Top Growth Stocks To Invest In Right Now

Top Growth Stocks To Invest In Right Now: Crocs Inc.(CROX)

Crocs, Inc. and its subsidiaries engage in the design, development, manufacture, marketing, and distribution of footwear, apparel, and accessories for men, women, and children. The company primarily offers casual and athletic shoes, and shoe charms. It also designs and sells a range of footwear and accessories that utilize its proprietary closed cell-resin, called Croslite. The company?s footwear products include boots, sandals, sneakers, mules, and flats. In addition, it provides footwear products for the hospital, restaurant, hotel, and hospitality markets, as well as general foot care and diabetic-needs markets. Further, the company offers leather and ethylene vinyl acetate based footwear, sandals, and printed apparels principally for the beach, adventure, and action sports markets; and accessories comprising snap-on charms. The company sells its products through the United States and international retailers and distributors, as well as directly to end-user consumers th rough its company-operated retail stores, outlets, kiosks, and Web stores primarily under the Crocs Work, Crocs Rx, Jibbitz, Ocean Minded, and YOU by Crocs brand names. As of December 31, 2010, it operated 164 retail kiosks located in malls and other high foot traffic areas; 138 retail stores; 76 outlet stores; and 46 Web stores. Crocs, Inc. operates in the Americas, Europe, and Asia. The company was formerly known as Western Brands, LLC and changed its name to Crocs, Inc. in January 2005. Crocs, Inc. was founded in 1999 and is headquartered in Niwot, Colorado.

Advisors' Opinion:

• [By Ben Levisohn]

  Crocs (CROX) announced a number of moves–including an investment by Blackstone Group (BX) that could restore the bounce to its shares.

  AFP

  Bloomberg has the details on Crocs:

  Crocs Inc. rose as much as 14 percent in early trading after saying Chief Executive Officer John McCarvel will retire andBlackstone Group! LP will invest $200 million in the maker of colorful plastic clogs…

  The shoemaker said in a statement yesterday that it will use the funds from Blackstones investment in convertible preferred stock to increase share repurchases to $350 million. McCarvel will step down on or about April 30…

  Blackstone, based in New York, will be restricted from acquiring more than 25 percent of Crocs common shares until a time frame expires for appointing board directors, the shoe manufacturer said in a filing. Crocs said it will pay $2 million as a closing fee and reimburse as much as $4 million of Blackstones transaction fees and expenses once the preferred-stock sale is concluded.

  Sterne Agee’s Sam Poser and Ben Shamsian upgrade Croc’s shares to Neutral from Underperform. They explain why:

  The retirement of John McCarvel from his CEO post and from the board of Directors removes a large road block to success. Blackstones involvement (13% ownership upon conversion) may serve as a catalyst for positive change, including closing underperforming stores and limiting future store openings. While increased share repurchases should help EPS growth, fixing the fundamentals of the business will require more extensive efforts.

  Wedbush’s Corinna Freedman explains how Blackstone’s involvement helps Crocs find a McCarvel’s replacement:

  We expect the shares to react positively to the announcement as we believe that a regime change and a shift of balance of power in the Board (with Blackstone having 2 board seats with veto power and presumably, a significant say regar

• [By Rich Bieglmeier]

  According to Yahoo finance, Crocs, Inc. (CROX) will release its third quarter financial results on Monday, October 21, 2013; however, the company's investor's relations page makes no note of any impending announcements. That being said, CROX normally reports Q3 EPS around October 24th. So, next Thursday-ish instead of Monday is possible.

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• ! [By Chris Hill]

  Visa (NYSE: V  ) and Under Armour (NYSE: UA  ) hit new all-time highs. General Motors (NYSE: GM  ) appears to be turning the corner in Europe. And second-quarter profits for Crocs (NASDAQ: CROX  ) fell a whopping 43%. In this installment of Investor Beat, Motley Fool analysts David Hanson and Jason Moser discuss four stocks making moves on Thursday.

• [By Alanna Petroff]

  After the close, we'll hear from Twitter (TWTR, Tech30), Buffalo Wild Wings (BWLD), Crocs (CROX) and Denny's (DENN).

  4. Economics: At 10 a.m. ET, the government will release data on September pending home sales.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-growth-stocks-to-invest-in-right-now-5.html