Crocs climbed into a higher Relative Strength (RS) Rating percentile Monday, as it got a lift from 64 to 72. Additionally, Crocs is just a whisker below a buy point and set to announce earnings in two days. Crocs stock climbed about 2.4% Monday, its fifth higher close in a row.
On its website, Crocs says it will hold a call with analysts on Thursday morning to discuss its fourth quarter earnings.
Crocs Stock Gets High Marks From Big Funds
The 72 RS Rating is a good but not yet great rating for the Broomfield, Colo.-based company. However, the other key ratings for the maker of comfortable shoes are outstanding. Among its other ratings Crocs can brag of a 94 Earnings Per Share Rating out of a best-possible 99. It also has a outstanding 92 Composite Rating.
It has an A SMR Rating (sales + profit margins + return on equity), which tells you it has strong fundamentals. And a B Accumulation/Distribution Rating on an A+ to E scale points to fairly heavy buying by big funds.
See How IBD Helps You Make More Money In Stocks
Crocs stock is working on a consolidation with a 110.90 entry. See if the stock can clear the breakout price in heavy trade. On Monday Crocs rose 2.36% to a 110.08 close.
Among Leaders In Apparel Group
The company recorded 9% EPS growth in the latest report, to $3.25 a share. Sales grew 6% to $1.046 billion. The prior three quarters it reported 23%, 27% and 11% EPS growth on sales gains of 61%, 34% and 11%.
Crocs stock earns the No. 3 rank among its peers in the Apparel-Shoes & Related industry group, according to IBD Stock Checkup. Deckers Outdoor is No. 1 and Birkenstock is No. 2 among the group's highest-rated stocks.
When researching the best stocks to buy and watch, relative price strength says a lot about a stock. IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
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