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Brokers Suggest Investing in Crocs (CROX): Read This Before Placing a Bet
Zacks Investment Research· 2024-05-14 14:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell- side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Crocs (CROX) . Crocs currently has an average brokerage recommendation ( ...
Crocs (CROX) Upgraded to Buy: Here's Why
Zacks Investment Research· 2024-05-10 17:01
Crocs (CROX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earnings ...
CROX or LVMUY: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-05-10 16:41
Investors interested in Textile - Apparel stocks are likely familiar with Crocs (CROX) and LVMH-Moet Hennessy Louis Vuitton SA (LVMUY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive est ...
Here's Why Crocs (CROX) is a Strong Momentum Stock
Zacks Investment Research· 2024-05-09 14:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...
Crocs Gives Old Shoes a Second Chance with Expansion of Takeback Program Across the United States
Prnewswire· 2024-05-09 13:00
Fans will receive a 10% discount when they bring used Crocs shoes to any retail location in the continental United States or go online for a no-cost mail-back optionBROOMFIELD, Colo., May 9, 2024 /PRNewswire/ -- Crocs, Inc. (NADSAQ: CROX) invites people across the country to participate in the 'Old Crocs. New Life' shoe takeback program. All Crocs retail and outlet locations in the United States, excluding Hawaii and Puerto Rico, are now equipped with designated collection boxes for fans to drop off Crocs s ...
Crocs Stock Is Hot, Crushing Expectations Once Again
The Motley Fool· 2024-05-09 09:15
Crocs growth is picking up and it's time to pay attention.Crocs (CROX -0.78%) may not be the most popular shoe on Wall Street, but the stock is making investors pay attention with strong growth and a very reasonable valuation. In this video, Travis Hoium covers the company's recent quarterly results.*Stock prices used were end-of-day prices of May 7, 2024. The video was published on May 8, 2024. ...
Time to Buy Crocs (CROX) Stock After Crushing Q1 Earnings Expectations?
Zacks Investment Research· 2024-05-09 01:10
Crocs (CROX)  stock has highlighted this week’s earnings lineup after crushing Q1 earnings expectations on Tuesday. The footwear and apparel leader has seen its stock soar over +40% this year to impressively outpace the broader indexes and many noteworthy peers such as Guess (GES)  and Ralph Lauren (RL) .That said, let’s see if it's still worth holding or buying Crocs stock after the company’s impressive Q1 results.Image Source: Zacks Investment ResearchStrong Q1 ResultsCrocs brand growth remains compelling ...
3 Reasons Crocs Beat Your Favorite Stock This Earnings Season
The Motley Fool· 2024-05-08 15:45
Crocs is beating the market after back-to-back blowout quarters in 2024.One of this week's early winners is Crocs (CROX -0.66%). The maker of footwear that's easier on the feet than it is on the eyes jumped 8% higher on Tuesday after posting better-than-expected results for the first quarter.It seems Crocs doesn't get the respect it deserves as an investment. Its distinctive yet fashionably polarizing clogs are often the butt of a joke, but its investors seem to be laughing all the way to the bank. The stoc ...
Crocs Stock Jumps on Record Revenue as Demand for Its Footwear Kicks Up Sales
Investopedia· 2024-05-07 20:40
Key TakeawaysCrocs posted record revenue for the first quarter and raised its guidance on soaring demand for its eponymous shoe brand.Crocs brand sales rose 14.6% in the latest quarter, but they slid 17.2% for the company's Heydude brand.Crocs raised its 2024 outlook for earnings per share, while lowering its expectations for Heydude brand revenue. Crocs (CROX) shares gained more than 7% Tuesday as the footwear maker posted record sales and boosted its guidance on “robust consumer demand" for its eponymous ...
Crocs (CROX) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Zacks Investment Research· 2024-05-07 19:11
Crocs, Inc. (CROX) posted solid results for first-quarter 2024, wherein the top and bottom lines surpassed the Zacks Consensus Estimate and grew year over year. Its adjusted earnings of $3.02 per share beat the consensus estimate of $2.22 and rose 15.7% year over year.We note that this Zacks Rank #3 (Hold) company has gained 19.3% in the past three months compared with the industry’s 8.1% growth.Q1 in DetailRevenues rose 6.2% year over year to $938.6 million and beat the Zacks Consensus Estimate of $883 mil ...