SAN DIEGO, Jan. 24, 2025 /PRNewswire/ -- Robbins LLP informs investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Crocs, Inc. (NASDAQ: CROX) common stock between November 3, 2022 and October 28, 2024. Crocs is a casual lifestyle footwear brand. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.The Allegations: Robbins LLP is Investigating Allegations that Crocs, Inc. (CROX) Misled Investors ...

SAN FRANCISCO, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Investors in Crocs, Inc. (NASDAQ: CROX) suffered yet another loss on Oct. 29, 2024 after the company prepared investors for disappointing Q4 and FY 2024 financial results that, in turn, sent shares crashing $26.47 (-19%). According to the company, the culprit was its HEYDUDE operating segment performance. Now a class action lawsuit has been filed focused on the propriety of Crocs’ disclosures about sales practices within its HEYDUDE operating segment, which C ...

Class Action Lawsuit Overview - A class action lawsuit has been filed on behalf of purchasers of Crocs, Inc (NASDAQ: CROX) common stock between November 3, 2022, and October 28, 2024 [1] - Shareholders who purchased Crocs stock during the Class Period may be entitled to compensation without out-of-pocket fees through a contingency fee arrangement [2] - To join the lawsuit, shareholders can visit the Rosen Law Firm's website or contact Phillip Kim, Esq by phone or email [3][6] Details of the Allegations - The lawsuit alleges that Crocs failed to disclose key information about the nature and sustainability of HEYDUDE's revenue growth [5] - Specifically, the company allegedly concealed that 2022 revenue growth was largely driven by efforts to stock third-party wholesalers and retailers following the February 2022 acquisition of HEYDUDE [5] - As retail partners began destocking excess inventory, waning product demand negatively impacted the company's financial results [5] - The lawsuit claims that defendants' representations about the company's business, operations, and prospects were materially false and misleading [5] Rosen Law Firm Background - The Rosen Law Firm specializes in securities class actions and shareholder derivative litigation, representing global investors [4] - The firm achieved the largest ever securities class action settlement against a Chinese company at the time [4] - Ranked No 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017 [4] - Consistently ranked in the top 4 each year since 2013, recovering hundreds of millions of dollars for investors [4] - In 2019 alone, the firm secured over $438 million for investors [4] Legal Process Information - No class has been certified yet, and investors are not represented by counsel unless they retain one [7] - Investors may select their own counsel or remain absent class members [7] - The ability to share in any potential future recovery is not dependent on serving as lead plaintiff [7]

NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of all persons or entities who purchased or otherwise acquired Crocs, Inc. (“Crocs” or the “Company”) (NASDAQ: CROX) securities between November 3, 2022 and October 28, 2024, inclusive (the “Class Period”). The Complaint alleges that throughout the Class Period, Defendants made materially false and/or ...

Lawsuit Overview - A securities fraud class action lawsuit has been filed against Crocs Inc on behalf of investors who purchased or acquired Crocs common stock between November 3 2022 and October 28 2024 [1] - The lawsuit alleges that Crocs misled investors regarding the sustainability of HEYDUDE's revenue growth and the impact of overstocking on the company's financial results [3][8] HEYDUDE Acquisition and Revenue Impact - Crocs acquired HEYDUDE in February 2022 and the brand accounted for approximately 25% of the company's total revenues in 2022 [2] - HEYDUDE's revenue growth was largely driven by aggressive stocking of third-party wholesaler pipelines rather than actual retail demand [3] - HEYDUDE's wholesale revenues declined 19.4% to $146.5 million in Q3 2023 due to prior overstocking and cautious wholesale orders [6] Stock Price Declines - Crocs' stock price declined $23.46 per share (nearly 16%) on April 27 2023 after the company revealed the unsustainable nature of HEYDUDE's revenue growth [4] - The stock price declined nearly 4% on August 16 2023 after Williams Trading LLC decreased its price target on Crocs from $145 to $113 per share [5] - Crocs' stock price declined $4.62 per share (over 5%) on November 2 2023 after the company slashed its 2023 HEYDUDE revenue growth guidance [7] - The stock price declined $26.47 per share (approximately 19.2%) on October 29 2024 after HEYDUDE's revenues fell below expectations [9] Management Disclosures and Actions - Crocs' CEO Andrew Rees admitted that the company shipped too much product in 2022 and 2023 and that inventory was too high [7][9] - The company is proactively lowering in-channel inventories and working with strategic accounts to clean up inventory and improve sell-through [7] - Rees acknowledged that HEYDUDE's recent performance and the current operating environment indicate it will take longer than initially planned for the business to recover [9]

SAN DIEGO, Jan. 23, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that the Crocs class action lawsuit seeks to represent purchasers or acquirers of Crocs, Inc. (NASDAQ: CROX) common stock between November 3, 2022 and October 28, 2024, inclusive (the "Class Period").  Captioned Carretta v. Crocs, Inc., No. 25-cv-00096 (D. Del.), the Crocs class action lawsuit charges Crocs and certain of Crocs' top executives with violations of the Securities Exchange Act of 1934.If you suff ...

Lawsuit Overview - The Crocs class action lawsuit represents purchasers or acquirers of Crocs, Inc (NASDAQ: CROX) common stock between November 3, 2022, and October 28, 2024 [1] - The lawsuit charges Crocs and certain top executives with violations of the Securities Exchange Act of 1934 [1] Case Allegations - Crocs completed the acquisition of HEYDUDE, a casual footwear brand, in February 2022 [3] - The lawsuit alleges that Crocs' CEO assured investors that the company would not overstock wholesalers, but revenue growth was driven by stocking third-party wholesalers and retailers post-acquisition [3] - As retail partners began destocking excess inventory, waning product demand negatively impacted Crocs' financial results [3] Lead Plaintiff Process - Investors who purchased or acquired Crocs common stock during the Class Period can seek appointment as lead plaintiff [4] - The lead plaintiff acts on behalf of all class members and can select a law firm to litigate the case [4] About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having secured $6.6 billion for investors in securities-related class action cases over the last four years [5] - The firm has 200 lawyers across 10 offices and has achieved significant recoveries, including the largest securities class action recovery of $7.2 billion in the Enron case [5]

The Crocs brand continues to grow and the stock is a steal at under 8 times earnings.There aren't a lot of value stocks on the stock market today, but Crocs (CROX -1.20%) falls firmly in that category. The company continues to grow the Crocs brand, although HEYDUDE is struggling, and at under 8 times earnings management can buy back stock like crazy. In this video, Travis Hoium explains why this is such an incredible value.*Stock prices used were end-of-day prices of Jan. 14, 2025. The video was published o ...

Crocs, Inc.(NASDAQ: CROX ) recently released its Q3 earnings, which led to its stock price declining from $140 per share to slightly under $100, around 30% decline. While Crocs exceeded analysts' revenue and earnings expectations, their lower-than-expected guidance and the HeyDude Brand's continuedAs a value investor concentrating on companies with long-term growth potential at a reasonable price, I prioritize those undergoing strategic changes. These changes initiate a corrective force that returns the sto ...

Nikolaos Sismanis holds a BSc in Banking and Finance and has over five years of experience as an equities analyst. He covers a variety of growth stocks and income stocks, including identifying those with the highest expected return potential, and a solid margin of safety. He is a contributing author to the investing group He is a contributing author to the investing group Wheel of Fortune where they share actionable trading ideas across all asset-classes, sectors and industries. The goal of the service is t ...