Published on 2 May 2024 on Insider Monkey via Yahoo Finance
Crocs (CROX) Rose Meaningfully in Q1
Choice Equities Capital Management, a hedge fund manager, released its first-quarter 2024 investor letter recently. A copy of the same can be downloaded here. In the first quarter, the fund generated gains of +14.2% on a net basis in comparison to the Russell 2000’s quarterly gain of +5.2%. The S&P 500 generated a gain of +10.6% during the same period. Since its inception in 2017, the fund has generated annualized gains of +15.0% versus +7.8% and +14.5% returns for the indexes, respectively. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Choice Equities Capital Management featured stocks like Crocs, Inc. (NASDAQ:CROX) in the first quarter 2024 investor letter. Headquartered in Broomfield, Colorado, Crocs, Inc. (NASDAQ:CROX) engages in the footwear and accessories business. On May 1, 2024, Crocs, Inc. (NASDAQ:CROX) stock closed at $123.55 per share. One-month return of Crocs, Inc. (NASDAQ:CROX) was -6.90%, and its shares gained 13.89% of their value over the last 52 weeks. Crocs, Inc. (NASDAQ:CROX) has a market capitalization of $7.604 billion.