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Crocs, Inc.

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CROX trade ideas

Crocs | CROX | Long at $98.00If the overall/long-term upward momentum continues, Crocs NASDAQ:CROX may be nearing bounce territory at $98 as it reaches the bottom of my selected historical simple moving average (SMA). While there may be a near-term downtrend to close out a few price gaps ($80s-$90s) below the current price, the stock looks incredibly poised for an upward move as the Santa Claus rally nears. Fundamentally, a P/E of 7x, low debt, and a low float (56M) with 7% short interest all works in the favor for this stock/company. Thus, at $98, NASDAQ:CROX is in a personal buy zone. Target #1 = $110 Target #2 = $125 Target #3 = $135 Target #4 = $155 (long-term)
NASDAQ:CROXLong
by NicksAnalysis
11/6/24 - $crox - another perspective on $spxew comp- quick share - i love to compare on "pairs" as crypto has taught me: you don't care if your "alt" coin has gone up on it's USD pair (e.g. it's "$/altcoinprice) when it's BTC pair ($altcoinprice/BTC) is down. in other words, you took *more* risk vs. the pair, so you better have made a good return - so why do i make the above point? well... in stonks, nobody does this, really. look at any ticker in the nasdaq vs. its NASDAQ:QQQ pair. for instance. say you like NYSE:IBM (lol), how is $ibm/ NASDAQ:QQQ ? over time? it allows you to compare performance over time without cherry picking the timing. that's the beauty. back in the day we used to say "YTD" xyz ticker is doing better. or in the last 3 years, abc ticker is doing better. by dividing by the comparison ticker, we can make a comparison that ignores any time-picking bias. - back to $crox. - the reason i flag this chart is a. i love to compare vs. NASDAQ:QQQ , AMEX:SPY , INDEX:SPXEW (equal weight S&P) among others (including stonks vs. BINANCE:BTCUSDT )!!... and b. ***this is such an interesting chart***... the TA (technical analysis) is pretty cray cray for those who like to draw lines. the support/ resistance. it's quite beautiful. triple tops. it's all so... well. what do you think? bot some NASDAQ:CROX today. it's a small position. and i mean small 50 bps. i'd like it lower. but the tariff fake-news-headlines are back baby. NYSE:ELF , NYSE:YETI (let's see tmr AM) and $crox. that's my tariff portfolio for today. tomorrow could change. have a good night, my friend. flag anything that's interesting (esp if you disagree) pls! V
NASDAQ:CROXLong
by VROCKSTAR
10/30/24 - $crox - Tough call in this tape, patient10/30/24 :: VROCKSTAR :: NASDAQ:CROX Tough call in this tape, patient - stonk off 20% post telling us croc's is ripping and heydude is RIPping. nah. jk. but one brand up good, one brand not good. - have been following/ trading this one for many years so i'm very familiar about 'dude and the massive momentum they effed back then - still throw off probably $800 mm fcf on a EV that's 8-9 bn and that's a great yield. the proforma stock price w/ the debt (even after the recent drawdown) is probably ~$140 (roughly 1/4 of capital stack is debt so gross up the stock at low $110s to this) and you're at equivalent PE of 10x (round numbers here) - i think the mkt is NOT in the appetite for ANY thing that's even signaling a quarter of meh. even going across categories. mkt is only sending the companies that beat/ raise and have great growth (e.g. >10% minimally, ideally >15% and really rewarding the 20-30% growers, if you're doing 35%... and profitable... you can bet the stock is hitting ATH's) - so crox is not in that position at the moment - the stonk px is well supported/ defended. the main brand is healthy AF (Though i worry it might be nearing exhaustion when i talk to the younger folks around me when oppty presents itself) SO do i want to step in here? i tried to buy $112 y day and just shed half that exposure pre mkt at $111. do think NASDAQ:GOOG last night, and $meta/ NASDAQ:MSFT tonight and which are obviously unrelated tend to keep everything bid. then again, the AMEX:IWM is weak on it's NASDAQ:QQQ pair and stocks sub $10 bn that are "missing" (quotes in crox's terms) just aren't seeing that bid. so i'm keeping half the exposure to eek out a small gain b/c i think it's small enough i can dump it if we get rumped again for a multi-day. it will take time for crox stock to find it's footing and probably it's a 2025 event given how close are to year end. stock is up, probably a candidate for institutions to take a little off (still) up on the year and just reposition/ engage with it come next year. my "would buy again" target is probably in the 80s. i'll set an alarm for 85.55 on trading view and engage there. if it doesn't/ no sweat and i wish you guys the best. it's not a must own for me given the above logic. hope it helps as always. sorry for being MIA last week - big biz trip and some exciting things ahead. but i'm locked in for the rest of the week/s ahead so DM me, comment here if you think differently. if u made it this far i appreciate you :) V
NASDAQ:CROX
by VROCKSTAR
1
Crocs’ Stock Drops on Q3 Profit Warning Despite Strong Q2 ReportCrocs Inc. (NASDAQ: NASDAQ:CROX ) experienced a notable decline in its stock price on Thursday, shedding about 5% despite reporting second-quarter earnings that exceeded Wall Street expectations. The footwear giant, renowned for its innovative casual footwear, warned of a potential dip in profits for the upcoming quarter, casting a shadow over its robust Q2 performance. Q2 Financial Highlights For the second quarter of 2024, Crocs reported a profit of $228.9 million, or $3.77 per share, up from $212.4 million, or $3.39 per share, in the same period last year. The company’s revenue reached $1.112 billion, marking a 3.6% increase (or 4.8% on a constant currency basis). The growth was primarily driven by a substantial increase in direct-to-consumer (DTC) revenues, which surged 8.9%, and an impressive gross margin of 61.4%, up from 57.9%. Andrew Rees, CEO of Crocs, highlighted the strength of the Crocs brand, particularly its exceptional international growth. He also mentioned the company's efforts to support the long-term health of the HEYDUDE brand by ramping up marketing efforts in the second half of the year. Crocs Brand Performance The Crocs brand reported a 9.7% increase in revenues, totaling $914 million. The growth was seen across various channels and geographies: - DTC Revenues: Increased by 12.5% to $479 million. - Wholesale Revenues: Rose by 6.9% to $435 million. - North America Revenues: Increased by 3.0% to $489 million. - International Revenues: Saw a significant rise of 18.7% to $425 million. Financial Outlook and Challenges Despite the positive Q2 results, Crocs’ guidance for the third quarter of 2024 raised concerns. The company expects: - Revenues to range from a 1.5% decline to a 0.5% increase compared to Q3 2023. - Crocs brand revenues to grow by 3% to 5%. - HEYDUDE brand revenues to decline by 16% to 14%. - Adjusted operating margin to be approximately 24.5%. - Adjusted diluted earnings per share to be between $2.95 and $3.10. For the full year 2024, Crocs maintained its revenue growth outlook of 3% to 5%, with the Crocs brand expected to grow by 7% to 9% and the HEYDUDE brand anticipated to decline by 10% to 8%. The adjusted operating margin is projected to exceed 25%, with adjusted diluted earnings per share estimated to be between $12.45 and $12.90. Market Reaction The market reacted negatively to the profit warning for Third Quarter (Q3), overshadowing the strong Q2 results. The concerns about the sustainability of Crocs’ growth, particularly in the HEYDUDE brand, and the anticipated lower profits for the upcoming quarter, led to the drop in stock price. From a technical perspective, it is evident that NASDAQ:CROX has undergone a series of falling wedge patterns, each preceded by a bullish reversal pattern. Presently, NASDAQ:CROX is exhibiting a similar pattern, accompanied by a relative strength index of 36.66. Anticipation for Q3 suggests a potential decline in NASDAQ:CROX until it reaches significant support at the $112 level. A breach above the one-month low is likely to signify a bullish reversal for $CROX. Conclusion Crocs Inc. continues to demonstrate resilience and growth, particularly with its flagship Crocs brand. However, the profit warning for Q3 has highlighted potential headwinds, especially with the HEYDUDE brand. Investors will be keenly watching how Crocs navigates these challenges and whether it can maintain its positive momentum in the coming quarters.
NASDAQ:CROX
by DEXWireNews
4
Crocs, Inc Appoints Susan Healy as EVP & Chief Financial OfficerCrocs, Inc. ( NASDAQ:CROX ) has appointed Susan Healy as Executive Vice President and Chief Financial Officer of the company, effective June 3. Healy succeeds Anne Mehlman, who was recently appointed President of the Crocs Brand. Mehlman will continue to serve as Chief Financial Officer until Healy's start date. She will join the executive leadership team and report directly to Andrew Rees, CEO. Healy will have responsibility over financial planning and analysis, accounting, investor relations, tax, internal audit, and corporate development. She joins Crocs from IAA, Inc., a global marketplace for automotive buyers and sellers, where she served as Chief Financial Officer and led the company through its $7 billion merger with Ritchie Bros. Auctioneers Incorporated. She has over three decades of financial and operational leadership experience. Prior to 2021, she served as Senior Vice President of Finance for Ulta Beauty. Earlier in her career, she held various senior financial leadership roles in addition to a 12-year tenure at Goldman Sachs. Crocs, Inc. ( NASDAQ:CROX ) reported its fiscal first quarter financial results on May 7, 2024, before the market opened. The company reported an exceptional first quarter, driven by mid-teens growth of the Crocs Brand, driven by robust consumer demand both in North America and in international markets. Andrew Rees, CEO, stated that Crocs delivered an exceptional first quarter, driven by record revenue, industry-leading gross margins, and the power of its diversified business. In the first quarter of 2024, Crocs Brand ( NASDAQ:CROX ) revenues increased 14.6% to $744 million, or 15.6% on a constant currency basis. Direct-to-consumer revenues grew 11.8% to $282 million, or 19.0% on a constant currency basis. Wholesale revenues increased 12.5% to $462 million, or 13.8% on a constant currency basis. North America revenues increased 9.0% to $383 million, or 9.0% on a constant currency basis. International revenues increased 21.3% to $361 million, or 23.6% on a constant currency basis. HEYDUDE Brand revenues decreased 17.2% to $195 million. The company's balance sheet and cash flow for March 31, 2024 compared to March 31, 2023 showed cash and cash equivalents at $159 million, inventories at $392 million, total borrowings at $1,727 million, and capital expenditures at $16 million. Financial Outlook for the second quarter of 2024 is expected to be up 1% to 3% compared to the same period last year. Crocs Brand revenues are expected to grow 7% to 9% compared to the same period last year. The HEYDUDE Brand is expected to contract (19%) to (17%) compared to the same period last year. In the full year of 2024, Crocs ( NASDAQ:CROX ) expects revenue growth of 3% to 5% compared to 2023, with revenues for the Crocs Brand growing approximately 7% to 9% and revenues for the HEYDUDE Brand contracting (10%) to (8%). Adjusted operating margins are expected to be around 25%. Non-GAAP adjustments of approximately $28 million related to the implementation of a new enterprise resource planning ("ERP") system for HEYDUDE and costs to transition to the new distribution center in Las Vegas, Nevada. As of March 31, 2024, Crocs ( NASDAQ:CROX ) had $875 million remaining on its current share repurchase authorization. Technical Outlook Crocs ( NASDAQ:CROX ) stock is up 1.89% in Tuesday's Pre-market trading with a Relative Strength Index (RSI) of 50.17. After the earnings beat, and the appointment of Susan Healy as the EVP & Chief Financial Officer, Crocs ( NASDAQ:CROX ) stock is poised for an upside gap due to the fundamentals. Gappers are formed in a chart when there is no trading activity but the stock rises in value causing an upside or downside gap as a result of a major event such as an earnings beat and quarterly reports, etc.
NASDAQ:CROXLong
by DEXWireNews
Crocs Stock Breaks Out on Strong Earnings and Resilient OutlookCrocs Inc. ( NASDAQ:CROX ) recently stunned investors with its fourth-quarter earnings report, surpassing expectations despite headwinds from the HeyDude brand and broader economic uncertainties. As the company charts a course for continued growth in 2024, let's delve into what's propelling Crocs to new heights and why investors should take notice. Unveiling Resilience Amid Challenges: Despite challenges posed by declining HeyDude sales and a sluggish wholesale market, Crocs ( NASDAQ:CROX ) showcased its resilience in the face of adversity. The company reported a 2.6% decline in adjusted earnings per share for the fourth quarter, beating analyst estimates by a wide margin. Moreover, Crocs' ( NASDAQ:CROX ) GAAP earnings surged a remarkable 89%, signaling robust underlying strength in its business operations. Key Highlights from the Earnings Report: Crocs ( NASDAQ:CROX ) reported a revenue increase of 1.6% to $960 million, slightly edging out forecasts despite a slowdown in growth momentum. Notably, direct-to-consumer sales saw a healthy uptick of 6.8%, underscoring the strength of Crocs' brand and its ability to connect directly with consumers. However, wholesale revenues experienced a modest decline of 4.6%, reflecting ongoing challenges in the broader retail landscape. The Road Ahead: As Crocs ( NASDAQ:CROX ) looks ahead to 2024, the company remains cautiously optimistic about its growth prospects. Despite forecasting a slight decline in revenue for the first quarter, management maintained its full-year outlook, expecting a 3% to 5% increase in revenue driven primarily by a solid performance from its flagship Crocs ( NASDAQ:CROX ) brand. Additionally, the company anticipates flat to slightly higher sales for the HeyDude brand, signaling a potential turnaround in the coming quarters. Investor Sentiment and Market Response: Investors welcomed Crocs' ( NASDAQ:CROX ) stellar performance, sending its stock soaring 8% higher in early trading following the earnings release. With shares poised to break out from their first base in nearly a year, Crocs has positioned itself as a standout performer in a volatile market environment. Despite a minor pullback earlier in the week, Crocs' ( NASDAQ:CROX ) stock has rallied nearly 16% since the beginning of the year, buoyed by strong earnings and optimistic guidance. Conclusion: In an era marked by uncertainty and rapid change, Crocs ( NASDAQ:CROX ) has proven to be a steady anchor for investors seeking stability and growth. With a solid earnings report under its belt and a resilient outlook for the year ahead, Crocs ( NASDAQ:CROX ) is primed to continue its upward trajectory. As the company navigates evolving market dynamics and capitalizes on emerging opportunities, investors would be wise to keep a close eye on this footwear giant as it charts its course for success in 2024 and beyond.
NASDAQ:CROXLong
by DEXWireNews
Crocs (NASDAQ: $CROX) Strides into 2024 with Record Revenues Crocs, Inc. (NASDAQ: NASDAQ:CROX ) is making waves in the footwear industry, with a recent surge of over 20% in its stock value following the announcement of impressive early 2023 results. The company's CEO, Andrew Rees, revealed that 2023 was a robust year for Crocs, marked by a successful holiday season and notable market share gains for both the Crocs and Hey Dude brands. Record-Breaking Performance in 2023: Crocs projects a record-breaking revenue of approximately $3.95 billion for the full year 2023, showcasing a remarkable 11% growth compared to the previous year. This exceeds the company's earlier guidance of 10% to 11% growth. The Crocs brand itself achieved a remarkable milestone by surpassing the $3 billion mark, experiencing growth exceeding 13%, while Hey Dude contributed approximately $949 million in revenues. Financial Strength and Debt Reduction: A key highlight of Crocs' performance is its strong free-cash flow generation, enabling the company to pay down a substantial $277 million in net debt during the fourth quarter of 2023. The full-year debt paydown amounted to an impressive $665 million. Such financial stability positions Crocs favorably for strategic investments and long-term growth. 2024 Outlook and Strategic Initiatives: Looking ahead to 2024, Crocs anticipates a continued positive trajectory with revenue growth projected at 3% to 5% compared to 2023. The Crocs brand is expected to drive this growth, with an estimated 4% to 6% increase, while Hey Dude's revenues are projected to remain flat to slightly up. CEO Andrew Rees emphasized the company's commitment to reinvesting its best-in-class margins into focused strategic investments. Notable initiatives include strong franchise management for the Crocs brand, introducing new products in 2024, including a promising new sandal franchise. Global growth, particularly in Asia, is anticipated, along with the expansion of Hey Dude's omnichannel strategy through the development of its outlet business. Operational Efficiency and Margin Targets: Crocs not only exceeded its fourth-quarter revenue expectations but also raised its full-year 2023 non-GAAP operating margin target to in excess of 27%. This reflects the company's operational efficiency and disciplined financial management. Looking into 2024, Crocs expects further gross margin improvement over 2023, with plans to reinvest these gains into brand accretive and strategic SG&A investments. The result is an anticipated non-GAAP operating margin of approximately 25% for 2024. Conclusion: Crocs, Inc. is undoubtedly on a trajectory of success, backed by robust financial performance, debt reduction, and a strategic vision for the future. Investors and footwear enthusiasts alike have reason to be optimistic as Crocs continues to innovate, expand its market presence, and position itself for long-term, durable growth in 2024 and beyond.
NASDAQ:CROXLong
by DEXWireNews
1
Who Says Crocs Aren't Sexy?CROX is now up over 16% MTD, after being down as much as 17%. While it certainly wouldn't have the same growth expectations as something like the tech sector, the company still seems to be fundamentally sound with pretty consistent YoY increasing revenue, along with massive profit margins and returns on equity. A short-term reversal may be in order based on today's price action (gap up, new high, and quick reversal from its intraday high to close toward the middle of the day's range), but the long-term setup looks very interesting for those who have the patience to sit through the meat of this move.
NASDAQ:CROXLong
by thisbemax
Crocs, Inc. (NASDAQ:CROX) Unravel The Hidden Gem(NASDAQ:CROX) Headquartered in Broomfield, Colorado, Crocs, Inc. (NASDAQ:CROX) engages in the footwear and accessories business. Crocs, Inc. (NASDAQ:CROX) stock closed at $96.84 per share. One-month return of Crocs, Inc. (NASDAQ:CROX) was -6.68%, and its shares gained 32.62% of their value over the last 52 weeks. Crocs, Inc. (NASDAQ:CROX) has a market capitalization of $5.97 billion. Along with Exact Sciences, notable adds in the quarter included Twist Bioscience, Saia and Crocs, Inc. (NASDAQ:CROX). Crocs designs, develops, manufactures and distributes casual footwear and accessories for men, women and children. The company invented the molded plastic Clog in 2002 and has turned it into a $3 billion global revenue base. We believe expansion opportunities outside the US, demand from new product introductions (including from recently acquired Hey Dude) and distribution pushes within the direct-to-consumer and wholesale channels will drive greater-than-expected revenue growth. Given the company’s small market share, just 1% of the global footwear industry, we believe it has a long runway for growth. Price Momentum CROX is trading near the bottom of its 52-week range and below its 200-day simple moving average. Investors have been pushing the share price lower, and the stock still appears to have downward momentum. This is a buy opportunity for prudent investors.
NASDAQ:CROXLong
by DEXWireNews
A deep dive into CROCS companyHello, Crocs, Inc. engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand. According to their website below are the things that you should look at before investing in CROCS A Global, Scale Leader in Casual Footwear >$3 billion of annual sales Aligned with global megatrends such as casualization and personalization Two Iconic Brands The unmistakable Classic Clog of the Crocs Brand recognized around the world The “Good to Go-To” comfort of HEYDUDE. Some of the cushiest, comfiest, airiest, featheriest, lightest shoes on Earth. Strong Financial Profile Sustainable, profitable revenue growth Industry-leading adjusted operating margin of 26%+ Robust free cash flow generation Experience & Skills Management team with deep industry experience and essential skills The Q2 2023 Highlights are as below • Revenues of $1,072 million, +12% CC(1) ◦ Crocs Brand revenues of $833M, +15% CC(1) ▪ Asia revenues up +39% CC(1) ▪ DTC comparable sales growth +20% ▪ North America revenues +13% CC(1) driven by sandals and new product introductions ◦ HEYDUDE Brand revenues of $239M, +3% CC(1) ▪ DTC growth of +30% CC(1) ▪ Digital growth of +37% CC(1) • Adjusted diluted EPS +11% to $3.59 per share(2) • Gross leverage was 1.8x at quarter end, allowing us to repurchase $50M of shares in July • Crocs, Inc. was named to the Time100 Most Influential Companies of 2023 I will be looking for buy of this stock at around USD 55.02 areas with a target of USD 146 per share. Good luck & Happy Investing.
NASDAQ:CROX
by thesharkke