12 stories mentioning CROXUpdated 7d ago
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Crocs (CROX) has an average rating of overweight and mean price target of $131.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $125.33, Change: $+1.67, Percent Change: +1.35%
Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 2.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1%.In corporate news, Crocs (CROX) shares fell past 7% after the footwear maker issued downbeat Q3 earnings guidance, while its Q2 results topped Wall Street's estimates.Steven Madden (SHOO) shares were up over 8% after it reported better-than-expected Q2 results and raised its fiscal 2026 outlook.Yum Brands (YUM) reported stronger-than-expected Q2 earnings Thursday, while revenue fell short as a recent food-safety issue weighed on demand at Taco Bell. Yum Brands shares gained 3.5%.Altria (MO) shares fell past 9% after it reported Q2 adjusted earnings that missed analysts' expectations.
Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 2.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1%.In corporate news, Crocs (CROX) shares fell nearly 8% after the footwear maker issued downbeat Q3 earnings guidance, while its Q2 results topped Wall Street's estimates.
Crocs (CROX) shares were slumping Thursday after the footwear maker issued a downbeat third-quarter earnings guidance, while its second-quarter results topped Wall Street's estimates.For the ongoing quarter, the company expects adjusted earnings of $3.20 to $3.30 a share, below the FactSet-polled consensus of $3.49. It projects third-quarter revenue to be roughly flat on an annual basis, at recent currency rates.Crocs shares were down 8.5% in afternoon trade, trimming its year-to-date gains to 43%.The company will implement a "business model change" with one of its largest marketplace partners starting in the ongoing quarter that will impact how the company recognizes Crocs brand North America revenue between its direct-to-consumer and wholesale channels, Chief Financial Officer Patraic Reagan said on an earnings call, according to a FactSet transcript."The net of these revenue shifts will be lower overall revenue," Reagan told analysts. "We will see an improvement to operating profit."For the June quarter, non-GAAP EPS rose to $4.55 from $4.23 a year earlier, surpassing the Street's views for $4.35. Revenue grew 2.6% to $1.18 billion, also exceeding the $1.15 billion modeled by analysts.The company saw "record enterprise revenue, including the Crocs brand surpassing $1 billion in quarterly revenue for the first time ever," Chief Executive Andrew Rees said in an earnings release. "Our results reflect broad consumer demand across both brands, healthy direct-to-consumer growth, and strong consumer response to new product innovation."For the full year, Crocs now expects adjusted EPS between $13.70 and $14, compared with its previous outlook range of $13.20 to $13.75. The company is now guiding for 2026 revenue to be up 1% to 2%, compared with the prior guidance of down 1% to up 1%. The Street is projecting non-GAAP EPS of $13.73.Last month, Nike's (NKE) fiscal fourth-quarter revenue fell year over year, while the sportswear company's earnings got a boost from expected tariff refunds.Crocs' board recently approved a $1.5 billion increase to its share buyback authorization, making roughly $2 billion available for repurchases.Price: $122.34, Change: $-11.18, Percent Change: -8.37%
Crocs (CROX) has the potential to deliver Q2 upside and enter the second half of 2026 with strengthening momentum, supported by North American direct-to-consumer momentum and new product launches, BofA Securities said in a Thursday note.The analyst said sustained North American direct-to-consumer momentum, led by newer products such as sandals, could drive a Q2 beat, with easier comparisons in the second half as the company laps last year's promotional and wholesale sell-in reductions.BofA also said lower tariff costs could support Q2 margins, though the benefit may be partly offset by a richer mix of newer products and lower-margin channels, while early Q3 launches of Echo 2 and Mellow 2 are expected to sustain demand.BofA maintained its buy rating on the stock and raised its price objective to $160 from $145.Crocs shares were down 2.7% in Thursday trading.Price: $132.52, Change: $-3.68, Percent Change: -2.70%
Crocs (CROX) shares rose over 7% on Friday after Piper Sandler upgraded the stock to overweight from neutral and boosted its price target to $150 per share from $95.Trading volume stood at around 747,000 shares compared with a daily average of nearly 1.3 million.Price: $127.60, Change: $+8.72, Percent Change: +7.34%
Crocs (CROX) has an average rating of overweight and mean price target of $126, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Crocs (CROX) shares rose more than 2% in Monday trading after Baird upgraded the stock to outperform from neutral and adjusted its price target to $150 from $115.Trading volume stood at over 885,000 shares, compared with a daily average of about 1.3 million.Price: $121.84, Change: $+2.49, Percent Change: +2.09%
Crocs (CROX) has an average rating of overweight and mean price target of $117.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Crocs (CROX) has an average rating of overweight and mean price target of $111.83, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $103.08, Change: $+1.10, Percent Change: +1.08%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Crocs delivered Q1 adjusted EPS of $2.99 vs. $3.00 prior year, beating estimates by $0.22, while revenues of $921M declined 1.7% but exceeded estimates by $20M. The quarter showed strategic progress with DTC revenues growing 12.1% and Crocs International up 7.2% to $421.5M, now representing 55% of the brand's revenues, though HEYDUDE continued declining 12.3%. We are encouraged by the better-than-expected HEYDUDE guidance and believe the company still boasts the best margins in footwear trading at the lowest multiple in the space. Management raised full-year EPS guidance to $13.20-$13.75 from $12.88-$13.35, with the HEYDUDE decline improving to 7%-5% vs. 9%-7% previously. Adjusted gross margin compressed 90 bps to 56.9% while operating margin of 22.3% remains well-above peers despite a 150 bps decline. The international strength provides important tariff insulation, and shares trade at just 7x the midpoint of full-year guidance, declining 3% pre-market.
Crocs (CROX) has an average rating of overweight and mean price target of $108.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
