La cadena de opciones muestra datos clave de las opciones de acciones de Crocs a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Crocs..

Crocs (NASDAQ:CROX) Bolsa, Cadena de Opciones

Crocs

Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include the Americas, Asia Pacific, and EMEA.

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CROX

NFLX

SIRI

Insiders venden acciones en Crocs, Netflix, Brown &amp; Brown, y Sirius XM tras la subida del Nasdaq 100. ¿Señal de alerta?

Netflix, Crocs y otras 2 acciones que los insiders están vendiendo

Crocs Inc

CROCS ORD

Barclays analyst Adrienne Yih maintains Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Overweight and lowers the price target from $164 to $125.

News

Price Target

Analyst Ratings

Barclays Maintains Overweight on Crocs, Lowers Price Target to $125

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$260.00</td>
<td>$26.0K</td>
<td>10.6K</td>
<td>86.7K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$190.00</td>
<td>$28.7K</td>
<td>27.7K</td>
<td>3.3K</td>
</tr>
<tr>
<td>ETSY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$40.00</td>
<td>$123.0K</td>
<td>1.9K</td>
<td>1.1K</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$61.00</td>
<td>$65.6K</td>
<td>846</td>
<td>869</td>
</tr>
<tr>
<td>MOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$155.00</td>
<td>$56.0K</td>
<td>56</td>
<td>588</td>
</tr>
<tr>
<td>HGV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$35.00</td>
<td>$50.0K</td>
<td>3.5K</td>
<td>510</td>
</tr>
<tr>
<td>TCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$65.00</td>
<td>$100.0K</td>
<td>567</td>
<td>403</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$290.00</td>
<td>$45.2K</td>
<td>359</td>
<td>310</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$330.00</td>
<td>$65.2K</td>
<td>1.0K</td>
<td>303</td>
</tr>
<tr>
<td>CROX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$115.00</td>
<td>$32.6K</td>
<td>41</td>
<td>124</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on November 1, 2024. Parties traded 56 contract(s) at a $260.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $465.0 per contract. There were 10693 open contracts at this strike prior to today, and today 86702 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bullish sentiment. It expires in 17 day(s) on November 15, 2024. Parties traded 34 contract(s) at a $190.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $845.0 per contract. There were 27700 open contracts at this strike prior to today, and today 3329 contract(s) were bought and sold. 
• Regarding ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we observe a put option trade with bullish sentiment. It expires in 52 day(s) on December 20, 2024. Parties traded 1000 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $123.0K, with a price of $123.0 per contract. There were 1954 open contracts at this strike prior to today, and today 1177 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on November 1, 2024. This event was a transfer of 250 contract(s) at a $61.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $65.6K, with a price of $263.0 per contract. There were 846 open contracts at this strike prior to today, and today 869 contract(s) were bought and sold. 
• For MOD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>), we notice a call option trade that happens to be bearish, expiring in 17 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $56.0K, with a price of $280.0 per contract. There were 56 open contracts at this strike prior to today, and today 588 contract(s) were bought and sold. 
• Regarding HGV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HGV#NYSE">HGV</a>), we observe a put option trade with bullish sentiment. It expires in 52 day(s) on December 20, 2024. Parties traded 500 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $100.0 per contract. There were 3572 open contracts at this strike prior to today, and today 510 contract(s) were bought and sold. 
• Regarding TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we observe a call option sweep with bullish sentiment. It expires in 52 day(s) on December 20, 2024. Parties traded 200 contract(s) at a $65.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $100.0K, with a price of $500.0 per contract. There were 567 open contracts at this strike prior to today, and today 403 contract(s) were bought and sold. 
• Regarding MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we observe a put option sweep with bullish sentiment. It expires in 143 day(s) on March 21, 2025. Parties traded 45 contract(s) at a $290.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $45.2K, with a price of $1005.0 per contract. There were 359 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold. 
• Regarding RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), we observe a call option sweep with bearish sentiment. It expires in 80 day(s) on January 17, 2025. Parties traded 24 contract(s) at a $330.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $65.2K, with a price of $2720.0 per contract. There were 1011 open contracts at this strike prior to today, and today 303 contract(s) were bought and sold. 
• Regarding CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on November 8, 2024. Parties traded 82 contract(s) at a $115.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.6K, with a price of $398.0 per contract. There were 41 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

ETSY

TCOM

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

<h3>Gainers</h3>
<ul>
<li>VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares moved upwards by 23.7% to $21.06 during Tuesday's regular session. The market value of their outstanding shares is at $8.1 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Alta Global Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) stock moved upwards by 19.21% to $2.73. The company's market cap stands at $28.6 million. </li>
<li>GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) shares moved upwards by 9.48% to $1.5. The market value of their outstanding shares is at $229.0 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares increased by 8.78% to $2.18. The company's market cap stands at $11.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares decreased by 34.5% to $0.1 during Tuesday's regular session. </li>
<li>Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) stock decreased by 18.32% to $112.77. The market value of their outstanding shares is at $6.6 billion. As per the press release, Q3 earnings came out today. </li>
<li>Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) shares declined by 18.03% to $132.16. The company's market cap stands at $4.0 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Pinstripes Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNST#NYSE">PNST</a>) shares declined by 14.05% to $0.82. The company's market cap stands at $41.5 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) stock fell 14.0% to $3.17. The company's market cap stands at $7.6 million. </li>
<li>SAG Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAG#NASDAQ">SAG</a>) shares fell 11.54% to $4.91. The market value of their outstanding shares is at $48.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BOOT

CJET

CTNT

DBGI

GPRO

PNST

10 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session

Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares are trading lower after the company reported third-quarter financial results and lowered its revenue guidance <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41595245/crocs-inc-reports-better-than-expected-third-quarter-results-and-adjusts-full-year-2024-outlook" rel="noreferrer noopener">related to the HEYDUDE Brand</a>.
The company reported adjusted earnings per share of $3.60 (+11%), beating the street view of $3.10. Quarterly revenues of $1.062 billion (+2%) beat the analyst consensus of $1.05 billion.
Crocs Brand revenues increased 7.4% to&nbsp;$858 million, or 7.9% on a constant currency basis. HEYDUDE Brand revenues decreased 17.4% to&nbsp;$204 million.
&#8220;We have sharpened our strategy around HEYDUDE as we work to create higher brand relevance through our product and marketing initiatives,&#8221; said&nbsp;Andrew Rees, Chief Executive Officer. &#8220;HEYDUDE&#8217;s recent performance and the current operating environment are signaling it will take longer than we had initially planned for the brand to turn a corner.&#8221;
North America revenues rose 2.1% to $491 million, while international revenues increased 15.5% to $367 million.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41408427/whats-in-store-for-crocs-q3-earnings-analyst-eyes-north-america-trends" rel="noreferrer noopener">What&#8217;s In Store For Crocs Q3 Earnings? Analyst Eyes North America Trends</a>
Direct-to-consumer (DTC) revenues increased by 4.4% (4.6% when adjusting for currency). Wholesale revenues fell by 1.4% (0.9% when adjusting for currency).
The gross margin rose to 59.6%, up from 55.6%. The adjusted gross margin also improved by 220 basis points to 59.6%, compared to 57.4% the prior year.
At the end of the quarter, the company had $186 million in cash and cash equivalents. Inventories decreased to $367 million, down from $390 million a year earlier.
Outlook: For the fourth quarter, the company sees adjusted diluted earnings per share of&nbsp;$2.20&nbsp;to&nbsp;$2.28 versus $2.72 estimate. Revenues are expected to remain flat or increase slightly year over year. The Crocs brand is projected to grow by about 2%, while the HEYDUDE brand is expected to decline by 4% to 6%.
FY24 revenue growth is expected to be around 3% (the lower end of the previous 3% to 5% guidance), with Crocs brand growth at approximately 8% (prior view: 7% to 9%) and HEYDUDE brand revenue down about 14.5% (worse than the previous expectation of a 10% &#8211; 8% decline).
Crocs has narrowed its 2024 adjusted EPS forecast to between $12.82 and $12.90 versus the $12.86 estimate versus the previous range of $12.45 to $12.90.
Capital expenditures are now projected to be between $90 million and $100 million, down from the previous guidance of $100 million to $110 million.
Price Action: CROX shares are trading lower by 17.4% to $114.09 premarket at last check Tuesday.
Image via Pexels
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41597492/mcdonalds-q3-earnings-revenue-and-profit-beat-global-comp-sales-dip-no-mention-of-e-coli-impact" target="_blank" rel="noreferrer noopener">McDonald&#8217;s Q3 Earnings: Revenue And Profit Beat, Global Comp Sales Dip, No Mention Of E.coli Impact</a></li>
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Earnings

Equities

Guidance

General

Crocs Shares Plunge After Q3 Earnings As HEYDUDE Brand Takes Longer To Turn The Corner

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) fell in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/10/41588309/transmedics-group-stock-sinks-on-q3-earnings-the-details">downbeat quarterly results</a>.
TransMedics reported quarterly earnings of 12 cents per share which missed the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $108.76 million which missed the analyst consensus estimate of $115.00 million.
TransMedics Group shares dipped 25.8% to $93.69 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) shares dipped 25.8% to $17.68 in pre-market trading after the company reported weak quarterly results and said it will not pay cash dividend for the third quarter.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.4% to $8.59 in pre-market trading after the company reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) shares fell 15.8% to $12.48 in pre-market trading after reporting third-quarter results</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined 11% to $26.27 after the company reported mixed third-quarter financial results.</li>
<li>Janus International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) fell 10.3% to $9.25 in pre-market trading after the company posted downbeat third-quarter results and lowered its sales forecast.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares fell 10.3% to $123.80 in pre-market trading following third-quarter results.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) dipped 10.1% to $26.20 in pre-market trading after gaining 14% on Monday.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares fell 8% to $165.87 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS and sales.</li>
<li>Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) fell 6% to $195.40 in pre-market trading following weak quarterly sales.</li>
</ul>
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</ul>

AMKR

CHKP

HLIT

TMDX

TransMedics Group Posts Weak Results, Joins Harmonic, Crocs, D.R. Horton And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares rose 20.4% to $20.5 during Tuesday's pre-market session. The market value of their outstanding shares is at $7.9 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Camping World Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>) shares moved upwards by 8.82% to $23.3. The market value of their outstanding shares is at $1.0 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Rave Restaurant Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAVE#NASDAQ">RAVE</a>) stock increased by 7.13% to $3.0. The company's market cap stands at $43.7 million. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares rose 5.95% to $1.05. The market value of their outstanding shares is at $300.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares declined by 26.7% to $0.11 during Tuesday's pre-market session. The company's market cap stands at $1.0 million. </li>
<li>Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) stock fell 10.91% to $123.0. The market value of their outstanding shares is at $7.3 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Yoshitsu Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) shares decreased by 10.1% to $0.46. The company's market cap stands at $19.4 million. </li>
<li>Inspirato (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) shares fell 10.0% to $3.6. The company's market cap stands at $36.1 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) shares fell 9.1% to $0.5. The company's market cap stands at $4.7 million. </li>
<li>D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) stock declined by 9.09% to $164.0. The market value of their outstanding shares is at $53.4 billion. As per the press release, Q4 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ISPO

NWTN

RAVE

TKLF

VEEE

10 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares moved upwards by 20.4% to $20.5 during Tuesday's pre-market session. The company's market cap stands at $7.9 billion. As per the press release, Q2 earnings came out yesterday. </li>
<li>Camping World Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>) shares increased by 8.82% to $23.3. The market value of their outstanding shares is at $1.0 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Rave Restaurant Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAVE#NASDAQ">RAVE</a>) stock rose 7.13% to $3.0. The market value of their outstanding shares is at $43.7 million. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares rose 5.95% to $1.05. The market value of their outstanding shares is at $300.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares decreased by 26.7% to $0.11 during Tuesday's pre-market session. The company's market cap stands at $1.0 million. </li>
<li>Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) stock fell 10.91% to $123.0. The market value of their outstanding shares is at $7.3 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Yoshitsu Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) stock declined by 10.1% to $0.46. The company's market cap stands at $19.4 million. </li>
<li>Inspirato (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) stock decreased by 10.0% to $3.6. The company's market cap stands at $36.1 million. The company's, Q3 earnings came out yesterday. </li>
<li>Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) stock fell 9.1% to $0.5. The company's market cap stands at $4.7 million. </li>
<li>D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares fell 9.09% to $164.0. The company's market cap stands at $53.4 billion. As per the news, the Q4 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SHPH: 91% &#x7C; <a href="https://www.benzinga.com//node/41595094">Shuttle Pharmaceuticals shares are trading higher after the company announced it finalized agreements with all six of the planned site enrollment locations to administer the Phase 2 clinical trial of Ropidoxuridine.</a>
&nbsp;
VFC: 23% &#x7C; <a href="https://www.benzinga.com//node/41595078">VF shares are trading higher after the company reported better-than-expected Q2 financial results.</a>
&nbsp;
CROX: -12% &#x7C; <a href="https://www.benzinga.com//node/41596386">Crocs shares are trading lower after the company reported Q3 financial results and lowered its revenue guidance related to the HEYDUDE Brand.</a>

SHPH

Market-Moving News for October 29th

WIIM

Crocs shares are trading lower after the company reported Q3 financial results and lowered its revenue guidance related to the HEYDUDE Brand.

Crocs Sees FY24 Revenue Growth Of 3% YoY (Lower End Of Prior Guidance Of 3%-5%); Revenues For The HEYDUDE Brand To Be Down Approximately 14.5%, Versus Prior Outlook Of Down 10%-8%

Crocs Sees FY24 Adjusted Diluted Earnings Per Share Of $12.82-$12.90 Vs. $12.86 Estimate (Prior View: $12.45-$12.90)

Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) reported quarterly earnings of $3.60 per share which beat the analyst consensus estimate of $3.10 by 16.13 percent. The company reported quarterly sales of $1.062 billion which beat the analyst consensus estimate of $1.050 billion by 1.16 percent. This is a 1.53 percent increase over sales of $1.046 billion the same period last year.

Earnings Beats

Crocs Q3 2024 Adj. EPS $3.60 Beats $3.10 Estimate, Sales $1.062B Beat $1.050B Estimate

Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Crocs to report an earnings per share (EPS) of $3.10.
Investors in Crocs are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.45 in the last quarter, leading to a 5.73% drop in the share price on the following day.
Here's a look at Crocs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3.56</td>
<td>2.23</td>
<td>2.36</td>
<td>3.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.01</td>
<td>3.02</td>
<td>2.58</td>
<td>3.25</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730127771_0.png" alt="eps graph" />
<h3>Market Performance of Crocs's Stock</h3>
Shares of Crocs were trading at $133.75 as of October 25. Over the last 52-week period, shares are up 55.33%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Crocs</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Crocs.
Crocs has received a total of 6 ratings from analysts, with the consensus rating as Outperform. With an average one-year price target of $166.33, the consensus suggests a potential 24.36% upside.
<h3>Comparing Ratings with Competitors</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Skechers USA, Birkenstock Holding and Steven Madden, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Skechers USA is maintaining an Buy status according to analysts, with an average 1-year price target of $80.83, indicating a potential 39.57% downside.</li>
<li>Birkenstock Holding is maintaining an Outperform status according to analysts, with an average 1-year price target of $68.38, indicating a potential 48.87% downside.</li>
<li>The consensus among analysts is an Neutral trajectory for Steven Madden, with an average 1-year price target of $45.0, indicating a potential 66.36% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary presents essential metrics for Skechers USA, Birkenstock Holding and Steven Madden, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Crocs</td>
<td>Outperform</td>
<td>3.65%</td>
<td>$681.92M</td>
<td>14.09%</td>
</tr>
<tr>
<td>Skechers USA</td>
<td>Buy</td>
<td>8.81%</td>
<td>$1.18B</td>
<td>4.50%</td>
</tr>
<tr>
<td>Birkenstock Holding</td>
<td>Outperform</td>
<td>19.35%</td>
<td>$335.93M</td>
<td>2.87%</td>
</tr>
<tr>
<td>Steven Madden</td>
<td>Neutral</td>
<td>17.57%</td>
<td>$217.13M</td>
<td>4.33%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Crocs ranks at the top for Revenue Growth among its peers. It is in the middle for Gross Profit. Crocs is at the top for Return on Equity.
<h3>About Crocs</h3>
Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include the Americas, Asia Pacific, and EMEA.
<h3>Financial Insights: Crocs</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Crocs displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 3.65%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 20.59%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 14.09%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Crocs's ROA stands out, surpassing industry averages. With an impressive ROA of 4.81%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 1.13, Crocs faces challenges in effectively managing its debt levels, indicating potential financial strain.
<a href="https://www.benzinga.com/quote/CROX/earnings">To track all earnings releases for Crocs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Crocs

Designed by BARK in collaboration with Crocs, the limited-edition matching dog and human shoes are bringing dogs and humans together for stylish walks and best-in-show fashion.
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbark.co%2F&amp;esheet=54140281&amp;newsitemid=20241023737156&amp;lan=en-US&amp;anchor=BARK&amp;index=1&amp;md5=513d5ff9fcbdb17399e64b8d0d4e7964">BARK</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>), the leading global omnichannel dog brand with a mission to make all dogs happy, today announced the release of the highly anticipated Pet Crocs, created in collaboration with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.crocs.com%2F&amp;esheet=54140281&amp;newsitemid=20241023737156&amp;lan=en-US&amp;anchor=Crocs&amp;index=2&amp;md5=c922f109c2e8c9bc7df2597a0dbf3b9a">Crocs</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>). New and current subscribers of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbark.co%2Fpages%2Fcrocs-for-dogs&amp;esheet=54140281&amp;newsitemid=20241023737156&amp;lan=en-US&amp;anchor=BarkBox&amp;index=3&amp;md5=3cbbc74ef228e36464d5840b554071a4">BarkBox</a>, a monthly themed surprise of toys and treats, and Super Chewer, a monthly subscription of tough toys for dogs who play harder, can add the shoes to their next box. Dog parents can also shop the matching human and dog shoes online at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.crocs.com%2Fp%2Fpet-crocs-boots%2F&amp;esheet=54140281&amp;newsitemid=20241023737156&amp;lan=en-US&amp;anchor=Crocs.com&amp;index=4&amp;md5=e759f2a2d9bd3fbbdc60e9dc8155398a">Crocs.com</a> and in select Crocs retail stores while supplies last.

BARK

BARK And Crocs Collaborate To Unleash Crocs For Dogs

BofA Securities analyst Christopher Nardone reiterated the Buy rating on Crocs, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>)<a target="_blank" href="https://www.benzinga.com/quote/CROX/analyst-ratings" rel="noreferrer noopener">, with a price objective of $179.</a>
The company said it will discuss the results of its third quarter on Tuesday, October 29. Nardone cites an attractive risk/reward for the stock that is pegged at a 10x P/E ratio.
The analyst projects third-quarter earnings per share (EPS) of $3.17, slightly exceeding the guidance range of $2.95 to $3.10 and 2% above consensus estimates.
This forecast includes a 5.8% growth in Crocs sales, surpassing the guidance of 3% to 5%, driven by strong international performance, while Heydude sales are expected to decline by 15%, in line with guidance.
Also Read:<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406623/netflix-should-continue-to-outperform-6-analysts-on-streaming-stocks-q3-earnings" rel="noreferrer noopener"> Netflix &#8216;Should Continue To Outperform&#8217;: 6 Analysts On Streaming Stock&#8217;s Q3 Earnings</a>
Nardone writes attention will be focused this quarter on trends in North America and whether the shift to direct-to-consumer (DTC) sales following the Amazon.com, Inc. transition in September will result in negative DTC trends.
Confirmation that North America sales are stable or modestly higher would alleviate concerns regarding what the analyst considers the main debate surrounding the stock.
In previous years, Crocs has adjusted its sales outlook upward (three times) and its margins (twice) in January compared to the initial fourth-quarter guidance.
The analyst forecasts another conservative forecast, projecting fourth-quarter earnings per share of $2.66, which would raise the fiscal 2024 EPS estimate to $12.86, aligning with the high end of the guidance range.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, CROX stock has gained over 62% in the past year. Investors can gain exposure to the stock via&nbsp;Advisors Series Trust VegTech Plant-based Innovation &amp; Climate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EATV#NYSE">EATV</a>)
and&nbsp;Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MVPA#NYSE">MVPA</a>).
Price Action: CROX shares are trading higher by 1.72% to $138.43 at last check Friday.
Image via Pexels
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41402089/goldman-sachs-highlights-20-top-short-squeeze-opportunities-for-q3-earnings-season" target="_blank" rel="noreferrer noopener">Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season</a></li>
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Analyst Color

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What's In Store For Crocs Q3 Earnings? Analyst Eyes North America Trends

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c2edb9b85e930001ba5412/robert-drbul">Guggenheim analyst Robert Drbul</a> initiated coverage on Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Buy rating and announced a price target of $182. Crocs shares fell 0.7% to close at $135.61 on Tuesday. <a href="https://www.benzinga.com/quote/CROX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst John Coffey initiated coverage on Shift4 Payments, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) with an Overweight rating and announced a price target of $120. Shift4 Payments shares gained 1.3% to close at $91.94 on Tuesday. <a href="https://www.benzinga.com/quote/FOUR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Ariel Rosa initiated coverage on ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral rating and announced a price target of $111. ArcBest shares gained 1.6% to close at $102.68 on Tuesday. <a href="https://www.benzinga.com/quote/ARCB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst Matt Niknam initiated coverage on Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) with a Hold rating and announced a price target of $22. Hewlett Packard shares gained 0.5% to close at $20.97 on Tuesday. <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen analyst Bill Kerr initiated coverage on Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) with a Buy rating and announced a price target of $38. Chewy shares closed at $29.52 on Tuesday. <a href="https://www.benzinga.com/quote/CHWY/analyst-ratings">See how other analysts view this stock</a>.</li>
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Considering buying CHWY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63-1024x519.png" alt="" class="wp-image-587724" style="width:671px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63-1024x519.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63-768x389.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09093216/image-63.png 1322w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Initiation

ARCB

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FOUR

This Chewy Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Guggenheim analyst Robert Drbul initiates coverage on Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Buy rating and announces Price Target of $182.

Guggenheim Initiates Coverage On Crocs with Buy Rating, Announces Price Target of $182

Crocs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crox#NASDAQ">CROX</a>) stock seems in a good spot since the past year, with shares rising more than 60%, comfortably outperforming the broader Consumer Discretionary sector&#39;s return of 18.5% and the Zacks Textile - Apparel industry&#39;s growth of 4.8% in the same period. CROX&#39;s shares have also surpassed the S&amp;P 500 index&#39;s appreciation of 34.3% in a year.
Currently priced at $136.54, CROX stock is trading at 17.4% to its 52-week high of $165.32, reached on June 20, 2024. However, it is trading at an 84.5% premium to its 52-week low mark.
<h2>CROX&#39;s Strategies Aid the Rally</h2>
The company has been gaining from solid consumer demand across its Crocs and HEYDUDE brands, backed by effective pricing actions. Strength in clogs, sandals and personalization is acting as a tailwind. CROX has built various successful franchises, focused on expanding new usage occasions to boost new and repeat purchases. The sandal category further strengthened as consumers gave positive feedback to its innovation.
Management continues to view personalization as a mega consumer trend, with the opportunity of expanding the Jibbitz penetration in 2024 via higher penetration within digital and wholesale channels, continuous product freshness innovation and advancement in market capabilities. The company has been evolving its partnership model to boost engagement and consumer love.
<h2>CROX&#39;s Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/80801.jpg?v=1226149498" />
Image Source: Zacks Investment Research
Crocs aims at solidifying the business in North America and developing Wendy and Wally as iconic franchises. The company brought new HEYDUDE partnerships to the market, which include Corona, a four-piece collection with the iconic beverage band, featuring Wally, Wendy and Hudson Styles. Its Lee partnership, Denim and Dudes, highlighted the first HEYDUDE collaboration with international reach.
Crocs is on track with its long-term strategy and key initiatives to deliver sustainable growth. Its growth strategy is focused on three key initiatives. The first key initiative is igniting icons to enhance brand awareness and relevance. The second is investing strategically in Tier 1 markets to drive market share gains via talent, marketing, digital and retail. The third initiative is diversifying the product range to attract new consumers.
<h2>Earnings Estimate Revisions Favor Crocs</h2>
The aforesaid catalysts have prompted analysts to remain optimistic about CROX. The Zacks Consensus Estimate for 2024 and 2025 earnings has been northbound. In the past 30 days, the consensus estimate for earnings per share has been revised 0.3% to $12.88 for 2024 and 0.2% to $14.00 for 2025.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/80815.jpg?v=687041234" />
Image Source: Zacks Investment Research
<h2>Unlocking CROX Stock&#39;s Valuation</h2>
Crocs stock is trading at an attractive valuation relative to the industry. Going by the price/earnings ratio, CROX&nbsp; is currently trading at 9.91 on a forward 12-month basis, lower than 12.68 of the industry. Also, the stock is trading lower than the S&amp;P 500 index&#39;s 21.69.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/80814.jpg?v=1442318185" />
Image Source: Zacks Investment Research
<h2>Final Words on CROX</h2>
CROX stock is performing well on the bourses given its solid strategic efforts including strength in its brands. Solid upward revisions in earnings estimates and attractive valuation for the stock seem encouraging as well.
To wrap up, Crocs seems to be an attractive investment bet given all the aforementioned positives. The company currently sports a Zacks Rank #1 (Strong Buy).
<h2>Other Solid Picks</h2>
We have highlighted three other top-ranked stocks, namely, G-III Apparel Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/giii#NASDAQ">GIII</a>), Royal Caribbean (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) and lululemon athletica (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>).
G-III Apparel is a manufacturer, designer and distributor of apparel and accessories under licensed brands, owned brands and private label brands. It sports a Zacks Rank of 1 at present.
GIII Apparel has a trailing four-quarter earnings surprise of 118.2%, on average. The Zacks Consensus Estimate for GIII Apparel&#39;s current financial-year sales indicates growth of 3.3% from the year-ago figure.
Royal Caribbean carries a Zacks Rank #2 (Buy) at present. RCL has a trailing four-quarter earnings surprise of 18.5%, on average.
The Zacks Consensus Estimate for RCL&#39;s 2024 sales and EPS indicates an increase of 18.2% and 70.9%, respectively, from the year-ago levels.
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for lululemon athletica&#39;s current financial-year sales and EPS indicates growth of 9.2% and 9.8%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 7.9%, on average.
<a href="https://www.zacks.com/stock/news/2347760/crocs-gains-on-brand-strength-other-efforts-apt-to-stay-invested?cid=CS-BENZ-FT-analyst_blog|rank_focused-2347760">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Small Cap

Management

GIII

LULU

Crocs Gains on Brand Strength & Other Efforts: Apt to Stay Invested?

The Multi-Genre Phenomenon is Set to Release His New Album, Beautifully Broken, October 11th
WESTWOOD, Mass., Oct. 8, 2024 /PRNewswire/ -- Today, HEYDUDE announces a partnership with singer, songwriter and philanthropist Jelly Roll as the brand continues its mission to encourage a movement of Dudes. The Grammy-nominated singer/songwriter's highly anticipated new album "Beautifully Broken" is set to be released October 11th as his current sold-out arena headlining tour makes its way across the country. Known for his therapeutically-minded music and unparalleled fan connection, Jelly Roll continues to challenge the status of his past, overcoming challenges like addiction and incarceration, while inspiring others through impactful storytelling both on and off stage to do the same.

HEYDUDE And Jelly Roll Launch Global Partnership Featuring Limited-Edition Design

While footwear manufacturers like Nike Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>), Crocs Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crox#NASDAQ">CROX</a>), and Skechers U.S.A. Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) stocks took hits with contracting sales due to weaker consumer spending, ON Holdings AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/onon#NYSE">ONON</a>) has been quietly making new highs trading up nearly 90% year-to-date (YTD). This consumer discretionary sector company&#39;s sneakers have an elastic demand appeal with runners.
<h2>On Holding&#39;s CloudTec Technology </h2>
From Deckers Outdoor Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) Hoka&#39;s &quot;Active Foot Frame&quot; and &quot;MetaRocker&quot; technology to Nike&#39;s &quot;Tensil Air&quot; and &quot;ReactX&quot; technology with carbon fiber plates and ZoomX foam, it seems every sneaker manufacturer has some proprietary technology that makes their shoes special.
On Holding&#39;s CloudTec technology is meant to make runners feel like they&#39;re walking on clouds. It&#39;s a Swiss-engineered cushioning technology comprised of cylindrical cloud parts located on the shoe&#39;s outsole that compress vertically and horizontally to absorb impact, providing a soft landing with each step.
It also has a rebounding effect that builds a propulsive force to propel the runner forward. It converts the kinetic energy generated by each landing into a powerful takeoff.
<h2>Unveiling LightSpray Technology </h2>
On Holding unveiled its LightSpray technology during the 2024 Paris Olympics. It&#39;s a revolutionary manufacturing process that takes three minutes to make each shoe. They are spray-on shoes. It uses a robotic arm that applies liquid polymer material onto an upper shoe mold, instantly solidifying on contact and creating a completely customized upper weight of only 30 grams with 75% less carbon emission. The technology eliminates seams, laces, tongue, and heel caps to improve comfort, reduce irritation, and create a shoe that weighs virtually nothing. Hellen Obiri wore LightSpray On shoes to win her second Boston Marathon in 2024.
<h2>Not Inventory Glut, But Inventory Shortage </h2>
Apparently, runners can&#39;t get enough, as On Holding has had to deal with inventory shortages, not&nbsp;inventory surpluses and glutes experienced by competitors. This also keeps On Holding&#39;s merchandise selling at full price, from $140 to $190 per pair of shoes, with very few promotions, which contributes&nbsp;to its margins.
<h2>Double-Digit Sales Growth in All Channels </h2>
On Holding reported its second quarter 2024 EPS of 16 cents, missing analyst estimates by 1 penny. Gross profit margin rose 40 bps to a hefty 59.95%, driven by full-price sales and lower freight costs. Revenue climbed an impressive 27.8% YoY to 635.2 million, beating analyst estimates of $628.52 million. Sales rose double-digits across all channels. Direct-to-consumer (DTC) sales rose 28.1% YoY. Wholesale revenue rose 27.6% YoY. Sales for the Americas rose 26.7% YoY. Asia Pacific sales rose 24.8% YoY.
<h2>Reiterating Double-Digit Guidance </h2>
On Holding reiterates its full-year expectations of at least 30% YoY net sales growth, 60% gross operating profit margin, and an adjusted EBITDA margin of 16% to 16.5% in constant currency. The focus will be on On&#39;s U.S. warehouse automation to scale its distribution capabilities in the United States to meet the outsized demand.
On Holding CEO and Co-Founder David Allemann commented, &quot;As mentioned, the strong brand momentum converts into strong demand for On across all our channels and partners. The ability to convert this momentum to sales, especially in the Americas region, would have been even higher. Still, the ongoing transition of our Atlanta warehouse led to some product availability constraints, including key franchises like the Cloud and delayed or missing deliveries both toward our D2C and wholesale customers.&quot;
<h2>ONON Stock Sets Up an Ascending Triangle </h2>
An ascending triangle is a bullish pattern comprised of a flat-top upper trendline resistance converging with an ascending lower trendline support at the apex point. The breakout occurs when the stock surges through the upper trendline resistance.
<img alt="ONON On Holdings stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240929175720_chartc-onon.jpg" style="height:756px; width:915px" />
ONON formed a flat-top upper trendline resistance at $52.06. The rising lower trendline support formed from higher lows on pullbacks. The ascending triangle breakout triggers above $52.06. The daily anchored VWAP support is at $47.09. The daily relative strength index (RSI) is flat around the 66-band. Fibonacci (Fib) pullback support levels are at $47.90, $43.47, $40.58, and $37.50.
On Holding&#39;s average consensus price target is $47.95, and its highest analyst price target&nbsp;is&nbsp;$60.00.&nbsp;Analysts have given it 18 Buy ratings and five Hold ratings.
Actionable Options Strategies: Bullish investors can buy on pullbacks using cash-secured puts at the fib pullback support levels to buy the dip and write covered calls to execute a wheel strategy for income.
Bullish options investors can take a bullish call debit spread for less capital than owning the stock while minimizing the downside with capped upside gains.
The article &quot;<a href="https://www.marketbeat.com/originals/up-90-and-still-running-on-holding-stocks-remarkable-climb/">Up 90% and Still Running: On Holding Stock&#39;s Remarkable Climb</a>&quot; first appeared on MarketBeat.

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Up 90% and Still Running: On Holding Stock's Remarkable Climb

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