Is Crocs a Buy Now?
There was a lot of good news in ' (NASDAQ: CROX) third-quarter earnings release. There was also a significant amount of bad news. The breakdown between good and bad was roughly 75% to 25%, which is to say the Crocs brand versus its Heydude brand.
The future could be brighter, though, if the tough love that's being given to Heydude pays off. Here's why Crocs could be a buy for more aggressive investors.
Sales of Crocs branded footwear rose 11% year over year in the third quarter. North America was the weak spot, with sales growth of "only" 8%. Asia grew an impressive 29%, with sales in China up 90% year over year.
Source Fool.com
Crocs Inc. Stock
€117.60
1.890%
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
As a result the target price of 122 € shows a slightly positive potential of 3.74% compared to the current price of 117.6 € for Crocs Inc..
