On August 3, Crocs rose 5.03% in regular trading, trading at $135.0/share, with turnover of $15.10 million. The rebound was driven by UBS raising its price target from $107 to $120 while maintaining a neutral rating, combined with broad strength across the footwear sector.

The stock had fallen over 10% on July 30 after issuing weak Q3 guidance projecting roughly flat year-over-year revenue, despite Q2 adjusted EPS of $4.55 beating the consensus estimate of $4.34 and revenue of $1.179 billion surpassing the $1.148 billion estimate. The company also raised its full-year adjusted EPS guidance to $13.70-$14.00 and approved a $1.5 billion increase to its share buyback program. As the market digested the near-term headwinds and institutions continued adjusting targets upward, buying interest returned. BofA had previously raised its target to $160 on July 24, citing strengthening H2 momentum and new product launches.

Within the Footwear sector, Steven Madden gained 4.16%, On Holding AG rose 3.92%, Deckers Outdoor added 2.80%, Nike climbed 1.63%, while Birkenstock slipped 0.15%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)