Is Crocs Stock a Buy Right Now? 2 Numbers to Watch Closely
Investors don't seem to believe that the (NASDAQ: CROX) stock rally is just a fad. The molded footwear specialist's shares have trounced the S 500 so far this year, leaving behind peers like (NYSE: NKE) in the process.
Crocs latest results have been impressive across several key metrics, including sales growth, profitability, and cash flow. Investors will want to balance out that optimism, though, by keeping a close eye on a few potential warning signs.
But let's start with the good news. Crocs grew sales of its core footwear brand at about the same 19% rate that Nike enjoyed into early 2023. The addition of its Hey Dude casual footwear purchase allowed overall sales to soar by nearly 60% to $3.6 billion. Management in mid-February said demand for both franchises has been, "exceptional."
Source Fool.com
Crocs Inc. Stock
With 44 Buy predictions and not a single Sell prediction Crocs Inc. is an absolute favorite of our community.
With a target price of 150 € there is a positive potential of 21.48% for Crocs Inc. compared to the current price of 123.48 €.
