Release

Today’s Research Reports on Stocks to Watch: Under Armour and Crocs

Under Armour shares were slightly up in Thursday’s session. The company has been making headlines for reportedly paying for employees’ strip club visits in the past. Shares of Crocs were exploding to a new high after reporting strong third quarter results.

RDI Initiates Coverage on:

Under Armour, Inc.
https://rdinvesting.com/news/?ticker=UA

Crocs, Inc.
https://rdinvesting.com/news/?ticker=CROX

Under Armour, Inc. shares closed up very modestly on Thursday on around 2.7 million shares traded. The sport apparel and shoe company was recently featured in a WSJ article that said the company had reimbursed employees for visits to strip clubs until early 2018. "We have addressed these serious allegations of the past and will continue to address workplace behavior that violates our policies,” said a spokesperson for Under Armour to Quartz. “Inappropriate behavior that challenges our values or violates our policies is unacceptable—and will not be tolerated. We are committed to providing a respectful and inclusive workplace.” Separately the company is searching for a new human resources chief and has retained executive search firm Hanold Associates to find candidates for the position. Hanold has worked with Nike Inc. and Amazon.com Inc.

Access RDI’s Under Armour, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=UA

Crocs, Inc. shares closed up 27.57% on about 7.6 million shares traded on Thursday. The stock soared to a new high of $28.20 after the shoe company reported strong third quarter results and raised its full-year guidance. For the quarter, the company reported revenue of $261.1 million, a growth of 7.3% YOY. Net income was reported as $6.5 million, or 7 cents a share. In the year ago quarter the company had reported a loss of 3 cents a share. Analysts had been expecting a loss of 1 cent a share. Looking ahead, Crocs raised its full year guidance and now expects revenue to jump 4 to 5%. Andrew Rees, president and CEO, said on the company’s earnings call, "We had one of the best third quarters in the last couple of years." The company has partnered with musician Post Malone, who has said, “If you like something, go get it. I wear Crocs everywhere from the bar to the stage and I felt it was the perfect collaboration to get together with Crocs and give the fans what they’ve been asking for.”

Access RDI’s Crocs, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CROX

Our Actionable Research on Under Armour, Inc. (NYSE: UA) and Crocs, Inc. (NASDAQ: CROX) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

[email protected]

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.