Crocs Is Up 140% in 2021 -- Is the Stock Still Wildly Undervalued?
When it comes to clothing, many people are prioritizing comfort after the pandemic threw normal routines into disarray. No other business exemplifies this change in consumer preferences more than Crocs (NASDAQ: CROX).
The maker of popular foam clogs has been on an absolute tear since March 2020. Management expects sales to soar 62% to 65% this year, an outlook that has risen significantly since February when management guided for just 20% to 25% growth in 2021.
As a result, Crocs stock has enjoyed a remarkable run this year, but even after triple-digit gains, it could still be a great bargain today. To find out, let's dive into the bull and bear cases for the company.
Source Fool.com
