Crocs (NASDAQ:CROX) Stock

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 are the United States and other Countries.

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With four factories in India, up from three last year, Crocs plans to scale up production and increase output by the end of the year.

Crocs Poised For Expansion, Analyst Counts China, India, Western Europe Among Biggest Growth Markets

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Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures. 

Stocks Rise Despite Hot Producer Inflation, Intel Soars, Bitcoin Drops Below $96,000: What&#39;s Driving Markets Thursday?

Crocs Inc

BofA Securities analyst Christopher Nardone reiterated a <a href="https://www.benzinga.com/quote/CROX/analyst-ratings">Buy rating</a> on the shares of footwear company Crocs Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a price forecast of $153.
The analyst still believes management can meet its goal of modestly growing Crocs N.A. sales in 2025. Key factors include management's positive outlook on a strong wholesale order book for the next six months, along with the analyst&#8217;s optimistic view of upcoming product innovations, which have already received favorable feedback from wholesale partners.
These innovations include the InMotion clog (currently available at a $60 price point), global and product expansions of popular sandal styles like the Getaway, Miami, and Brooklyn, a greater focus on slippers (primarily in the second half of the year), and continued growth in Jibbitz and collaborations (with a full pipeline for this year).
For N.A. sales growth this year, the analyst anticipates a decline in first-quarter across both channels, followed by a rebound in second-quarter. 
First-quarter will face challenges from the leap year, Easter shifting to second-quarter, and a tougher wholesale comparison, with brick-and-mortar stores showing strong double-digit growth in first-quarter 2024, said the analyst.
International sales will remain the primary driver of overall brand growth for Crocs in 2025 and beyond, the analyst noted.
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<h2 class="wp-block-heading">Crocs&#8217; Growth Markets </h2>
According to the analyst, the biggest growth markets for Crocs this year, in terms of dollar value, are expected to be China, India, and Western Europe, including the UK, Germany, and France.
In 2024, India posed a challenge for the company due to regulatory hurdles that hindered supply from meeting demand. However, as 2025 progresses, the company anticipates an improvement in the supply situation. 
With four factories in India, up from three last year, Crocs plans to scale up production and increase output by the end of the year. This expansion will enable quicker distribution of sandals in India, a key move given the strong demand for sandals in the market.
Heydude is still in the early stages of recovery. <a href="https://www.benzinga.com/25/02/43691979/crocs-smashes-q4-earnings-expectations-amid-strong-china-growth-stock-jumps">Fourth-quarter progress</a> was promising, with better-than-expected digital performance and a return to positive DTC growth, the analyst said.
The analyst expects gross margins in 2025 to be similar to last year. But there may be a slight decline, according to official guidance.
Management plans to increase marketing spending to 10% of sales in 2025, up from 9% in 2024. This includes more investment in both brands, with Heydude focusing on brand awareness. 
The analyst is encouraged by the recent partnerships, including Sydney Sweeney, Jelly Roll, and Travis Hunter. Crocs will also boost influencer spending and maintain focus on Tier-1 markets.
HeyDude&#8217;s continued progress will drive multiple growth, the analyst added. Also, the company&#8217;s cash flow potential is undervalued.
Price Action: Crocs shares are trading higher by 0.25% at $109.15 at the last check Friday.
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Disclosed on February 20, ADAM MICHAELS, EVP at Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: MICHAELS's decision to sell 15,000 shares of Crocs was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001334036/000133403625000011//Archives/edgar/data/1334036/000133403625000011/0001334036-25-000011-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $1,600,324.
As of Thursday morning, Crocs shares are down by 0.88%, currently priced at $109.97.
<h3>All You Need to Know 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 are the United States and other Countries.
<h3>Crocs's Financial Performance</h3>
Revenue Growth: Over the 3 months period, Crocs showcased positive performance, achieving a revenue growth rate of 3.09% as of 31 December, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 57.88%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Crocs's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 6.4.
</li>
</ul>
Debt Management: Crocs's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.93, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 6.99 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): With an EV/EBITDA ratio lower than industry averages at 7.1, Crocs could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Unmasking the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes 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
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

ADAM MICHAELS Implements A Sell Strategy: Offloads $1.60M In Crocs Stock

UBS analyst Jay Sole maintains Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Neutral and raises the price target from $122 to $132.

UBS Maintains Neutral on Crocs, Raises Price Target to $132

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>DA Davidson raised Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) price target from $131 to $170. DA Davidson analyst Tom White maintained a Neutral rating. Airbnb shares closed at $141.04 on Thursday. <a href="https://www.benzinga.com/quote/ABNB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham cut the price target for Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) from $200 to $195. Needham analyst Charles Shi maintained a Buy rating. Applied Materials shares closed at $184.27 on Tuesday. <a href="https://www.benzinga.com/quote/AMAT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods raised American International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) price target from $87 to $90. Keefe, Bruyette &amp; Woods analyst Meyer Shields maintained an Outperform rating. AIG shares closed at $76.40 on Thursday. <a href="https://www.benzinga.com/quote/AIG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised the price target for Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) from $280 to $400. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Coinbase shares closed at $298.11 on Thursday. <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt raised the price target for CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) from $415 to $445. Rosenblatt analyst Catharine Trebnick maintained a Buy rating. CyberArk shares closed at $414.31 on Thursday. <a href="https://www.benzinga.com/quote/CYBR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised Palomar Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLMR#NASDAQ">PLMR</a>) price target from $133 to $150. Piper Sandler analyst Paul Newsome maintained an Overweight rating. Palomar shares settled at $125.04 on Thursday. <a href="https://www.benzinga.com/quote/PLMR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) price target from $125 to $122. Barclays analyst Adrienne Yih maintained an Overweight rating. Crocs shares closed at $110.05 on Thursday. <a href="https://www.benzinga.com/quote/CROX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs raised MKS Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) price target from $128 to $129. Goldman Sachs analyst Toshiya Hari maintained a Neutral rating. MKS Instruments shares closed at $103.84 on Thursday.  <a href="https://www.benzinga.com/quote/MKSI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies raised the price target for Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) from $105 to $145. Jefferies analyst Samad Samana maintained a Hold rating. Twilio shares settled at $147.28 on Thursday. <a href="https://www.benzinga.com/quote/TWLO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities increased Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) price target from $90 to $120. B of A Securities analyst Ruplu Bhattacharya maintained a Buy rating. Roku shares closed at $86.80 on Thursday. <a href="https://www.benzinga.com/quote/ROKU/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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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 $125 to $122.

Barclays Maintains Overweight on Crocs, Lowers Price Target to $122

B of A Securities analyst Christopher Nardone maintains Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Buy and raises the price target from $144 to $153.

B of A Securities Maintains Buy on Crocs, Raises Price Target to $153

<h3>Gainers</h3>
<ul>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) stock moved upwards by 126.4% to $0.57 during Thursday's pre-market session. The company's market cap stands at $21.2 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) stock moved upwards by 36.24% to $0.62. The market value of their outstanding shares is at $5.7 million. </li>
<li>Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) shares increased by 30.58% to $84.5. The company's market cap stands at $9.6 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares increased by 23.87% to $110.04. The company's market cap stands at $6.4 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Lotus Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) stock rose 18.3% to $2.65. The market value of their outstanding shares is at $1.7 billion. </li>
<li>Autozi Internet Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZI#NASDAQ">AZI</a>) stock moved upwards by 11.65% to $0.69. The company's market cap stands at $73.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hanesbrands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) shares declined by 23.9% to $5.84 during Thursday's pre-market session. The market value of their outstanding shares is at $2.0 billion. The company's, Q4 earnings came out today. </li>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) shares declined by 16.55% to $0.34. The company's market cap stands at $8.1 million. </li>
<li>Sacks Parente Golf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPGC#NASDAQ">SPGC</a>) stock decreased by 12.82% to $0.64. The company's market cap stands at $5.6 million. </li>
<li>Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) stock decreased by 8.09% to $5.8. The market value of their outstanding shares is at $607.5 million. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock fell 8.01% to $1.38. The company's market cap stands at $5.2 million. </li>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) stock decreased by 6.96% to $0.74. The market value of their outstanding shares is at $14.9 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

BROS

CURV

FTEL

MGOL

SPGC

12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) has outperformed the market over the past 5 years by 10.78% on an annualized basis producing an average annual return of 23.35%. Currently, Crocs has a market capitalization of $6.37 billion. 
Buying $1000 In CROX: If an investor had bought $1000 of CROX stock 5 years ago, it would be worth $2,856.02 today based on a price of $109.30 for CROX at the time of writing.
<h3>Crocs's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739477721_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Crocs 5 Years Ago Would Be Worth Today

Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43692996/inflation-fears-mount-as-producer-prices-soar-to-35-put-fed-interest-rate-cut-on-ice">over persistent inflationary pressures. </a>
Despite the hotter-than-expected PPI reading—up 3.5% year-over-year in January, surpassing the 3.3% forecast—investors found some relief in certain PPI components that influence the Federal Reserve's preferred inflation gauge, which showed signs of <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43701823/economists-breathe-sigh-of-relief-why-producer-inflation-isnt-as-bad-as-it-seems">cooling compared to December.</a>
Investor risk appetite remained supported by expectations of ceasefire talks in Ukraine following a conversation between former President Donald Trump and Russian President Vladimir Putin a day earlier. 
By midday trading in New York, all major indices were in positive territory, with technology stocks leading the gains. Among semiconductor stocks, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) continued to rally, surging 10% after strong performances in prior sessions. 
The U.S. chipmaker benefited from renewed buying momentum following comments from Vice President J.D. Vance, who indicated that the Trump administration plans to ease regulations to accelerate AI chip innovation in the U.S.
Intel has now soared over 27% this week, tracking its best weekly performance since 1974. 
The U.S. dollar extended its decline as Treasury yields pulled back sharply, reversing Wednesday&#8217;s surge.
In commodities, gold edged up 0.4% to $2,918 per ounce, oil remained steady at $71 per barrel, and natural gas surged 2.4% to $3.66 per million British thermal units. 
Sentiment in cryptocurrency markets remained subdued, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sliding 2.4% to trade below $96,000.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,903.94</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,088.51</td>
<td>0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,493.13</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,261.64</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.6% to $606.89.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.3% to $445.18.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.9% to $532.98.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.4% to $224.58.</li>
<li>The&nbsp;Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 1.1%; the&nbsp;Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.2%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to company earnings reports included:
<ul>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>): up 2.05%</li>
<li>Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>): down 7.8%</li>
<li>Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>): down 2.5%</li>
<li>American Electric Power Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>): down 0.6%</li>
<li>Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>): down 1.9%</li>
<li>Moody's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>): up 2.9%</li>
<li>Deere &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>): down 1.5%</li>
<li>PPL Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>): down 1.8%</li>
<li>MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>): up 17.9%</li>
<li>Paycom Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>): flat</li>
<li>HubSpot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>): up 1.6%</li>
<li>Lincoln Electric Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>): up 11.7%</li>
<li>Curtiss-Wright Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>): down 0.5%</li>
<li>West Pharmaceutical Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>): down 34%</li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>): up 1.1%</li>
<li>DTE Energy Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>): up 2.4%</li>
<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): up 19.9%</li>
<li>Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>): down 8.8%. </li>
</ul>
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Photo: Ryan DeBerardinis via Shutterstock

Stocks Rise Despite Hot Producer Inflation, Intel Soars, Bitcoin Drops Below $96,000: What's Driving Markets Thursday?

Needham analyst Tom Nikic reiterates Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) with a Buy and maintains $129 price target.

Needham Reiterates Buy on Crocs, Maintains $129 Price Target

U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Thursday.
Shares of Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter <a href="https://www.benzinga.com/news/earnings/25/02/43676276/robinhood-q4-earnings-highlights-record-revenue-eps-beat-analyst-estimates-crypto-revenue-up-700">financial results</a>.
Robinhood reported fourth-quarter revenue of $1.01 billion, up 115% year-over-year and a new company record. The revenue figure beat a Street consensus estimate of $944.62 million, according to data from Benzinga Pro. The company reported record quarterly earnings per share of $1.01, beating a Street consensus estimate of 43 cents per share.
Robinhood shares jumped 11.9% to $62.56 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares jumped 33.7% to $509.14 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.</li>
<li>Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) gained 30.6% to $84.55 following better-than-expected quarterly financial results. D Securities and Wedbush raised their respective price targets on the stock.</li>
<li>SBC Medical Group Holdings Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NASDAQ">SBC</a>) gained 28.5% to $6.63. The company recently announced it will invest one billion yen into Bitcoin.</li>
<li>Pagaya Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) climbed 27% to $14.97 following upbeat quarterly results.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares jumped 22% to $7.89 following quarterly results.</li>
<li>DNOW Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) shares gained 21.9% to $17.20 following strong quarterly earnings.</li>
<li>The Manitowoc Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) shares jumped 20.3% to $11.76 following fourth-quarter results.</li>
<li>Sable Offshore Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOC#NYSE">SOC</a>) gained 19.5% to $29.25.</li>
<li>Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) gained 18.7% to $11.80 after reporting upbeat quarterly results.</li>
<li>Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) rose 18.7% to $32.99 after the company reported better-than-expected quarterly financial results.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) gained 18.4% to $105.20 following strong fourth-quarter earnings and upbeat guidance.</li>
<li>Palomar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLMR#NASDAQ">PLMR</a>) rose 16% to $126.48 following upbeat earnings.</li>
<li>MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) gained 14.3% to $39.27 after the company reported better-than-expected quarterly financial results.</li>
<li>Lincoln Electric Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) rose 13.3% to $219.72 following better-than-expected Q4 financial results.</li>
<li>Hims &amp; Hers Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NASDAQ">HIMS</a>) gained 13.3% to $52.40.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rose 9.9% to $24.71.</li>
<li>Service Corporation International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCI#NYSE">SCI</a>) rose 9.3% to $83.12 following better-than-expected Q4 financial results.</li>
<li>Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) gained 9% to $23.95 after the company reported a year-over-year increase in third-quarter financial results.</li>
<li>HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) gained 7.7% to $846.00 following stronger-than-expected results.</li>
<li>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) gained 7.1% to $92.03 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance with its midpoint above estimates.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) gained 6.3% to $648.75 following quarterly results.</li>
</ul>
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<li> <a href="https://www.benzinga.com/25/02/43693447/top-wall-street-forecasters-revamp-coinbase-price-expectations-ahead-of-q4-earnings">Top Wall Street Forecasters Revamp Coinbase Price Expectations Ahead Of Q4 Earnings</a></li>
</ul>

CRSR

DNOW

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HOOD

IRDM

Sony Group Corporation American Depositary Shares

SONY

Robinhood, Gilead Sciences, Crocs, Lincoln Electric, HubSpot, GE HealthCare And Other Big Stocks Moving Higher On Thursday

Guidance

Politics

Crocs Exec Says Expect Share Of Enterprise Imports Into U.S. From China To Be About 15%, Exposure To Mexico Expected To Be Under 4%

Crocs Exec On U.S. Tariffs, Says Annual Outlook Embeds Tariffs On Imports From China, Mexico Imports

Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares are trading higher after the <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">company reported fourth-quarter results.</a>
Crocs registered quarterly adjusted earnings per share of $2.52, beating the street view of $2.26 as the Crocs brand exceeded expectations in North America, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43688580/crocs-inc-reports-record-2024-results-with-annual-revenues-of-4-1-billion-growing-4-over-2023" rel="noreferrer noopener">with strong growth in China accelerating</a>.
Quarterly sales of $989.773 million (up 3.1% year over year) outpaced the analyst consensus estimate of $961.92 million.
Crocs brand revenues grew 4.0% to $762 million, or 4.9% on a constant currency basis. Direct-to-consumer revenues rose 5.0% to $447 million, while wholesale revenues increased 2.7% to $315 million.
HEYDUDE&#8217;s total revenues remained flat at $228 million. Direct-to-consumer revenues grew 7.2% to $133 million, while wholesale revenues fell 8.6% to $95 million.
Also Read: <a target="_blank" href="http://benzinga.com/25/02/43688532/whats-going-on-with-d-wave-quantum-stock-today" rel="noreferrer noopener">What&#8217;s Going On With D-Wave Quantum Stock Today?</a>
Adjusted gross margin improved 220 basis points to 57.9% compared to 55.7%. Crocs reported an adjusted operating margin of 20.2% in the quarter, lower than 24.1% in the year-ago period.
&#8220;We generated exceptional operating cash&nbsp;flow of approximately&nbsp;$990 million, which enabled us to return value to shareholders through more than&nbsp;$550 million&nbsp;in share repurchases, while fortifying our balance sheet through the pay down of approximately&nbsp;$320 million&nbsp;of debt,&#8221; said&nbsp;Andrew Rees, Chief Executive Officer.
As of December 31, the company&#8217;s cash and cash equivalents&nbsp;were&nbsp;$180 million&nbsp;compared to&nbsp;$149 million in the year-ago period. Inventories&nbsp;were&nbsp;$356 million&nbsp;compared to&nbsp;$385 million.
Earlier this month, the company approved a&nbsp;$1.0 billion&nbsp;increase to our share repurchase authorization, after which approximately&nbsp;$1.3 billion&nbsp;remained available for future common stock repurchases.
Outlook: Crocs projects FY25 adjusted earnings per share between $12.70 and $13.15, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">surpassing the $12.58 estimate</a>.
Revenue growth is expected to be 2% &#8211; 2.5%, at currency rates as of&nbsp;February 10, 2025. Crocs brand is expected to grow about 4.5% in 2024, while HEYDUDE brand is projected to decline by 7% to 9%.
Susan Healy, Chief Financial Officer, added, &#8220;We expect operating margin to be approximately 24.0% for 2025, and beyond this year, we are committed to maintaining an annual operating margin at or above this level.&#8221;
For the first quarter, the company sees adjusted earnings per share of $2.38&nbsp;to&nbsp;$2.52 versus the $2.65 estimate.
Revenues are expected to be down approximately 3.5% year over year, at currency rates as of&nbsp;February 10, 2025. Crocs brand is expected to be flat to down 1%, while HEYDUDE brand is projected to decline by 14% to 16%.
Price Action: CROX shares are trading higher by 17.5% to $104.40 premarket at last check Thursday.
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<li> <a href="https://www.benzinga.com/markets/25/02/43686104/mitch-mcconnell-criticizes-trumps-tariff-plans-warns-of-potential-price-hike-big-lingering-concerns-for-american-industry-and-workers" target="_blank" rel="noreferrer noopener">Mitch McConnell Criticizes Trump's Tariff Plans, Warns Of Potential Price Hike: ‘Big, Lingering Concerns For American Industry And Workers'</a></li>
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Image via Shutterstock.

Earnings

Crocs Smashes Q4 Earnings Expectations Amid Accelerated China Growth; Stock Jumps

BROS: 29% &#x7C; <a href="https://www.benzinga.com//node/43689595">Dutch Bros shares are trading higher after TD Securities and Wedbush raised their respective price targets on the stock.</a>
&nbsp;
APP: 30% &#x7C; <a href="https://www.benzinga.com//node/43687660">AppLovin shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 revenue guidance above estimates.</a>
&nbsp;
CROX: 19% &#x7C; <a href="https://www.benzinga.com//node/43689267">Crocs shares are trading higher following strong Q4 earnings and upbeat guidance.</a>

Market-Moving News for February 13th

Crocs Says It Approved A $1B Increase To Share Repurchase Authorization Earlier This Month, After Which Approximately $1.3B Remained Available For Future Common Stock Repurchases

WIIM

Crocs shares are trading higher following strong Q4 earnings and upbeat guidance.

Crocs Sees FY25 Adjusted EPS Of $12.70-$13.15 Vs. $12.58 Estimate; Projects Revenue Growth Of Approximately 2%-2.5%

Crocs Brand Revenues Increased 4% YoY To $762M In Q4; HEYDUDE Brand Revenues Were Flat At $228M

<h3>Gainers</h3>
<ul>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares increased by 151.2% to $0.63 during Thursday's pre-market session. The market value of their outstanding shares is at $23.5 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) shares increased by 32.54% to $0.6. The company's market cap stands at $5.5 million. </li>
<li>Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) stock rose 24.24% to $80.4. The company's market cap stands at $9.1 billion. The company's, Q4 earnings came out yesterday. </li>
<li>SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>) stock moved upwards by 15.06% to $0.39. The market value of their outstanding shares is at $6.1 million. </li>
<li>Autozi Internet Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZI#NASDAQ">AZI</a>) stock moved upwards by 13.1% to $0.7. The company's market cap stands at $74.0 million. </li>
<li>Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) stock moved upwards by 10.81% to $98.44. The market value of their outstanding shares is at $5.7 billion. As per the news, the Q4 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sacks Parente Golf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPGC#NASDAQ">SPGC</a>) stock declined by 17.0% to $0.61 during Thursday's pre-market session. The market value of their outstanding shares is at $5.4 million. </li>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) shares declined by 12.59% to $0.35. The company's market cap stands at $8.5 million. </li>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) shares fell 9.35% to $0.73. The company's market cap stands at $14.5 million. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock decreased by 8.01% to $1.38. The company's market cap stands at $5.2 million. </li>
<li>Niu Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIU#NASDAQ">NIU</a>) stock fell 6.82% to $2.05. The company's market cap stands at $159.0 million. </li>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) shares fell 5.38% to $7.04. The company's market cap stands at $27.3 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.

RENT

Press Releases

CROX INVESTOR ALERT: Kirby McInerney LLP Notifies Crocs, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit

CROX FRAUD LAWSUIT: Crocs, Inc. Investors that Lost Money may have been affected by Fraud -- Contact BFA Law by March 24 Class Action Deadline (NASDAQ:CROX)

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Crocs, Inc.(CROX) Shareholders

Legal

Lowey Dannenberg Notifies Crocs, Inc. ("Crocs" or the "Company") (NASDAQ: CROX) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm

DEADLINE ALERT for FTAI, SQ, CROX, IAS: Law Offices of Howard G. Smith Reminds Investors of Opportunity to Lead Securities Fraud Class Actions

Crocs, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before March 24, 2025 to Discuss Your Rights – CROX

ROSEN, A LEADING LAW FIRM, Encourages Crocs, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CROX

CROX DEADLINE: Kessler Topaz Meltzer & Check, LLP Reminds Crocs, Inc. Investors of Deadline in Securities Fraud Class Action Lawsuit and Encourages Investors with Losses to Contact the Firm

CROCS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Crocs, Inc. - CROX

CROX CLASS ACTION DEADLINE: Crocs, Inc. Investors with Losses are Notified of Ongoing Lawsuit – Contact BFA Law by March 24 Deadline (NASDAQ:CROX)

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