Hillsdale Investment Management Inc. Has $812,000 Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Hillsdale Investment Management Inc. increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 42.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,410 shares of the textile maker’s stock after acquiring an additional 2,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in Crocs were worth $812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CROX. FMR LLC boosted its holdings in Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after buying an additional 577,467 shares during the period. State Street Corp boosted its stake in Crocs by 0.7% in the 3rd quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after buying an additional 13,467 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Crocs by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker’s stock valued at $78,360,000 after acquiring an additional 8,014 shares during the period. Finally, Rheos Capital Works Inc. raised its stake in Crocs by 30.6% during the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after acquiring an additional 45,000 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

CROX has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Barclays decreased their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Bank of America lifted their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Robert W. Baird decreased their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Crocs has an average rating of “Moderate Buy” and an average price target of $143.53.

Insider Buying and Selling at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred 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 directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Adam Michaels sold 15,000 shares of the business’s 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 of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Stock Down 0.8 %

Shares of NASDAQ:CROX opened at $104.59 on Monday. The company has a 50 day moving average of $102.14 and a 200-day moving average of $113.48. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 6.54, 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 (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 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%. On average, sell-side analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.