CROX Cup with Handle SetupNice looking coup with handle in a stock group that's been strong. Decker's out with earnings that could get this to gap up. Worth watching. Volume pattern looks solid.by TaPlot3
Formation of bullish pattern on uptrendThe formation of the cup and handle pattern in the uptrend foreshadows further move to the upside.Longby Tahawe0
Crocs, Inc Appoints Susan Healy as EVP & Chief Financial OfficerCrocs, Inc. ( NASDAQ:CROX ) has appointed Susan Healy as Executive Vice President and Chief Financial Officer of the company, effective June 3. Healy succeeds Anne Mehlman, who was recently appointed President of the Crocs Brand. Mehlman will continue to serve as Chief Financial Officer until Healy's start date. She will join the executive leadership team and report directly to Andrew Rees, CEO. Healy will have responsibility over financial planning and analysis, accounting, investor relations, tax, internal audit, and corporate development. She joins Crocs from IAA, Inc., a global marketplace for automotive buyers and sellers, where she served as Chief Financial Officer and led the company through its $7 billion merger with Ritchie Bros. Auctioneers Incorporated. She has over three decades of financial and operational leadership experience. Prior to 2021, she served as Senior Vice President of Finance for Ulta Beauty. Earlier in her career, she held various senior financial leadership roles in addition to a 12-year tenure at Goldman Sachs. Crocs, Inc. ( NASDAQ:CROX ) reported its fiscal first quarter financial results on May 7, 2024, before the market opened. The company reported an exceptional first quarter, driven by mid-teens growth of the Crocs Brand, driven by robust consumer demand both in North America and in international markets. Andrew Rees, CEO, stated that Crocs delivered an exceptional first quarter, driven by record revenue, industry-leading gross margins, and the power of its diversified business. In the first quarter of 2024, Crocs Brand ( NASDAQ:CROX ) revenues increased 14.6% to $744 million, or 15.6% on a constant currency basis. Direct-to-consumer revenues grew 11.8% to $282 million, or 19.0% on a constant currency basis. Wholesale revenues increased 12.5% to $462 million, or 13.8% on a constant currency basis. North America revenues increased 9.0% to $383 million, or 9.0% on a constant currency basis. International revenues increased 21.3% to $361 million, or 23.6% on a constant currency basis. HEYDUDE Brand revenues decreased 17.2% to $195 million. The company's balance sheet and cash flow for March 31, 2024 compared to March 31, 2023 showed cash and cash equivalents at $159 million, inventories at $392 million, total borrowings at $1,727 million, and capital expenditures at $16 million. Financial Outlook for the second quarter of 2024 is expected to be up 1% to 3% compared to the same period last year. Crocs Brand revenues are expected to grow 7% to 9% compared to the same period last year. The HEYDUDE Brand is expected to contract (19%) to (17%) compared to the same period last year. In the full year of 2024, Crocs ( NASDAQ:CROX ) expects revenue growth of 3% to 5% compared to 2023, with revenues for the Crocs Brand growing approximately 7% to 9% and revenues for the HEYDUDE Brand contracting (10%) to (8%). Adjusted operating margins are expected to be around 25%. Non-GAAP adjustments of approximately $28 million related to the implementation of a new enterprise resource planning ("ERP") system for HEYDUDE and costs to transition to the new distribution center in Las Vegas, Nevada. As of March 31, 2024, Crocs ( NASDAQ:CROX ) had $875 million remaining on its current share repurchase authorization. Technical Outlook Crocs ( NASDAQ:CROX ) stock is up 1.89% in Tuesday's Pre-market trading with a Relative Strength Index (RSI) of 50.17. After the earnings beat, and the appointment of Susan Healy as the EVP & Chief Financial Officer, Crocs ( NASDAQ:CROX ) stock is poised for an upside gap due to the fundamentals. Gappers are formed in a chart when there is no trading activity but the stock rises in value causing an upside or downside gap as a result of a major event such as an earnings beat and quarterly reports, etc. Longby DEXWireNews3
#CROX STOCK BULLISH / LONGCROX STOCK LONG, LONG FORM $132.86 Which was touched on after hours on 04/04/2024 THOMAS DEMARK 2 HIGH POINTS STRATEGY ON WEEKLY CHART! LONG FORM $132.86 STOP LOSS $123.17 TAKE PROFIT $471 #crox #stockoptions #croxstockLongby abovez0071
The CrocsElliott believed that every action is followed by a reaction. Thus, for every impulsive move, there will be a corrective one. The first five waves form the impulsive move, moving in the direction of the main trend. The subsequent three waves provide the corrective waves.Longby Esmail_from_Kuwait_2022221
Giant ABCDE W4 triangleIn line with my general expectation of a consolidation coming across the board until the end of Q2, Crocs may be building this giant Wave 4 triangle, finishing in and around June (?) looking into a 6x from the E wave low. by BelaK113
Double your honey !!!Alright bullish earnings and it popped up. Easy 200+. Buy now and sell when it hits that green line. Have your SL at 102. Longby babu_trader1
Crocs Stock Breaks Out on Strong Earnings and Resilient OutlookCrocs Inc. ( NASDAQ:CROX ) recently stunned investors with its fourth-quarter earnings report, surpassing expectations despite headwinds from the HeyDude brand and broader economic uncertainties. As the company charts a course for continued growth in 2024, let's delve into what's propelling Crocs to new heights and why investors should take notice. Unveiling Resilience Amid Challenges: Despite challenges posed by declining HeyDude sales and a sluggish wholesale market, Crocs ( NASDAQ:CROX ) showcased its resilience in the face of adversity. The company reported a 2.6% decline in adjusted earnings per share for the fourth quarter, beating analyst estimates by a wide margin. Moreover, Crocs' ( NASDAQ:CROX ) GAAP earnings surged a remarkable 89%, signaling robust underlying strength in its business operations. Key Highlights from the Earnings Report: Crocs ( NASDAQ:CROX ) reported a revenue increase of 1.6% to $960 million, slightly edging out forecasts despite a slowdown in growth momentum. Notably, direct-to-consumer sales saw a healthy uptick of 6.8%, underscoring the strength of Crocs' brand and its ability to connect directly with consumers. However, wholesale revenues experienced a modest decline of 4.6%, reflecting ongoing challenges in the broader retail landscape. The Road Ahead: As Crocs ( NASDAQ:CROX ) looks ahead to 2024, the company remains cautiously optimistic about its growth prospects. Despite forecasting a slight decline in revenue for the first quarter, management maintained its full-year outlook, expecting a 3% to 5% increase in revenue driven primarily by a solid performance from its flagship Crocs ( NASDAQ:CROX ) brand. Additionally, the company anticipates flat to slightly higher sales for the HeyDude brand, signaling a potential turnaround in the coming quarters. Investor Sentiment and Market Response: Investors welcomed Crocs' ( NASDAQ:CROX ) stellar performance, sending its stock soaring 8% higher in early trading following the earnings release. With shares poised to break out from their first base in nearly a year, Crocs has positioned itself as a standout performer in a volatile market environment. Despite a minor pullback earlier in the week, Crocs' ( NASDAQ:CROX ) stock has rallied nearly 16% since the beginning of the year, buoyed by strong earnings and optimistic guidance. Conclusion: In an era marked by uncertainty and rapid change, Crocs ( NASDAQ:CROX ) has proven to be a steady anchor for investors seeking stability and growth. With a solid earnings report under its belt and a resilient outlook for the year ahead, Crocs ( NASDAQ:CROX ) is primed to continue its upward trajectory. As the company navigates evolving market dynamics and capitalizes on emerging opportunities, investors would be wise to keep a close eye on this footwear giant as it charts its course for success in 2024 and beyond.Longby DEXWireNews1
CROX Crocs Options Ahead of EarningsIf you haven`t sold CROX before the previous earnings: Then analyzing the options chain and the chart patterns of CROX Crocs prior to the earnings report this week, I would consider purchasing the 107usd strike price Puts with an expiration date of 2024-2-16, for a premium of approximately $3.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.Shortby TopgOptions1
Crocs (NASDAQ: $CROX) Strides into 2024 with Record Revenues Crocs, Inc. (NASDAQ: NASDAQ:CROX ) is making waves in the footwear industry, with a recent surge of over 20% in its stock value following the announcement of impressive early 2023 results. The company's CEO, Andrew Rees, revealed that 2023 was a robust year for Crocs, marked by a successful holiday season and notable market share gains for both the Crocs and Hey Dude brands. Record-Breaking Performance in 2023: Crocs projects a record-breaking revenue of approximately $3.95 billion for the full year 2023, showcasing a remarkable 11% growth compared to the previous year. This exceeds the company's earlier guidance of 10% to 11% growth. The Crocs brand itself achieved a remarkable milestone by surpassing the $3 billion mark, experiencing growth exceeding 13%, while Hey Dude contributed approximately $949 million in revenues. Financial Strength and Debt Reduction: A key highlight of Crocs' performance is its strong free-cash flow generation, enabling the company to pay down a substantial $277 million in net debt during the fourth quarter of 2023. The full-year debt paydown amounted to an impressive $665 million. Such financial stability positions Crocs favorably for strategic investments and long-term growth. 2024 Outlook and Strategic Initiatives: Looking ahead to 2024, Crocs anticipates a continued positive trajectory with revenue growth projected at 3% to 5% compared to 2023. The Crocs brand is expected to drive this growth, with an estimated 4% to 6% increase, while Hey Dude's revenues are projected to remain flat to slightly up. CEO Andrew Rees emphasized the company's commitment to reinvesting its best-in-class margins into focused strategic investments. Notable initiatives include strong franchise management for the Crocs brand, introducing new products in 2024, including a promising new sandal franchise. Global growth, particularly in Asia, is anticipated, along with the expansion of Hey Dude's omnichannel strategy through the development of its outlet business. Operational Efficiency and Margin Targets: Crocs not only exceeded its fourth-quarter revenue expectations but also raised its full-year 2023 non-GAAP operating margin target to in excess of 27%. This reflects the company's operational efficiency and disciplined financial management. Looking into 2024, Crocs expects further gross margin improvement over 2023, with plans to reinvest these gains into brand accretive and strategic SG&A investments. The result is an anticipated non-GAAP operating margin of approximately 25% for 2024. Conclusion: Crocs, Inc. is undoubtedly on a trajectory of success, backed by robust financial performance, debt reduction, and a strategic vision for the future. Investors and footwear enthusiasts alike have reason to be optimistic as Crocs continues to innovate, expand its market presence, and position itself for long-term, durable growth in 2024 and beyond.Longby DEXWireNews112
crox weakness vs qqqLooking for the drop on $CROX. Flow is good and showing downside potential CROX is very weak vs QQQShortby OakFDom0
Who Says Crocs Aren't Sexy?CROX is now up over 16% MTD, after being down as much as 17%. While it certainly wouldn't have the same growth expectations as something like the tech sector, the company still seems to be fundamentally sound with pretty consistent YoY increasing revenue, along with massive profit margins and returns on equity. A short-term reversal may be in order based on today's price action (gap up, new high, and quick reversal from its intraday high to close toward the middle of the day's range), but the long-term setup looks very interesting for those who have the patience to sit through the meat of this move. Longby thisbemax3
CROX - Finally made the U-turn. 17% - 85%CROX finally made the U-Turn just in time for December. Currently CROX is 17% away from filling the previous price gap. CROX is approx. 82% away from recent all-time highs. Price is above the 200 day EMA and the 50 day EMA is trending upwards. Crocs are very popular shoes that will probably be under a lot of trees this Holiday season.Longby PortfolioBuildersClub1
Time to go back downPrice is facing tons of resistance. I think is going back to the support blue line. I just bought some puts as shown. Also we have a double top that is pushing the price down.Shortby ArturoL0
CROX - Change in Trend and repeating history?Every time CROX closed above the range with high volume, a uptrend followed. Will it be the same this time? Fundamentally, they say, CROX is a steal. Indeed, if I check the numbers and ratings, it shows me that CROX seem to be a really solid Company. Although my prior analysis pointed to the Abyss, I now are more interested in a LT buy in CROX. Let's wait for a high volume close above the range and then take a ride.Longby Tr8dingN3rd1
Crocs, Inc. (NASDAQ:CROX) Unravel The Hidden Gem(NASDAQ:CROX) Headquartered in Broomfield, Colorado, Crocs, Inc. (NASDAQ:CROX) engages in the footwear and accessories business. Crocs, Inc. (NASDAQ:CROX) stock closed at $96.84 per share. One-month return of Crocs, Inc. (NASDAQ:CROX) was -6.68%, and its shares gained 32.62% of their value over the last 52 weeks. Crocs, Inc. (NASDAQ:CROX) has a market capitalization of $5.97 billion. Along with Exact Sciences, notable adds in the quarter included Twist Bioscience, Saia and Crocs, Inc. (NASDAQ:CROX). Crocs designs, develops, manufactures and distributes casual footwear and accessories for men, women and children. The company invented the molded plastic Clog in 2002 and has turned it into a $3 billion global revenue base. We believe expansion opportunities outside the US, demand from new product introductions (including from recently acquired Hey Dude) and distribution pushes within the direct-to-consumer and wholesale channels will drive greater-than-expected revenue growth. Given the company’s small market share, just 1% of the global footwear industry, we believe it has a long runway for growth. Price Momentum CROX is trading near the bottom of its 52-week range and below its 200-day simple moving average. Investors have been pushing the share price lower, and the stock still appears to have downward momentum. This is a buy opportunity for prudent investors.Longby DEXWireNews1
A deep dive into CROCS companyHello, Crocs, Inc. engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand. According to their website below are the things that you should look at before investing in CROCS A Global, Scale Leader in Casual Footwear >$3 billion of annual sales Aligned with global megatrends such as casualization and personalization Two Iconic Brands The unmistakable Classic Clog of the Crocs Brand recognized around the world The “Good to Go-To” comfort of HEYDUDE. Some of the cushiest, comfiest, airiest, featheriest, lightest shoes on Earth. Strong Financial Profile Sustainable, profitable revenue growth Industry-leading adjusted operating margin of 26%+ Robust free cash flow generation Experience & Skills Management team with deep industry experience and essential skills The Q2 2023 Highlights are as below • Revenues of $1,072 million, +12% CC(1) ◦ Crocs Brand revenues of $833M, +15% CC(1) ▪ Asia revenues up +39% CC(1) ▪ DTC comparable sales growth +20% ▪ North America revenues +13% CC(1) driven by sandals and new product introductions ◦ HEYDUDE Brand revenues of $239M, +3% CC(1) ▪ DTC growth of +30% CC(1) ▪ Digital growth of +37% CC(1) • Adjusted diluted EPS +11% to $3.59 per share(2) • Gross leverage was 1.8x at quarter end, allowing us to repurchase $50M of shares in July • Crocs, Inc. was named to the Time100 Most Influential Companies of 2023 I will be looking for buy of this stock at around USD 55.02 areas with a target of USD 146 per share. Good luck & Happy Investing.by thesharkke1
CROCS Stock Chart Fibonacci Analysis 100123 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 85/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci61804
CROX - 75% loss target.This is just for fun and observation, and has absolutely no statistical background, nor any proven "anything" §8-) So, what do we have here? 1. The pattern. The expanding pivot pattern is very known in the trading world of the Forkers. Personally I don't use it very often in my trading to carve any decision making facts out of it. Others I know relay heavily on it. 2.There was 75% drop in the first leg. My thought is, that because the pattern repeats on the second leg, the drop could also repeat. Same here, no proven facts, just tinfoil. The only point in this second 75% drop I see is, that it's near the prior low, which could be a target for short sellers. However, let's just observe it and put our tinfoil on §8-) Happy Sunday folks.Shortby Tr8dingN3rdUpdated 554
CROX - CROCS - deeper pullback than expected but ready to run?CROCS is still looking to test the all-time high after this much deeper than expected pullback? Price retraced back about 61.8% which usually indicates that price will begin to find some support and then reverse. Keep an eye on CROCS in the news.Longby PortfolioBuildersClub111
$CROX - Sitting on a supportNASDAQ:CROX Crocs is currently sitting on the $91 support area. If the current support fails, it could see further pullback. Watch the following price levels for support and reversal: - $81 - $65 The $81 area should be a strong support, as it is also a 200-week moving average area. I will update the chart when the trend changes. Like and follow me for chart updates.by PaperBozz113
Going back downMassive double top and big rejection weekly candles. Price may pull back, if it does I will add to my short. I have a small short position at the moment, it could take a few weeks to drop.Shortby ArturoL1