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Before the Bell: Futures Higher Ahead of Economic Data

U.S. stock futures are higher Tuesday morning ahead of housing-price and consumer-confidence data. Futures for the Dow Jones Industrial Average gained 30 points to 11,533, while those for the S&P 500 rose 3.10 points to 1,256. Futures for the Nasdaq 100 gained 3.75 points to 2,234.

A Peek into Global Markets

Positive sentiment ruled the European markets today. The STOXX Europe 600 Index has advanced 0.21%.

Asian markets ended in negative territory, with Japan's Nikkei Stock Average losing 0.61%, Australia's S&P/ASX 200 moving down 0.41% and China's Shanghai Composite dropping 1.74%.

Continue reading Before the Bell: Futures Higher Ahead of Economic Data

Bullish Bets Popular on Crocs Post-Earnings

Crocs (CROX) logoCrocs Inc. (CROX) tagged a new annual high last Friday after surpassing analysts' second-quarter earnings expectations. As a result, bullish option volume ramped up on the footwear firm. During the course of Friday's trading, about 13,000 calls changed hands on CROX, representing nearly six times the stock's expected daily volume.

The stock's September 15 call was a popular choice, with 1,649 contracts crossing the tape here -- 71% at the ask price, indicating they were purchased. Open interest at this strike rose over the weekend by 1,002 contracts, confirming that new long calls were added here on Friday.

Continue reading Bullish Bets Popular on Crocs Post-Earnings

Crocs: Not Dead Yet?

CROX logoCrocs (CROX - option chain) shares are rising today after the company reported Q2 2010 earnings last night, posting a profit of $32.28 million, or 37 cents per share, on revenue of $228 million. Analysts had forecast a profit of 22 cents per share on revenue of $220 million. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CROX.

CROX opened this morning at $13.99. So far today the stock has hit a low of $12.94 and a high of $14.00. As of 12:05, CROX is trading at $13.40 up 0.82 (6.5%). The chart for CROX looks bullish.

Continue reading Crocs: Not Dead Yet?

Can Crocs Continue Its Quest for New Highs?

On Thursday, the shares of Crocs, Inc. (CROX) shuffled to a new 52-week high for the second time in as many sessions. The equity topped out at $8.47 on an intraday basis, marking its best price since July 2008. But with the stock hovering near a 20-month peak, can the shares continue to climb -- or are they due for a pullback?

If today's drop of more than 2% is any indication, it seems that CROX's positive momentum is cooling. The stock's Relative Strength Index (RSI) stands at 63, not far from overbought territory, so this modest retreat isn't terribly surprising.

Continue reading Can Crocs Continue Its Quest for New Highs?

Earnings highlights: AIG, Caterpillar, Cisco, News Corp., Procter & Gamble ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: AIG, Caterpillar, Cisco, News Corp., Procter & Gamble ...

Crocs loses less than expected -- time to celebrate!

After the closing bell sounded yesterday, footwear firm Crocs (NASDAQ: CROX) reported second-quarter earnings, or should we say second-quarter loss -- yet the Street is ready to celebrate.

The foam footwear manufacturer reported a second-quarter loss of $30.3 million, or 36 cents per share. Taking a $34.8 million charge out of the equation, CROX would have lost a mere six cents per share. While these results are worse than those of a year ago, they managed to top Wall Street's expectations for a loss of 21 cents per share.

Continue reading Crocs loses less than expected -- time to celebrate!

The decline and fall of Crocs

crocs stock, croxDoes anyone here remember Crocs, Inc. (NASDAQ: CROX)?

It seems like only yesterday that you'd walk down the street and everywhere you looked, you saw those horribly ugly $30 sandals that were going to change the world.

Well, as it turned out, Crocs didn't change the world. They were just a fad. Crocs are nothing more than this decade's version of the hula hoop, the pet rock, Members Only jackets or the dearly beloved eight-track tape.

The Washington Post recently looked at the decline and fall of Crocs.

The colorful foam clogs appeared in 2002, just as the country was recovering from a recession. Brash and bright, they were a cheap investment (about $30) that felt good and promised to last forever. Former president George W. Bush wore them. Aerosmith lead singer Steven Tyler wore them. Your grandma wore them. They roared along with the economy, mocked by the fashion world but selling 100 million pairs in seven years.

In the space of about 16 months, shares of CROX jumped 600%! The stock did even better than Goldman Sachs (NYSE: GS) -- and no one had to bail them out. Now class, that brings me to today's investing lesson: How to know when you've made the dumbest investing mistake in the world.

Continue reading The decline and fall of Crocs

Crocs come to Ocean State Job Lot

Shares of Crocs (NASDAQ: CROX) have lost nearly all of their value over the past year, as the rubberized clog-like sandal shoe fad comes to a merciful end.

Adding to Crocs' problems was the proliferation of knockoffs being sold at discount stores and flea markets for a tiny fraction of what Crocs retailed for.

Continue reading Crocs come to Ocean State Job Lot

Crocs auditor raises a red flag

Not so long ago, Crocs Inc. (NASDAQ: CROX) was riding high as its rubberized clog-like sandal shoes were the hottest thing in retail.

Now the fad has died, sales have fallen through the floor, the economy has tanked and worst of all, the company's auditors have "expressed substantial doubt" about the "company's ability to continue as a going concern." Here's the full-text from the company's newly filed 10-K:

Continue reading Crocs auditor raises a red flag

Earnings highlights: Deere, HP, CBS, Playboy, Intuit, Whole Foods and more

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Deere, HP, CBS, Playboy, Intuit, Whole Foods and more

Crocs beats Q4 expectations, but don't be fooled ...

Crocs (NASDAQ: CROX) reported earnings for the fourth quarter after the market close on Thursday. The shares were up almost 10% on the news during the after-hours trading session since the footwear company beat expectations by a wide margin. But let me tell you something: I cannot imagine any sane investor wanting to risk his hard-earned capital on this stock. The numbers are just too dismal.

Wall Street was bracing for a loss of $0.56 per share in the fourth quarter. Well, Crocs did much better than that. It lost only $0.40 per share. Great, right? Yeah. Let's look at the top line: it declined by 43%. Does that put the earnings beat in perspective? I sure hope it does. How about the fact that gross margin went down to 44% compared to 56% in the year-ago period -- does that also lend some context?

Continue reading Crocs beats Q4 expectations, but don't be fooled ...

Earnings highlights: Walmart, Google, Intel, P&G, Sirius, Blackstone and others

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Walmart, Google, Intel, P&G, Sirius, Blackstone and others

Crocs -- as the fad is wearing off, so is the stock

I could never really see the charm in those horrid Crocs Inc. (NASDAQ: CROX) plastic footwear, so I never joined in the hype and wasn't part of that fun ride that Crocs shareholders enjoyed for a while. Crocs went public almost three years ago in February 2006. The stock has since split 2:1 in June 2007, peaked at $75.21 in October 2007, and yet today it trades under a dollar.

Crocs problems haven't started with the current economic slowdown; cheap knock-offs hurt sales and competitors marketed similar products. Not to mention the bad publicity Crocs had to manage following some injuries caused by Crocs getting caught in escalators.

Continue reading Crocs -- as the fad is wearing off, so is the stock

The week in preview: Macy's, Nordstrom, Abercrombie, JCPenney, and Kohl's

Update Nov. 26, 2008: See all 2008 Black Friday deals.

This week, some apparel and accessory producers and retailers offer a look at how they've been doing between early summer's economic stimulus spending and the coming holiday season. While Polo Ralph Lauren Corp. (NYSE: RL) reported higher earnings last week, Coldwater Creek Inc. (NASDAQ: CWTR), Eddie Bauer Holdings Inc. (NASDAQ: EBHI), Kenneth Cole Productions Inc. (NYSE: KCP), and K-Swiss Inc. (NASDAQ: KSWS) all reported net losses as consumers pulled back on spending over the summer due to higher fuel prices and other economic worries. The expectations of analysts surveyed by Thomson Financial for such companies scheduled to report this week don't look much different; i.e., a bright spot or two among lower expectations overall.

Hip retailer Urban Outfitters Inc. (NASDAQ: URBN) is expected to post earnings 22.9% higher than a year ago, to $0.35 per share, on revenue of $475.9 million (+26.4%). The Philadelphia-based company already said that same-store sales in the quarter were 10% higher. Urban Outfitters has beat expectations in recent quarters, by 11.5% in the previous quarter, and analysts on average recommend buying URBN. Shares fell to a 52-week low of $16.61 per share on Friday, and are down 29.5% from a year ago. Other companies expected to report more modest earnings growth in the coming week include watch and accessory maker Fossil Inc. (NASDAQ: FOSL), retail giant Wal-Mart Stores Inc. (NYSE: WMT), and TJX Companies Inc. (NYSE: TJX), parent of such discount retail chains as T.J. Maxx and Marshalls. These three companies have tended to top analysts estimates in recent quarters, and Fossil and TJX ended the week near their 52-week lows.

While Los Angeles-based American Apparel Inc. (AMEX: APP) had a strong second quarter, the casual wear maker is expected to report $0.13 per share earnings for the third quarter, the same as in the year-ago period. And analysts anticipate that Kohl's Corp. (NYSE: KSS) will report that profits fell 16.4% to $0.51 per share on revenue of $3.9 billion (+1.9%). Though same-store sales for October fell 9%, the Menomonee Falls, Wis.-based company reaffirmed its third-quarter forecast. Kohl's has offered positive surprises in recent quarters, topping estimates by 5.6% in the previous quarter. The consensus recommendation remains to buy KSS. Shares have been climbing after reaching a 52-week low in late October, but are still down 32.8% from a year ago.

Continue reading The week in preview: Macy's, Nordstrom, Abercrombie, JCPenney, and Kohl's

Crocs announces... absolutely nothing!

Shares of Crocs, Inc. (NASDAQ: CROX) have been in free fall since the end of November, when the stock hit an all-time high of $75.21.

After a guidance cut that sent the stock down about 50% last week, Crocs management are searching desperately for whatever it takes to get the stock to do something other than go down. Today's answer is a classic example of a garbage press release: Crocs, Inc. Announces New Retail Channel Strategy at World Shoe Association Trade Show in Las Vegas.

Crocs announced a "new retail channel strategy. . . designed to elevate the Crocs brand, create more cohesive product alignment for its retail partners and pave the way for its popular, comfortable shoes to be easily available in the wide variety of retail environments where its core customers shop."

What exactly does that entail? Crocs doesn't really elaborate. Maybe it has something to do with trying to get the products out of Costco Wholesale Corporation (NASDAQ: COST). The other part of the press release is the announcement of some new footwear styles -- upmarket Crocs priced anywhere from $54.99 to $69.99 for "a high performance boating shoe that combines Crocs lock H2O pods for advanced wet traction and the Crocs Exo-Frame that wraps the foot with a protective Croslite material shell for a supportive fit."

Guess investors aren't too excited: the stock is down nearly 9% as I write this.

Next Page >

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 03:59 AM

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