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Crocs - Government Trades

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.

CROX

LULU

Select Sector SPDR-Consumer Discretionary

YETI



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BofA Securities maintains a Buy rating on Crocs, projecting strong Q3 earnings amid focus on North American sales trends post-Amazon transition.

What&#39;s In Store For Crocs Q3 Earnings? Analyst Eyes North America Trends

Crocs Inc

Crocs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NYSE">CROX</a>) short percent of float has risen 6.23% since its last report. The company recently reported that it has 4.54 million shares sold short, which is 9.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.11 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Crocs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734359417_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Crocs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Crocs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Crocs's peer group average for short interest as a percentage of float is 5.80%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Crocs's Recent Short Interest

Deep-pocketed investors have adopted a bearish approach towards Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CROX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Crocs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 38% leaning bullish and 53% bearish. Among these notable options, 2 are puts, totaling $387,000, and 11 are calls, amounting to $448,340.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $120.0 for Crocs during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Crocs's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Crocs's whale trades within a strike price range from $110.0 to $120.0 in the last 30 days. 
<h3>Crocs 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734107474_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CROX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$110.00</td>
<td>$279.5K</td>
<td>1.8K</td>
<td align="right">652</td>
</tr>
<tr>
<td>CROX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$110.00</td>
<td>$107.5K</td>
<td>1.8K</td>
<td align="right">652</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$17.3</td>
<td>$17.0</td>
<td>$17.0</td>
<td>$110.00</td>
<td>$52.7K</td>
<td>217</td>
<td align="right">221</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$17.0</td>
<td>$16.7</td>
<td>$17.0</td>
<td>$110.00</td>
<td>$49.3K</td>
<td>217</td>
<td align="right">166</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$17.3</td>
<td>$16.8</td>
<td>$17.0</td>
<td>$110.00</td>
<td>$45.9K</td>
<td>217</td>
<td align="right">54</td>
</tr>
</tbody>
</table>

<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>Current Position of Crocs</h3>
<ul>
<li>With a trading volume of 232,830, the price of CROX is down by -1.51%, reaching $111.24.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 62 days from now.</li>
</ul>
<h3>What The Experts Say On Crocs</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $135.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $116. 
&#x2A; An analyst from Guggenheim has revised its rating downward to Buy, adjusting the price target to $155. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Crocs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Unpacking the Latest Options Trading Trends in Crocs

<a href="https://wwd.com/pop-culture/new-fashion-releases/simone-rocha-crocs-collection-release-info-1236289939/">Crocs</a> is striving to become as prominent in accessories as it is in footwear.
WWD has learned that <a href="https://wwd.com/tag/crocs/">Crocs</a> has signed a multiyear licensing agreement with Concept One Accessories, the New York-based accessory firm, which will produce backpacks, handbags, totes, waist packs, cross-body bags and wallets.&nbsp;
<a href="https://wwd.com/business-news/human-resources/crocs-cfo-brand-president-michelle-poole-retires-1236160864/">Crocs</a> launched three molded-style bags this past summer in their brick-and-mortar and online stores, but will vastly build an accessories offer with the help of Concept One. Molded-style bags are those created using a mold for consistent design and details that can be hard to create by hand.
According to a statement from the two companies: "Similar to the brand's iconic Classic Clogs, the bags are uniquely designed to be a canvas for self-expression, with holes designed into the molds for adding Jibbitz charms. Concept One will be working with Crocs to expand the line into additional silhouettes, as well as using some of the brand's most popular prints and glitter finishes from its iconic footwear." Jibbitz are charms used for footwear to create individual looks.
"Crocs has been synonymous with molded footwear for years and has evolved into a lifestyle brand," Sam Hafif, chief executive officer of Concept One, said in a statement. "We began discussing a license agreement with Crocs earlier this year, and together shared a vision of having Crocs become as iconic in the bag category as it is in the footwear category.&nbsp;We love the core brand and are excited to work together to create even more product that enables self-expression."
Hafif added that the bags will be carried at Crocs retail stores, on crocs.com and will also be offered for wholesale distribution beginning early next year.
Founded in 1999, Concept One Accessories provides fashion accessories across all channels of distribution and has offices in New York, Mexico, the U.K. and China along with distribution partnerships in Canada, South Africa, Australia, Central and South America and the Middle East. The company has been steadily signing licensing deals, including most recently with <a href="https://wwd.com/tag/jason-wu/">Jason Wu</a>&nbsp;for an "aspirational" collection of handbags and small leather goods. The designer had been handling the production of his bags in-house and has decided to shift to licensing. Also this year, Concept One signed a deal to produce a line of soft accessories for&nbsp;<a href="https://wwd.com/tag/french-connection/">French Connection</a>, the contemporary lifestyle brand. In the last several years, the company has also partnered up with Tommy Bahama, FUBU, New Balance, Brooks Brothers, Smoke Rise and Fred Segal.
Crocs, based in Broomfield, Colo., is a leader in casual footwear. The company's brands include Crocs and HeyDude.
<a href="https://wwd.com/accessories-news/handbags/crocs-building-accessories-offering-through-licensing-deal-with-concept-one-1236760021/#:~:text=Crocs%20is%20striving%20to%20become,cross%2Dbody%20bags%20and%20wallets" title="https://wwd.com/accessories-news/handbags/crocs-building-accessories-offering-through-licensing-deal-with-concept-one-1236760021/#:~:text=Crocs%20is%20striving%20to%20become,cross%2Dbody%20bags%20and%20wallets">https://wwd.com/accessories-news/handbags/crocs-building-accessories-offering-through-licensing-deal-with-concept-one-1236760021/#:~:text=Crocs%20is%20striving%20to%20become,cross%2Dbody%20bags%20and%20wallets</a>.

'Crocs Building Accessories Offering Through Licensing Deal With Concept One' - WWD

In the preceding three months, 11 analysts have released ratings for Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Crocs and provided 12-month price targets. The average target is $145.45, accompanied by a high estimate of $182.00 and a low estimate of $110.00. Experiencing a 9.47% decline, the current average is now lower than the previous average price target of $160.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1733508176_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Crocs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Robert Drbul</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$155.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Needham</td>
<td>Announces</td>
<td>Buy</td>
<td>$116.00</td>
<td>-</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$110.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Robert Drbul</td>
<td>Guggenheim</td>
<td>Lowers</td>
<td>Buy</td>
<td>$155.00</td>
<td>$182.00</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$150.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Ashley Owens</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$122.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$180.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$125.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Robert Drbul</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$182.00</td>
<td>-</td>
</tr>
<tr>
<td>Ashley Owens</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$155.00</td>
<td>$149.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Crocs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Crocs compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Crocs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Crocs's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CROX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Crocs analyst ratings.</a>
<h2>All You Need to Know About Crocs</h2>
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>Crocs: Delving into Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Crocs displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 1.58%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Crocs's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.81%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Crocs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.83%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Crocs's ROA excels beyond industry benchmarks, reaching 4.24%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 1.03, Crocs faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 11 Analyst Ratings Have To Say About Crocs

Guggenheim analyst Robert Drbul reiterates Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Buy and maintains $155 price target.

Guggenheim Reiterates Buy on Crocs, Maintains $155 Price Target

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. 
Here's the list of options activity happening in today's session: 
<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>12/06/24</td>
<td>$355.00</td>
<td>$26.2K</td>
<td>11.1K</td>
<td>38.5K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$100.00</td>
<td>$53.9K</td>
<td>13.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>WSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$190.00</td>
<td>$27.1K</td>
<td>2.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>SHOO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$45.00</td>
<td>$55.0K</td>
<td>3.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>DAN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$12.00</td>
<td>$30.3K</td>
<td>13</td>
<td>1.0K</td>
</tr>
<tr>
<td>PVH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$115.00</td>
<td>$33.3K</td>
<td>980</td>
<td>545</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$32.00</td>
<td>$34.5K</td>
<td>2.1K</td>
<td>449</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$97.00</td>
<td>$61.8K</td>
<td>335</td>
<td>243</td>
</tr>
<tr>
<td>CPNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$27.00</td>
<td>$26.2K</td>
<td>484</td>
<td>135</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$110.00</td>
<td>$88.0K</td>
<td>1.4K</td>
<td>127</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 2 day(s) on December 6, 2024. Parties traded 69 contract(s) at a $355.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $380.0 per contract. There were 11199 open contracts at this strike prior to today, and today 38566 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 44 day(s) on January 17, 2025. Parties traded 135 contract(s) at a $100.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $53.9K, with a price of $400.0 per contract. There were 13139 open contracts at this strike prior to today, and today 1565 contract(s) were bought and sold. 
• For WSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on December 20, 2024. This event was a transfer of 68 contract(s) at a $190.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $400.0 per contract. There were 2211 open contracts at this strike prior to today, and today 1251 contract(s) were bought and sold. 
• For SHOO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>), we notice a put option trade that happens to be bullish, expiring in 16 day(s) on December 20, 2024. This event was a transfer of 1000 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $55.0K, with a price of $55.0 per contract. There were 3664 open contracts at this strike prior to today, and today 1008 contract(s) were bought and sold. 
• For DAN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>), we notice a put option trade that happens to be bearish, expiring in 198 day(s) on June 20, 2025. This event was a transfer of 202 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $150.0 per contract. There were 13 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), we notice a call option sweep that happens to be bearish, expiring in 16 day(s) on December 20, 2024. This event was a transfer of 71 contract(s) at a $115.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $470.0 per contract. There were 980 open contracts at this strike prior to today, and today 545 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option sweep with bullish sentiment. It expires in 44 day(s) on January 17, 2025. Parties traded 108 contract(s) at a $32.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $320.0 per contract. There were 2155 open contracts at this strike prior to today, and today 449 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on December 13, 2024. This event was a transfer of 220 contract(s) at a $97.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $61.8K, with a price of $281.0 per contract. There were 335 open contracts at this strike prior to today, and today 243 contract(s) were bought and sold. 
• Regarding CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we observe a put option sweep with bullish sentiment. It expires in 79 day(s) on February 21, 2025. Parties traded 72 contract(s) at a $27.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $365.0 per contract. There were 484 open contracts at this strike prior to today, and today 135 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 call option trade with bearish sentiment. It expires in 44 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $88.0K, with a price of $880.0 per contract. There were 1419 open contracts at this strike prior to today, and today 127 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CPNG

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SBUX

SHOO

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Needham analyst Tom Nikic initiated coverage on Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Buy rating and <a href="https://www.benzinga.com/quote/FL/analyst-ratings" target="_blank" rel="noreferrer noopener">a price forecast of $27</a>.
The analyst writes that Foot Locker is positioned for an earnings recovery in 2025, with improvements expected from a strengthened Nike, Inc partnership, growth in non-Nike brands, recent SG&amp;A investments, and the recovery of merchandise margins.
Despite a current lull post-back-to-school, the analyst expects trends to pick up after Thanksgiving and is encouraged by a recent consumer survey indicating strong holiday interest in sneakers.
Nikic notes that Foot Locker faced challenges due to Nike&#8217;s decision to reduce high-demand product supply but believes Nike&#8217;s shift to increase product allocations to Foot Locker starting in the fourth-quarter of 2024 will drive positive sales growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/11/42144102/california-has-the-finest-weed-in-the-world-says-lab-expert-and-how-to-save-its-struggling-market" rel="noreferrer noopener">California Has The Finest Weed In The World, Says Lab Expert, And How To Save Its Struggling Market</a>
Additionally, Foot Locker is benefiting from expanding Hoka and On availability, along with strengthened relationships with brands like Adidas AG, New Balance, Crocs, Inc., and UGG.
The analyst explains that Foot Locker&#8217;s EBIT margin was significantly lower last year compared to pre-COVID levels and is only expected to see modest improvement in FY24 due to aggressive long-term growth investments.
However, as spending tapers off next year, Foot Locker is expected to leverage these investments to expand margins.
Additionally, with merchandise margins still over 300bps below pre-COVID levels, there is further opportunity for gross margin improvement, Nikic adds.
The analyst projects the company to report FY24 revenues of $8.164 billion and earnings per share of $1.61.
Price Action: FL stock is up 1.67% at $22.83 at last check Friday.
Photo by Sorbis via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42140450/doj-targets-google-chrome-poll-shows-64-oppose-alphabet-breakup-youtube-seen-as-top-prize" target="_blank" rel="noreferrer noopener">DOJ Targets Google Chrome, Poll Shows 64% Oppose Alphabet Breakup: YouTube Seen As Top Prize</a></li>
</ul>

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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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>BEARISH</td>
<td>11/22/24</td>
<td>$350.00</td>
<td>$29.7K</td>
<td>23.6K</td>
<td>117.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$202.50</td>
<td>$53.1K</td>
<td>17.7K</td>
<td>16.6K</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$135.00</td>
<td>$76.3K</td>
<td>3.4K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MBLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$55.2K</td>
<td>1.8K</td>
<td>371</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$10.00</td>
<td>$27.6K</td>
<td>4.2K</td>
<td>311</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$420.00</td>
<td>$32.4K</td>
<td>635</td>
<td>68</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$302.5K</td>
<td>6</td>
<td>50</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$4900.00</td>
<td>$37.0K</td>
<td>1.1K</td>
<td>13</td>
</tr>
<tr>
<td>WSM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$180.00</td>
<td>$25.1K</td>
<td>14</td>
<td>12</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 67 contract(s) at a $350.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $434.0 per contract. There were 23682 open contracts at this strike prior to today, and today 117162 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 7 day(s) on November 29, 2024. Parties traded 443 contract(s) at a $202.50 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $53.1K, with a price of $120.0 per contract. There were 17717 open contracts at this strike prior to today, and today 16635 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on December 20, 2024. This event was a transfer of 270 contract(s) at a $135.00 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 $76.3K, with a price of $283.0 per contract. There were 3443 open contracts at this strike prior to today, and today 2477 contract(s) were bought and sold. 
• For MBLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), we notice a call option sweep that happens to be bearish, expiring in 420 day(s) on January 16, 2026. This event was a transfer of 97 contract(s) at a $20.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $570.0 per contract. There were 1864 open contracts at this strike prior to today, and today 371 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a call option sweep with bearish sentiment. It expires in 119 day(s) on March 21, 2025. Parties traded 150 contract(s) at a $10.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $185.0 per contract. There were 4230 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a call option trade with bullish sentiment. It expires in 119 day(s) on March 21, 2025. Parties traded 15 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $2160.0 per contract. There were 635 open contracts at this strike prior to today, and today 68 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 call option trade with bearish sentiment. It expires in 420 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $302.5K, with a price of $6050.0 per contract. There were 6 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we observe a call option trade with neutral sentiment. It expires in 56 day(s) on January 17, 2025. Parties traded 1 contract(s) at a $4900.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $37000.0 per contract. There were 1111 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold. 
• For WSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), we notice a put option trade that happens to be bearish, expiring in 175 day(s) on May 16, 2025. This event was a transfer of 11 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $2290.0 per contract. There were 14 open contracts at this strike prior to today, and today 12 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.

ABNB

BKNG

MBLY

RIVN

9 Consumer Discretionary Stocks Whale Activity In Today's Session

WIIM

Crocs shares are trading higher after Needham initiated coverage on the stock with a Buy rating and announced a price target of $116.

Needham analyst Tom Nikic 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 $116.

Needham Initiates Coverage On Crocs with Buy Rating, Announces Price Target of $116

Crocs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NYSE">CROX</a>) short percent of float has risen 7.88% since its last report. The company recently reported that it has 4.34 million shares sold short, which is 8.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Crocs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731609023_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Crocs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Crocs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Crocs's peer group average for short interest as a percentage of float is 5.80%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(CROX) - Analyzing Crocs's Short Interest

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Levi Strauss &amp; Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NASDAQ">LEVI</a>)</h3>
<ul>
<li>On Oct. 28, Levi Strauss named Dario Aguilar as Managing Director, Latin America. The company's stock fell around 11% over the past month and has a <a href="https://www.benzinga.com/quote/LEVI">52-week low of $13.94</a>.</li>
<li>RSI Value: 29.52&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>LEVI Price Action: Shares of Levi fell 0.7% to close at $16.86 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1">latest LEVI news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030649/image-125.png" alt="" class="wp-image-644619" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030649/image-125.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030649/image-125-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030649/image-125-768x723.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure>
<h3 class="wp-block-heading">Crocs Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Oct. 29, Crocs reported third-quarter financial results and lowered its revenue guidance related to the HEYDUDE Brand. 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. The company's stock fell around 27% over the past month and <a href="https://www.benzinga.com/quote/CROX">has a 52-week low</a> of $77.16.</li>
<li>RSI Value: 25.13</li>
<li>CROX Price Action: Shares of Crocs fell 0.9% to close at $101.98 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1">trend in CROX stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="925" height="852" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030754/image-126.png" alt="" class="wp-image-644621" style="width:676px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030754/image-126.png 925w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030754/image-126-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030754/image-126-768x707.png 768w" sizes="(max-width: 925px) 100vw, 925px" /></a></figure>
<h3 class="wp-block-heading">Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>)</h3>
<ul>
<li>On Oct. 24, Hasbro reported a third-quarter sales decline of 15% year-on-year to $1.281 billion, marginally missing the analyst consensus estimate of $1.295 billion. &#8220;We continue to execute our turnaround efforts and are poised to finish the year with improved profitability, cash flow and operational rigor,&#8221; said Gina Goetter, Hasbro&#8217;s Chief Financial Officer. The company's stock fell around 11% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/DHC">low of $42.70</a>.</li>
<li>RSI Value: 29.26</li>
<li>HAS Price Action: Shares of Hasbro fell 1.1% to close at $63.42 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1">breakout in HAS shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030905/image-127.png" alt="" class="wp-image-644623" style="width:601px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030905/image-127.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030905/image-127-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030905/image-127-768x722.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure>
<h3 class="wp-block-heading">American Eagle Outfitters Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>)</h3>
<ul>
<li>On Nov. 12, Jefferies analyst Corey Tarlowe maintained American Eagle with a Hold and lowered the price target from $22 to $19. The company's shares lost around 13% over the past month. The company's 52-week low is $73.04.</li>
<li>RSI Value: 15.92</li>
<li>AEO Price Action: Shares of American Eagle fell 1.5% to close at $17.94 on Tuesday.</li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1">AEO earnings reports</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030951/image-128.png" alt="" class="wp-image-644626" style="width:698px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030951/image-128.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030951/image-128-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13030951/image-128-768x727.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/11/41899303/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-in-q4">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4</a></li>
</ul>

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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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>BEARISH</td>
<td>11/08/24</td>
<td>$320.00</td>
<td>$25.7K</td>
<td>14.3K</td>
<td>217.0K</td>
</tr>
<tr>
<td>FIVE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$85.00</td>
<td>$43.7K</td>
<td>732</td>
<td>3.6K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$13.50</td>
<td>$57.4K</td>
<td>6.4K</td>
<td>2.1K</td>
</tr>
<tr>
<td>SONY</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$18.50</td>
<td>$47.1K</td>
<td>1.8K</td>
<td>1.7K</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$42.50</td>
<td>$43.4K</td>
<td>871</td>
<td>158</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$100.00</td>
<td>$26.8K</td>
<td>1</td>
<td>100</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$225.00</td>
<td>$29.3K</td>
<td>201</td>
<td>33</td>
</tr>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$1820.00</td>
<td>$53.0K</td>
<td>1</td>
<td>10</td>
</tr>
<tr>
<td>ANF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$70.00</td>
<td>$34.2K</td>
<td>1</td>
<td>4</td>
</tr>
<tr>
<td>BKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3800.00</td>
<td>$41.7K</td>
<td>20</td>
<td>3</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 197 contract(s) at a $320.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $131.0 per contract. There were 14389 open contracts at this strike prior to today, and today 217024 contract(s) were bought and sold. 
• For FIVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), we notice a put option trade that happens to be neutral, expiring in 7 day(s) on November 15, 2024. This event was a transfer of 162 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $270.0 per contract. There were 732 open contracts at this strike prior to today, and today 3637 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 700 contract(s) at a $13.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $57.4K, with a price of $82.0 per contract. There were 6444 open contracts at this strike prior to today, and today 2126 contract(s) were bought and sold. 
• Regarding SONY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), we observe a put option trade with neutral sentiment. It expires in 160 day(s) on April 17, 2025. Parties traded 725 contract(s) at a $18.50 strike. The total cost received by the writing party (or parties) was $47.1K, with a price of $65.0 per contract. There were 1895 open contracts at this strike prior to today, and today 1720 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a call option sweep that happens to be bullish, expiring in 105 day(s) on February 21, 2025. This event was a transfer of 119 contract(s) at a $42.50 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $365.0 per contract. There were 871 open contracts at this strike prior to today, and today 158 contract(s) were bought and sold. 
• For CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we notice a call option sweep that happens to be bullish, expiring in 315 day(s) on September 19, 2025. This event was a transfer of 15 contract(s) at a $100.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $1790.0 per contract. There were 1 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bullish, expiring in 280 day(s) on August 15, 2025. This event was a transfer of 11 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $29.3K, with a price of $2670.0 per contract. There were 201 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold. 
• Regarding MELI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), we observe a put option trade with bullish sentiment. It expires in 35 day(s) on December 13, 2024. Parties traded 10 contract(s) at a $1820.00 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $5300.0 per contract. There were 1 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• For ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we notice a call option trade that happens to be bearish, expiring in 798 day(s) on January 15, 2027. This event was a transfer of 4 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $8556.0 per contract. There were 1 open contracts at this strike prior to today, and today 4 contract(s) were bought and sold. 
• Regarding BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we observe a put option trade with bullish sentiment. It expires in 434 day(s) on January 16, 2026. Parties traded 3 contract(s) at a $3800.00 strike. The total cost received by the writing party (or parties) was $41.7K, with a price of $13930.0 per contract. There were 20 open contracts at this strike prior to today, and today 3 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FIVE

MELI

Sony Group Corporation American Depositary Shares

SONY

XPEV

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Editor&#8217;s note: This story has been updated to correct the name of the Bernstein analyst covering Ford. 
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/587386a45064ed0001b4b61b/lauren-lieberman">Barclays analyst Lauren Lieberman</a> downgraded the rating for Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) from Equal-Weight to Underweight and lowered the price target from $8 to $7. Coty shares closed at $7.43 on Wednesday. <a href="https://www.benzinga.com/quote/COTY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Sean Milligan downgraded Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Hold to Underperform and cut the price target from $93 to $61. Enphase Energy shares closed at $74.81 on Wednesday. <a href="https://www.benzinga.com/quote/ENPH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital analyst Laura Champine downgraded the rating for Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) from Buy to Hold and lowered the price target from $150 to $110. Crocs shares closed at $102.74 on Wednesday. <a href="https://www.benzinga.com/quote/CROX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein analyst Daniel Roeska downgraded Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) from Outperform to Market Perform and announced a price target of $11. Ford shares closed at $11.19 on Wednesday. <a href="https://www.benzinga.com/quote/F/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59009b5a0bd9910001e5f2aa/bradley-thomas">Keybanc analyst Bradley Thomas </a>downgraded the rating for Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) from Overweight to Sector Weight. Dollar Tree shares closed at $62.41 on Wednesday. <a href="https://www.benzinga.com/quote/DLTR/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying Ford stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07080339/image-76-1024x586.png" alt="" class="wp-image-635158" style="width:545px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07080339/image-76-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07080339/image-76-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07080339/image-76-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07080339/image-76.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More:
<ul>
<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom">Jim Cramer: This Financial Stock Is A Buy, Likes Broadcom</a></li>
</ul>

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>Piper Sandler boosted Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) price target from $271 to $351. Piper Sandler analyst Arvind Ramnani maintained an Overweight rating. Duolingo shares closed at $318.85 on Wednesday. See how other analysts view this stock.</li>
<li>B of A Securities cut the price target for Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) from $8 to $7. B of A Securities analyst Julien Dumoulin-Smith maintained an Underperform rating. Bloom Energy shares closed at $10.97 on Wednesday. <a href="https://www.benzinga.com/quote/BE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised the price target for Vertex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERX#NASDAQ">VERX</a>) from $45 to $60. Needham analyst Joshua Reilly maintained a Buy rating. Vertex shares closed at $49.76 on Wednesday. <a href="https://www.benzinga.com/quote/VERX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird increased McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) price target from $531 to $688. Baird analyst Eric Coldwell upgraded the stock from Neutral to Outperform. McKesson shares settled at $549.31 on Wednesday. <a href="https://www.benzinga.com/quote/BROS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen raised Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) price target from $47 to $53. TD Cowen analyst Andrew Charles maintained a Buy rating. Dutch Bros shares closed at $34.94 on Wednesday. <a href="https://www.benzinga.com/quote/BROS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities cut Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) price target from $49 to $43. Truist Securities analyst Neal Dingmann downgraded the stock from Buy to Hold. Devon Energy shares closed at $40.02 on Wednesday. <a href="https://www.benzinga.com/quote/DVN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Cantor Fitzgerald raised the price target for Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) from $152 to $167. Cantor Fitzgerald analyst Kristen Kluska upgradd the stock from Neutral to Overweight. Sarepta shares settled at $127.97 on Wednesday. <a href="https://www.benzinga.com/quote/SRPT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Leerink Partners raised Zymeworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYME#NASDAQ">ZYME</a>) price target from $10 to $25. Leerink Partners analyst Andrew Berens upgraded the stock from Market Perform to Outperform. Zymeworks shares closed at $15.61 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital slashed the price target for Crocs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NYSE">CROX</a>) from $150 to $110. Loop Capital analyst Laura Champine downgraded the stock from Buy to Hold. Crocs shares closed at $102.74 on Wednesday. <a href="https://www.benzinga.com/quote/CROX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods increased Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) price target from $18 to $21. Keefe, Bruyette &amp; Woods analyst Thomas McJoynt-Griffith downgraded the stock from Market Perform to Underperform. Lemonade shares closed at $29.29 on Wednesday. <a href="https://www.benzinga.com/quote/LMND/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom">Jim Cramer: This Financial Stock Is A Buy, Likes Broadcom</a></li>
</ul>

Loop Capital analyst Laura Champine downgrades Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) from Buy to Hold and lowers the price target from $150 to $110.

Loop Capital Downgrades Crocs to Hold, Lowers Price Target to $110

JOHN REPLOGLE, Director at Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), disclosed an insider purchase on October 30, based on a new SEC filing.
What Happened: REPLOGLE's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001334036/000133403624000161//Archives/edgar/data/1334036/000133403624000161/0001334036-24-000161-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, involves purchasing 2,240 shares of Crocs. The total transaction value is $252,221.
The latest update on Thursday morning shows Crocs shares down by 2.67%, trading at $108.6.
<h3>Delving into Crocs's Background</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 Milestones: Crocs's Journey</h3>
Revenue Growth: Crocs's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 1.58%. This signifies a substantial 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.
Exploring Profitability:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 59.63%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Crocs's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 3.38.
</li>
</ul>
Debt Management: Crocs's debt-to-equity ratio stands notably higher than the industry average, reaching 1.03. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 7.92 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.62 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Crocs's EV/EBITDA ratio at 7.24 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Transaction Codes To Focus On</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001334036">Check Out The Full List Of Crocs's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Noteworthy Insider Activity: JOHN REPLOGLE Invests $252K In Crocs Stock

Guggenheim analyst Robert Drbul maintains Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Buy and lowers the price target from $182 to $155.

Guggenheim Maintains Buy on Crocs, Lowers Price Target to $155

Loop Capital analyst Laura Champine maintains Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Buy and lowers the price target from $155 to $150.

Loop Capital Maintains Buy on Crocs, Lowers Price Target to $150

Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) reported third-quarter financial results and lowered its revenue guidance related<a href="https://www.benzinga.com/quote/CROX/earnings"> to the HEYDUDE Brand on Tuesday.</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 $858 million, or 7.9% on a constant currency basis. HEYDUDE Brand revenues decreased 17.4% to $204 million.
"We have sharpened our strategy around HEYDUDE as we work to create higher brand relevance through our product and marketing initiatives," said Andrew Rees, Chief Executive Officer. "HEYDUDE'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."
For the fourth quarter, the company sees adjusted diluted earnings per share of $2.20 to $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% – 8% decline).
Crocs shares fell 0.8% to trade at $110.69 on Wednesday.
These analysts made changes to their price targets on Crocs following earnings announcement.
<ul>
<li>Baird analyst Jonathan Komp maintained Crocs with an Outperform and lowered the price target from $190 to $180.</li>
<li>UBS analyst Jay Sole maintained the stock with a Neutral and lowered the price target from $146 to $122.</li>
<li>Keybanc analyst Ashley Owens maintained Crocs with an Overweight and cut the price target from $155 to $150.</li>
<li>Raymond James analyst Rick Patel downgraded the rating for Crocs from Outperform to Market Perform.</li>
</ul>
Considering buying CROX stock? Here&#8217;s what analysts think: 
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Entertainment

Press Releases

HEYDUDE Announces Sydney Sweeney as their Global Spokesperson

Crocs Announces Industry Leading Sustainability Milestone as the Brand Reaches 25% Bio-Circular Croslite Material Across Its Entire Product Portfolio

Crocs Launches the Keep It Going Classic Clog Made with 25% Recycled Material from Consumers' Well-Loved Shoes

Squishmallows x Crocs Footwear & Accessories Available Now!

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

From Pet Crocs to a Life-Sized Crocs Costume, Croctober Makes Fans' Wildest Dreams a Reality

Crocs, Inc. Announces Conference Call to Review Third Quarter 2024 Earnings Results

BARK and Crocs Unleash Highly Anticipated Crocs for Dogs

Crocs, Inc. Reports Better-Than-Expected Third Quarter Results And Adjusts Full Year 2024 Outlook


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