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3 Next Big Stock to Buy on a DipThis summary was created by AI, based on 1 opinions in the last 12 months.
The core Crocs brand is performing well, while HeyDude has been a weak spot in the last two quarters. Management is making adjustments to align HeyDude with the overall business, and they are also focusing on share repurchases. The risk/reward for the stock looks attractive, with shares trading at a roughly 14% earnings yield. It may take another quarter or two before markets start paying attention again.
They thrived during Covid, because people wore informal-wear, but then got killed after Covid. It bottomed last summer, but recovered 170% since then and 15% YTD. They bought the Hey Dude brand, which helped. They reported an excellent quarter last Thursday.
(A Top Pick July 30/12. Down 6.48%.) Stock is down because they reported a weak quarter. Trading at only 8X the shares earnings. Stock is somewhat seasonal so you’ll see earnings and revenues ramp up in the spring and summer. $18 is very easily attainable.
Brought in a new management team. He thinks the stock is cheap. They have a great balance sheet. People just think of the clogs. That is only 48% of revenue. They do other kinds of shoes. Growing rapidly in Asia. Is a sustainable model now.
Crocs Inc. is a American stock, trading under the symbol CROX-Q on the NASDAQ (CROX). It is usually referred to as NASDAQ:CROX or CROX-Q
In the last year, 1 stock analyst published opinions about CROX-Q. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Crocs Inc..
Crocs Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Crocs Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Crocs Inc. In the last year. It is a trending stock that is worth watching.
On 2024-10-04, Crocs Inc. (CROX-Q) stock closed at a price of $141.93.
The core Crocs brand continues to look strong with HeyDude (HD) being the weak spot in the last two quarters. Markets will likely need to see the HD business normalize before getting too interested which will take at least one more quarter. Management has acknowledged that the business line has hit a few speedbumps as they have made adjustments to have it better align with their overall business. They have also been going back to share repurchases recently, which could act as more of a near-term catalyst as the company sorts out the HD issues.
We still think the risk/reward here looks attractive and shares trade at a roughly 14% earnings yield. We would be reluctant to sell at these levels, but it might still take another quarter or two before markets really start paying attention again.
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