Crocs Stock Surges Ahead of Market, Increases 0.8%
July 27, 2023
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Crocs ($NASDAQ:CROX) Inc. is a leading footwear company that designs, manufactures, distributes and markets casual lifestyle footwear and accessories. The rise in Crocs’ stock price can be attributed to the company’s diversification of its products and continued investment in digital marketing. Crocs Inc. has been able to capitalize on its strong brand recognition and iconic clog style to create a range of lifestyle footwear, apparel, and accessories for men, women, and children. This has allowed the company to stand out in the competitive footwear market and appeal to a broad consumer base. The company has also invested heavily in digital marketing initiatives to maintain its competitive edge.
Crocs has invested in social media campaigns, online advertising, and influencer partnerships to promote its products as well as creating its own e-commerce platform. These efforts have helped to further drive sales and profits for the company. Overall, Crocs’ stock has seen an impressive surge in the past few days, with its share price closing at $122.81 and representing an increase of 0.8%. With its strong brand recognition and commitment to digital marketing, Crocs Inc. is well-positioned to continue outperforming the stock market in the future.
Analysis
As GoodWhale, we have completed an analysis of CROCS‘s financials. According to our Star Chart, CROCS is strong in growth and profitability, but weak in its assets and dividend. We have classified CROCS as a ‘gorilla’, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its strength in growth and profitability, we believe that CROCS is an attractive investment opportunity for investors interested in long-term, value investing. Additionally, CROCS has a high health score of 8/10 with regard to its cashflows and debt, which signals its capability to sustain future operations even in times of crisis. Therefore, this could be a particularly attractive option for investors looking for a safe and secure stock option. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crocs. More…
| Total Revenues | Net Income | Net Margin |
| 3.78k | 616.94 | 16.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crocs. More…
| Operations | Investing | Financing |
| 681.84 | -107.21 | -622.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crocs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.6k | 3.63k | 15.62 |
Key Ratios Snapshot
Some of the financial key ratios for Crocs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 45.9% | 102.3% | 25.7% |
| FCF Margin | ROE | ROA |
| 15.6% | 67.9% | 13.2% |
Peers
Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.
– Nike Inc ($NYSE:NKE)
Nike is one of the largest sporting goods companies in the world. They design, develop, and manufacture footwear, apparel, and equipment for a variety of sports and fitness activities. Nike’s market cap as of 2022 is 138.47B. Their return on equity is 25.1%. Nike’s products are sold in over 190 countries worldwide.
– Skechers USA Inc ($NYSE:SKX)
Skechers USA Inc has a market cap of 5.44B as of 2022, a Return on Equity of 10.49%. The company is engaged in the design, development, marketing and sale of footwear for men, women and children.
– Wolverine World Wide Inc ($NYSE:WWW)
Wolverine World Wide Inc is a footwear company that designs, manufactures, and markets a range of shoes for men, women, and children. The company has a market cap of 1.3B as of 2022 and a Return on Equity of 18.81%. Wolverine World Wide is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol WWW. The company was founded in 1883 and is headquartered in Rockford, Michigan.
Summary
Investors have been bullish on Crocs in recent months, as the stock has outpaced the broader market. Crocs’ strong performance can be attributed to the successful launch of new products, like their LiteRide collection, as well as a strong online presence, and a focus on digital marketing. The company has also seen success in Europe, Asia, and the US, which is likely to contribute to further growth. Investors should consider whether now is the time to add Crocs to their portfolio.
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