies Lllp grew its holdings in shares of Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Crocs in the fourth quarter worth $96,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Trading Up 5.3 %

CROX stock opened at $103.87 on Tuesday. The company has a market capitalization of $5.82 billion, a PE ratio of 6.50, a P/E/G ratio of 1.80 and a beta of 1.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The firm’s 50-day moving average is $102.53 and its 200 day moving average is $114.54.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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%. On average, research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CROX shares. Robert W. Baird dropped their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. UBS Group boosted their price objective on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Wednesday, March 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 89,323 shares in the company, 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 corporate insiders.

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.