Regardless of personal opinions on the fashion appeal of (NASDAQ: CROX) footwear, its stock performance over the past year cannot be ignored. With a remarkable return of 125% for investors, Crocs stock has proven to be a trendsetter. Moreover, the company is out to prove its shoes aren't just a fad and to show it can expand its portfolio of products.

Whenever a stock experiences significant growth, determining whether the market has already factored it in is prudent. Therefore, let's examine Crocs' current standing and evaluate whether its stock should be considered a buy, sell, or hold.

In Crocs' first quarter of 2023, the company delivered revenue of $884 million, an increase from $660 million, or nearly 34%, compared to the same period last year. While that appears to be incredible growth for a shoe company, it's important to note that Crocs closed on its roughly $2.5 billion acquisition of casual footwear company HeyDude during the middle of the first quarter of 2022.

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Source Fool.com