Hole Shoe Production And Retailer Crocs Stock Price Setback

As report goes,

Production and retailer Crocs Inc. (NASDAQ:CROX), Carol Chi, had a sharp 13.3% setback in early trading on Wednesday, mainly because the broker Stifel, Nicolaus & Co. lowered the rating and erased the target price of US $14.

Crocs Inc. (NASDAQ:CROX) received $9.84 on Tuesday and $8.53 on Wednesday morning.

Stifel, Nicolaus & Co. analyst Jim Duffy believes that the recovery of Crocs Inc. Inc. will take more time.

He revealed that the retailer's early spring retail survey found that the momentum of Crocs's brand was not yet established. Although the new style has already been put on the shelves of the brand retail store, the new model has not been penetrated by the wholesale customers, and many new models are being sold on the Internet, so the current sales prospect is uncertain.

Jim Duffy also believes that according to the current global difficult retail environment, Crocs Inc. Carlo has too high expectations for the sale of high digit growth in the next two years, so the Crocs Inc. (NASDAQ:CROX) rating is reduced from "buying" to "holding".

Crocs Inc. (NASDAQ:CROX) was also elected "bear bear" on Zacks Investment Research of investment research institute two days ago.

Zacks pointed out that in the past two quarters, Crocs Inc. Carol's earnings were not as good as expected by the bank, and more importantly, its Crocs Inc. Carlo financial year EPS 2016 was expected to decline in the past few months. In September last year, it expected to have another $0.55, which dropped to 0.32 US dollars in February this year. At present, there are only 0.20 US dollars, and the market's expectation for EPS 2017 in the 2017 fiscal year is also the same trend.

Zacks accordingly gives the rating of Crocs Inc. (NASDAQ:CROX) "Strong Sell (strongly recommended for sale)".

According to the data, in the recent fourth quarter, Crocs Inc., Karl Carlos, continued to deteriorate in earnings while taking steps to recover.

The Group recorded a net loss of $73 million 900 thousand, or a loss of $1.01 per share, far worse than the market expected loss of $0.33 per share, further expanding than the net loss of $56 million 900 thousand in the same period in fiscal 2014, or 0.70 dollars per share.

Revenue has benefited from the vigorous growth of e-commerce and the strong rebound in the Asia Pacific region, and has increased slightly to 1.1% to 208 million 700 thousand US dollars, slightly better than the US $202 million expected by the market, excluding the effect of the strong US dollar exchange rate, which has increased by 7%, further eliminating the termination.

And the product line increased by 12.2%.

{page_break}

Gregg Ribatt Ribatt, chief executive officer of Crocs Inc. Carroll, believes that the group will still face the challenges of the US dollar and the macro-economy. But he believes that the turning point is approaching and that the measures taken by the advancing group in 2016 will be effective.

Today, analysts are also looking down on the Abercrombie Fitch Co. NYSE:ANF, an American teenage apparel retailer with many obstacles on the road to recovery.

Deutsche Bank AG (DBK.DE) Deutsche Bank gave the stock's "sale" rating and the target price of US $25, and analyst Tiffany Kanaga said that the market is too optimistic about the recovery prospects of the group, ignoring the background of its adverse wind and the weakening of the retail sales of clothing, and the image of the two brands is still very negative whether Abercrombie Fitch Fitch or Hollister.

According to the 2015 retail survey released by the US American Customer Satisfaction Index Index American consumer satisfaction index, Abercrombie & Fitch Co. was the lowest among the 25 franchised retailers surveyed, with the highest score of Victoria s s Secret Secret.

Abercrombie & Fitch Co. (NYSE:ANF) fell 4% on Wednesday.

The market's expectations for the group's recovery and its gradual improvement drive the stock up 22.7% in the past 12 months.

The data show that Abercrombie & Fitch Co. has ended the 14 consecutive quarter of same store sales decline since the two quarter of fiscal 2012 in the four seasons holiday season, achieving 1% growth, which is unexpected by Wall Street analysts, and the market is expected to fall 0.1%. In fact, the sales decline of the same group in the 2015 fiscal year has narrowed by quarter.

Young people have a higher degree of acceptance of the Hollister brand after the pformation. The 4% quarter same store sales growth in the fourth quarter is far more than the 2.2% forecast by Wall Street analysts, which is enough to offset the 2% decline in the Abercrombie & Fitch brand.

Group Executive Chairman Arthur Martinez pointed out that Abercrombie brand was deeply poisoned by former CEO Mike Jeffries, and needed a longer recovery.

He revealed two brands of Hollister and Abercrombie.

Excellent, but Abercrombie's men's wear is relatively weak.

Fourth quarter group profit improved significantly, net profit recorded a growth of 32.7%, from the previous year's $44 million 390 thousand, or earnings per share to US $0.63 to US $57 million 740 thousand, or earnings per share of US $0.85.

Adjusted EPS was $1.08, better than Wall Street analysts expected $0.99.