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BofA Securities analyst Christopher Nardone reiterated the Buy rating on Crocs, Inc. CROX, with a price forecast of $179.
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Crocs, Inc, a global footwear company known for its comfortable and lightweight shoes, has been growing both domestically and internationally in 2024. The Crocs Brand is excelling, especially internationally, as success in China has led to international revenue growth of over 20%. However, the HEYDUDE brand is struggling as revenues have declined YOY and management is expecting revenue declines to continue. The company recently signed Sydney Sweeney in hopes of reengaging consumers.
Crocs stock is a bargain play with potential for growth, despite already soaring >50% this year. The company posted strong Q2 results that exceeded the high end of its guidance, featuring >20% y/y growth for the Crocs brand overseas. Crocs stock continues to trade at a bargain-basement ~10x P/E, despite double-digit EPS growth (suggesting a
From a technical perspective, Crocs (CROX) is looking like an interesting pick, as it just reached a key level of support. CROX recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
Crocs, Inc. (NASDAQ:CROX) is up 2.2% to trade at $143.72 at last check, after Williams Trading upgraded the equity to "buy" from "hold" and hiked its price target from $135 to $163.
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Actress, Producer and style icon leads new brand campaign focused on comfort and confidence WESTWOOD, Mass. , Aug. 21, 2024 /PRNewswire/ -- What does it mean to be a Dude?
Crocs reported their Q2 FY24 earnings where revenue and Adjusted Operating income grew 4.8% and 0.4% respectively, beating estimates. The Crocs brand grew 11.2% YoY driven by higher volume sold and ASPs from robust international expansion in China and Europe along with strategic partnerships to drive customer engagement. Although HEYDUDE brand is struggling with declining volumes, its ASPs and gross margins improved as the management takes a more focused approach to revive its strength.
Consumer stocks to watch in the stock market today.