Crocs Stock Climbs 29% On A 6-Day Winning Streak
Crocs (CROX) stock is on a 6-day winning streak, up 29.2% since the run began. That added about $1.6 billion to the company’s market value, which now stands at about $7.3 billion. The stock closed at $153.61 on Tuesday, November 3, its highest close of the past year.
How The Streak Stacks Up Against The S&P 500
Returns for CROX and the S&P 500 over the streak and the periods around it, all ending Tuesday, November 3 and including dividends:
| Return Period | CROX | S&P 500 |
|---|---|---|
| 1 Day | 0.3% | 0.4% |
| 6 Days (Current Streak) | 29.2% | -1.4% |
| 1 Month (21 Trading Days) | 30.0% | -2.6% |
| 3 Months (63 Trading Days) | 11.9% | -1.7% |
| Year To Date | 79.6% | 11.6% |
| 1 Year (252 Trading Days) | 88.0% | 11.9% |
A Stock-Specific Run, Or A Market Move?
Over the same 6 trading days, the S&P 500 returned -1.4% including dividends, so the run is mostly Crocs’ own story rather than the market’s. Over the past three months the stock is up 11.9%, a window that includes the streak; over the other 57 sessions of that window it was down 13.5%.
Is The Business Keeping Up With The Stock?
On the fundamentals, revenue grew 0.7% over the last twelve months, against a median of 7.4% for S&P 500 Consumer Discretionary stocks; its operating margin is 22.6%, versus a median of 14.9%; and the stock trades at 11.0 times trailing earnings against a median of 19.5. The read is mixed: margins above the median and a multiple below the median on one side, revenue growth below the median on the other.
If you are looking for strength with more behind it than a hot tape, our Guidance Momentum screen surfaces the names where management raised its own outlook.
One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
The Trefis High Quality (HQ) Portfolio answers it with breadth: roughly 30 businesses picked for consistent cash generation, strong margins, and balance-sheet strength, sized and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Follow the story; invest in the strategy.