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Crocs: Deep Value Play Supported By International Growth Strength
Seeking Alpha· 2024-08-22 20:58
ArtMarie/E+ via Getty Images The market is sitting near all-time highs again, and that's generally a good signal for investors to rotate more of our portfolios toward cautious, value-oriented names. These stocks can often require patience to stage a turnaround, but represent a rewarding counterbalance in case the market turns south. Croos (NASDAQ:CROX), the beloved shoemaker, is one of these bargain plays. Now, shares of Cross have already soared >50% this year as the company has continued to outline a clea ...
Crocs (CROX) Crossed Above the 50-Day Moving Average: What That Means for Investors
ZACKS· 2024-08-22 14:31
From a technical perspective, Crocs (CROX) is looking like an interesting pick, as it just reached a key level of support. CROX recently overtook the 50-day moving average, and this suggests a short-term bullish trend. The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend. Shares of CROX ...
Analyst: Sydney Sweeney Signing Could Help Crocs Stock
Schaeffers Investment Research· 2024-08-22 14:19
Crocs, Inc. (NASDAQ:CROX) is up 2.2% to trade at $143.72 at last check, after Williams Trading upgraded the equity to "buy" from "hold" and hiked its price target from $135 to $163. In its bull note, the analyst praised Crocs' signing of actress Sydney Sweeney as a spokesperson for its Heydude brand, which could help reverse negative sales trends. Typically quiet in terms of options volume, CROX is seeing an uptick in bullish bets following the commentary. So far, 965 calls have crossed the tape, which is d ...
Crocs: 3 Reasons Why I Am Buying The Dip
Seeking Alpha· 2024-08-17 13:49
ArtMarie/E+ via Getty Images Introduction & Investment Thesis I last covered Crocs (NASDAQ:NASDAQ:CROX) in May, where I reiterated my "buy" rating on the stock. My thesis was predicated on my belief that the headwinds from its HEYDUDE are likely priced in and that the company should benefit from higher ASPs and volumes sold for its Crocs brand as it expands internationally and drives robust product innovation along with memorable marketing moments to engage its customers. Although the stock initially rose 1 ...
Best Stocks To Invest In Right Now? 2 Consumer Stocks To Watch
Stock Market News, Quotes, Charts And Financial Information | Stockmarket.Com· 2024-08-15 21:42
The consumer sector is all about companies that sell products and services directly to people like you and me. It covers everything from grocery stores and clothing brands to streaming services and fast-food chains. Consumer stocks are shares in these companies that you can buy on the stock market. They're often split into two groups; consumer staples (things we always need) and consumer discretionary (things we want but don't necessarily need). Investing in consumer stocks can be pretty appealing. These co ...
Crocs Stock Slips After Earnings Beat: Will It Bounce Back?
MarketBeat· 2024-08-15 11:17
Crocs Today CROX Crocs $131.39 -3.22 (-2.39%) 52-Week Range $74.00 ▼ $165.32 P/E Ratio 10.17 Price Target $154.09 Add to Watchlist Casual footwear maker Crocs Inc. NASDAQ: CROX reported solid Q2 2024 results, but shares initially sold off. The maker of iconic clogstyle shoes made from its proprietary Croslite foam material achieved record results, but investors were disappointed by its conservative inline guidance for the year. The company is focusing on growing its international footprint as its penetratio ...
1 Magnificent Stock Up 451% in 5 Years: Should You Buy Now?
The Motley Fool· 2024-08-15 08:20
Despite its impressive gains, this stock isn't grabbing headlines, but investors should pay attention. Given all the attention that tech stocks have gotten, particularly those with heavy exposure to the artificial intelligence boom, it's easy for investors to forget that monster investment returns can be had by putting your money into "boring" enterprises. Crocs (CROX -2.39%), the maker of popular foam clog slip-ons, is the perfect example. In the past five years, this magnificent shoe stock has risen an aw ...
3 Stocks That Could Help You Get Richer in 2024
The Motley Fool· 2024-08-08 13:55
Stock prices are starting to slide and that's a long-term investor's opportunity. On Aug. 5, global stock markets crashed for a variety of reasons, including a weakening U.S. economy, geopolitical tensions, and a complicated investing issue called the "yen carry trade." In short, there's a lot of leverage in the investing world. And as certain things deteriorate, investors are forced to sell their stocks, which drives prices down. It's important for investors to keep perspective: The S&P 500 is still up mor ...
Can Crocs (CROX) Stock Move Higher Again as Markets Stabilize?
ZACKS· 2024-08-08 00:05
Recent market volatility interrupted what might have been a sharp rally in Crocs (CROX) stock after the leading footwear company posted strong Q2 results last Thursday. Despite giving back some of its lofty gains this year, Crocs stock is still up +35% to impressively top the broader indexes and many of its Zacks Textile-Apparel Industry peers including Ralph Lauren's (RL) +11% and Guess (GES) at -3%. With Crocs' growth making its stock one of the top performers in recent years let's see if it's time to buy ...
Insider Alert: Crocs Director Buys $247K of CROX Stock
Investor Place· 2024-08-06 19:11
Crocs (NASDAQ:CROX) stock is moving higher following an insider buy. The buy came just one day after the foam clogs company reported its second-quarter earnings. On Aug. 2, Director John Replogle purchased 1,996 shares of CROX stock. Replogle bought the shares at an average price of $123.95. In total, the transaction was worth $247,420 and brought Replogle's ownership to 7,064 shares. This marks the first Crocs insider purchase since March 14, which is also attributed to Replogle. The buy also ends a streak ...