Crocs (CROX) Declines More Than Market: Some Information for Investors
Crocs (CROX) closed at $105.48 in the latest trading session, marking a -1.4% move from the prior day.
Wall Street Analysts Think Crocs (CROX) Is a Good Investment: Is It?
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?
Crocs Is Positioned For Long-Term Outperformance
Crocs' core shoe business remains high-quality with respectable growth prospects, trading at an EV/EBIT multiple of less than 8x, suggesting significant undervaluation. The HEYDUDE acquisition has been challenging, but the core Crocs brand's impressive operating and financial metrics justify a higher stock price. The free cash flow from Crocs' core brand and the company's share buyback plans make it an attractive investment with significant potential outperformance prospects.
Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now
With the recent market sell-off, a number of stocks have just been tossed right into the bargain bin. This includes some very well-known names that are trading at very low valuations.
Crocs (CROX) Falls More Steeply Than Broader Market: What Investors Need to Know
The latest trading day saw Crocs (CROX) settling at $100, representing a -1.85% change from its previous close.
Crocs stock gains as Loop Capital sees buying opportunity despite tariff concerns
Crocs (NASDAQ: CROX) shares gained around 3% on Wednesday after Loop Capital upgraded the stock to a “Buy” from “Hold,” citing an attractive valuation and growth prospects for its Hey Dude brand. The firm set a price target implying nearly 12% upside potential for the stock.
Crocs' Discounted P/E Valuation Looks Good: Is the Stock a Smart Buy?
CROX is poised for long-term growth, fueled by strong consumer demand, strategic initiatives and expanding brand awareness despite macroeconomic challenges.
1 Growth Stock Down 40%: Should You Pile Into This Well-Known Consumer Brand?
After terrific performances in 2023 and 2024, the major market indexes are near record territory so far this year. Investors looking to put money to work in this type of bullish market environment might be discouraged by the fact that there might not be too many compelling buying opportunities.
Important March 24, 2025 Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Crocs, Inc. Investors of Securities Fraud Class Action Lawsuit
RADNOR, PA - February 21, 2025 (NEWMEDIAWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against Crocs, Inc. (NASDAQ: CROX) (Crocs or the Company) on behalf of investors who purchased or otherwise acquired Crocs common stock between November 3, 2022, and October 28, 2024, inclusive (the Class Period). This action, captioned Carretta v. Crocs, Inc., et al. , Case No. 1:25-cv-00096-JLH, was filed in the United States District Court for the District of Delaware. Important Deadline Reminder: Investors who purchased or otherwise acquired Crocs common stock during the Class Period may, no later than March 24, 2025, move the Court to serve as lead plaintiff for the class. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); If you suffered Crocs losses, you may CLICK HERE or copy and paste the following link in your browser: Click Here can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at [email protected] . DEFENDANTS MISCONDUCT Before the beginning of the Class Period, in February 2022, Crocs completed its acquisition of HEYDUDE, a footwear brand focusing on casual, comfortable, and lightweight footwear. The Company reports HEYDUDE sales in two segments: direct-to-consumer (DTC) sales; and wholesale sales (which include sales to major retailers). Despite the fact that HEYDUDE was only acquired by Crocs in mid-February 2022, HEYDUDE accounted for approximately 25% of the Companys total revenues in 2022. During the Class Period, Defendants misled investors by concealing the fact that the strong revenue growth exhibited by HEYDUDE following its acquisition in February 2022, was largely driven by a conscious decision on the part of Crocs management to aggressively stock its third-party wholesaler pipeline with HEYDUDE products, regardless of the level of retail demand being experienced by those wholesalers. Defendants pursued this overstocking strategy despite assurances to investors by Defendant Andrew Rees (Rees), the Companys Chief Executive Officer, that Crocs would not play the game of forcing inventory into [wholesalers] and getting them overstocked. As a result, unbeknownst to investors, the Company reported HEYDUDE revenue numbers in 2022 that were not indicative of actual retail demand for HEYDUDE shoes and, over the longer term, were entirely unsustainable. Moreover, after the Companys retail partners began to destock this excess inventory, Defendants further misled investors by concealing that waning product demand for HEYDUDE shoes would further impact the Companys financial results. Investors began to learn the truth about the nature and unsustainability of HEYDUDEs revenue growth on April 27, 2023, when Defendant Rees revealed during the Companys first quarter 2023 earnings call that much of HEYDUDEs revenue growth in 2022 was attributable to efforts to stock the Companys wholesale partners with HEYDUDE products and was not necessarily indicative of actual downstream retail sales. On this news, the price of Crocs common stock declined $23.46 per share, or nearly 16%, from a close of $147.78 per share on April 26, 2023, to close at $124.32 per share on April 27, 2023. Thereafter, on June 7, 2023, and July 27, 2023, Defendants made additional disclosures which revealed that Crocs had intentionally made significant sales to the Companys major retail and wholesale partners, rather than gradually increasing third-party HEYDUDE inventory over several years to reflect actual retail demand for the product. These disclosures caused the price of Crocs common stock to decline. In addition, on August 16, 2023, the price of Crocs common stock declined nearly 4% when Williams Trading LLC significantly decreased its price target on Crocs from $145 per share, to $113 per share, due to information its primary Crocs analyst had uncovered as a result of his discussions with several HEYDUDE wholesale accounts regarding wholesaler inventory levels and the pricing for HEYDUDE products. Among other things, Williams Trading LLC highlighted elevated HEYDUDE inventory levels at approved retailers and the overabundance of HEYDUDE products on Amazon.com at below suggested retail price. Then, on November 2, 2023, Crocs announced its financial results for the third quarter of 2023, and revealed that HEYDUDEs [w]holesale revenues declined 19.4% to $146.5 million following prior year pipeline fill and as our wholesale partners were more cautious on at-once orders. As a result of the prior overstocking of HEYDUDEs products, Crocs further slashed its 2023 HEYDUDE revenue growth guidance from between 14% and 18%, to between only 4% and 6% (even though HEYDUDE DTC sales continued to grow 14.6% during the quarter). In connection with this announcement, Defendant Rees admitted that HEYDUDE inventory was too high and that the Company is proactively lowering in-channel inventories and working with our strategic accounts to clean up that inventory and putting them in a strong sell-through and a more profitable position. On this news, the price of Crocs common stock declined $4.62 per share, or more than 5%, from a close of $87.41 per share on November 1, 2023, to close at $82.79 per share on November 2, 2023. Throughout the remainder of the Class Period, Defendants continued to downplay the impact of the Companys overstocking of third-party wholesalers and retailers following the February 2022 acquisition of HEYDUDE. After the Companys retail partners began to destock this excess inventory, Defendants further misled investors by concealing that waning product demand would significantly exacerbate the negative impact on the Companys financial results. Finally, on October 29, 2024, investors learned more about HEYDUDEs prospects when the Company reported its financial results for the third quarter of 2024. During the accompanying earnings call held that same day, Defendant Rees disclosed that HEYDUDE revenues fell below the Companys expectations and revealed that HEYDUDEs recent performance and the current operating environment are signaling it will take longer than we had initially planned for the business to turn the corner. Rees attributed HEYDUDEs struggles to excess inventories in the market and admitted that weve made good progress, but frankly, not quite all the progress we want to make in resolving the inventory issue. Moreover, Rees admitted that if you think about this sort of [20]22 into [20]23 timeframe, in retrospect, we absolutely shipped too much product[], calling that decision wrong and highlighting that a lack of product demand exacerbated the issue. On this news, the price of Crocs common stock declined $26.47 per share, or approximately 19.2%, from a close of $138.05 per share on October 28, 2024, to close at $111.58 per share on October 29, 2024. WHAT CAN I DO? Crocs investors may, no later than March 24, 2025, move the Court to serve as lead plaintiff for the class, through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Crocs investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE to sign up for the case or GO TO: Click Here CAN BE A LEAD PLAINTIFF? A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. ABOUT KESSLER TOPAZ MELTZER & CHECK, LLPKessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com . CONTACT: Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq. 280 King of Prussia RoadRadnor, PA 19087 (844) 887-9500 (toll free) [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. View the original release on www.newmediawire.comCopyright 2025 JCN Newswire . All rights reserved.© Japan Corporate News, source JCN Press Releases
Crocs Stock Is Too Good to Pass Up
Crocs' (CROX 3.35%) results for the fourth quarter of 2024 weren't earth-shattering, but the stock has gotten so cheap that investors were expecting the worst. What's interesting is the turnaround at HEYDUDE, which gives the company upside beyond Crocs, as Travis Hoium shows in this video.
Crocs Shares Soar on Strong Outlook. Is It Too Late to Buy the Stock?
Crocs (CROX -1.00%) shares soared following the casual footwear company's Q4 earnings report, as its namesake brand saw solid sales while there were signs of a turnaround at its struggling HeyDude brand. Nonetheless, the stock is still down slightly over the past year.
Crocs' Breakout Rally May Not Last, More Headwinds Ahead
Crocs has already reported robust FQ4'24 performance, albeit negated by the mixed forward guidance, with it signaling HEYDUDE's still mixed performance metrics. The same has been observed in its impacted adj operating margins, worsened by the ongoing tariff war, since two of its largest third-party manufacturers largely operate in Vietnam and China. This is on top of the potentially higher for longer inflation and elevated interest rate environment, with it likely to trigger slower demand recovery in North America.
