On November 14, Crocs rose 4.16% in Regular Trading, trading at $163.365, with turnover of $119 million.

The move coincided with a recent analyst price target increase to $145 while maintaining a Neutral rating, extending the constructive tone that followed the company’s stronger-than-expected third-quarter results and raised full-year outlook.

In the latest quarterly report, Crocs posted adjusted EPS of $3.69 on revenue of $1.04 billion, both above consensus. Management raised full-year adjusted EPS guidance to $14.45-$14.65 from $13.70-$14.00 and lifted expected annual revenue growth to about 3% from 1%-2%. The company also said it now expects full-year HEYDUDE revenue to be flat year over year, improved from its earlier expectation for a decline, supporting the view that pressure at the brand may be stabilizing.

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