#3 - Crocs (NASDAQ:CROX)
Crocs Inc. (NASDAQ: CROX) is an American footwear company that’s best known for its iconic Crocs foam clogs but has expanded to include a diverse selection of comfortable and stylish footwear for consumers of all ages. Because of sustained demand for its products the company maintains strong profit margins that it has put into share repurchases and retiring debt.
However, year-over-year revenue growth is slowing. This is particularly true for its HEYDUDE brand. That’s to be expected as consumers get tighter with discretionary spending. However, that growth is expected to pick up as consumers get relief in the form of lower interest rates.
CROX stock has a compelling P/E ratio of just 7.8x. Despite that, the stock is up 13.5% in 2024 as of November 25. And that includes a 28% drop in the stock in the prior six months.
Analysts give Crocs a Moderate Buy rating with a consensus price target of $148.80 which offers investors 36% upside growth.
About Crocs
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.
Read More - Current Price
- $108.53
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $148.80 (37.1% Upside)
