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Why Crocs Stock Gained 25% in September

TheMotleyFool

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Crocs (NASDAQ: CROX) investors beat the market last month as the stock jumped 25% compared to a 2% increase in the S&P 500, according to S&P Global Market Intelligence. That rally put shares back in positive territory for the year after they had been down by more than 30%.

Image source: Getty Images.

The shoe specialist attracted a few upgrades by Wall Street analysts in September, with some investors seeing reason to believe an operating rebound is on the way. To be sure, Crocs said in early August that new releases are finding traction with consumers and that costs are also moderating. These trends helped push adjusted operating income higher by 13% in Q2.

Source Fool.com

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