Daiwa Securities Group Reduces Stake in Crocs,
August 4, 2023
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Crocs ($NASDAQ:CROX), Inc. is a well-known American footwear company that specializes in producing lightweight, comfortable, and stylish shoes. They are most popularly known for their signature clog designs. Recently, Daiwa Securities Group Inc. has decided to reduce the amount of Crocs, Inc. shares they held. This decision was made in response to the company’s recent lackluster performance and its inability to meet its expected growth targets. Despite the downturn in the stock, many investors remain optimistic about the future of the company.
Despite the decreased stake, Daiwa Securities Group Inc. still has one of the largest single ownership positions in Crocs, Inc., and remains confident that the company’s performance and stock value will eventually recover in the coming years. Analysts are expecting Crocs, Inc. to make changes in order to increase their future growth and performance in the face of challenging competition. It is important to keep an eye on the stock’s performance as the company works to improve its operations and ultimately increase its share value.
Stock Price
The stock opened at $108.5 and closed at $108.4, meaning the closing stock price was 0.2% higher than its previous closing price of 108.1. This news did not have a major impact on the market, with the stock staying relatively stable throughout the day. This news comes as many organizations, including Daiwa Securities Group, are reducing their exposure to the footwear industry due to its ongoing struggles in recent months. Crocs“>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crocs. More…
| Total Revenues | Net Income | Net Margin |
| 3.89k | 669.04 | 17.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crocs. More…
| Operations | Investing | Financing |
| 849.01 | -105.71 | -769.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crocs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.6k | 3.41k | 19.17 |
Key Ratios Snapshot
Some of the financial key ratios for Crocs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 48.4% | 102.1% | 26.9% |
| FCF Margin | ROE | ROA |
| 19.3% | 60.5% | 14.2% |
Analysis
At GoodWhale, we have conducted a detailed analysis of CROCS’s fundamentals, and our risk rating has determined that it is a high risk investment in terms of financial and business aspects. Upon further inspection of the balance sheet, cashflow statement, and financial journal, we have detected three distinct risk warnings that are worth noting. These warnings include a lack of sufficient liquidity, an increase in long-term debt, and a significant decrease in profits compared to previous years. If you would like to find out more about our analysis of CROCS’s financials, please register on goodwhale.com for access to more detailed information. More…
Peers
Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.
– Nike Inc ($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
Investing in Crocs, Inc. stock has proven to be a lucrative opportunity for some investors. Recently, Daiwa Securities Group Inc. reduced its position in Crocs, Inc shares, indicating that the stock may be overvalued at its current price. As an investor, it is important to conduct thorough research into the company before investing in its stock. This includes analyzing the company’s financials, studying the competitive landscape and evaluating its current and future prospects.
Additionally, investors should always be aware of potential risks associated with investing in a particular company, and should take into account factors such as company management, industry trends, and macroeconomic factors. Ultimately, by conducting thorough research and monitoring the stock’s performance, investors can make informed decisions regarding their investments in Crocs, Inc.
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