Movement Alert|Crocs Intraday Rise 5.01%, UBS Raises Price Target After Strong Q3 and Higher Full-Year Outlook

Market Focus
Nov 09

On November 9, Crocs rose 5.01% in Regular Trading, trading at $159.2501/share, with turnover of $23.9515 million.

The most recent catalyst in public information was a sell-side target increase: UBS lifted its price target on Crocs to $145 from $120 while maintaining a Neutral rating, reinforcing attention on the company after its late-October earnings beat.

That earnings report showed adjusted Q3 EPS of $3.69 on revenue of $1.04 billion, both above consensus expectations. Crocs also raised its full-year adjusted EPS guidance to $14.45-$14.65 from $13.70-$14.00 and lifted its revenue growth outlook to about 3% from 1%-2%. Public reports also highlighted a rebound at HEYDUDE, with management indicating improved wholesale performance and a stronger brand outlook.

(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.)

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