Who keeps buying so many Crocs? I have a pair I bought years ago, maybe Ill replace them in 2-3yrs from now...
Not just a clogs company. A clogs-with-holes company. "These shoes got holes in em, but they're good for another 3 years." Then we got Nike making their self-lacing shoes that you have to plug into a USB port or they won't work. Anyone remember shoes?
Crocs Is an 'Impressive Consumer Growth' Story. The Stock Is Rising. -- Barrons.com 11:44 am ET January 12, 2022 (Dow Jones) Karishma Vanjani Crocs shares were rising Wednesday after Piper Sandler named the stock a top idea for the second year and raised its price target on the shares. Analyst Erinn Murphy said in a note she sees the footwear brand as "one of the most impressive consumer growth stories for several years to come." Murphy lifted her price target to $246 from $215 and maintained an Overweight rating. Shares of Crocs (ticker: CROX) rose 4.1% on Wednesday to $131.49. Piper Sandler said it was raising its fiscal fourth-quarter earnings estimates on Crox to $2.01 a share from $1.42 on the strength of the brand throughout the holiday season. The firm said Crox "didn't see notable impacts from Omicron and saw strong full-price selling and healthy traffic." Analysts surveyed by FactSet expect fourth-quarter earnings of $1.71 a share. Murphy also highlighted the opportunity from Heydude, an Italian casual footwear brand Crocs bought last month. "We have a high degree of confidence in Crocs' mgmt team executing against its playbook to drive two highly-profitable growth brands for several years to come." "While there has been no shortage of investor push-back to the Heydude deal (from the timing & size of the deal to concerns around "fad" potential etc.), webelieve therein lies the opportunity," Murphy said. Crocs earlier this week said it was expecting record revenue growth in 2021. The company projected $2.31 billion in revenue, compared with $1.38 billion reported in 2020. This reflects about 67% growth in revenue in 2021, exceeding the Wall Street consensus call for 65%. Analysts surveyed by FactSet rate the stock, on average, at Overweight, with an average price target of $211.11. Write to Karishma Vanjani at [email protected] (END) Dow Jones Newswires January 12, 2022 11:44 ET (16:44 GMT) Copyright (c) 2022 Dow Jones & Company, Inc
A shoe with holes, and no laces. Now in Crox Heel (tm) form. $625. https://www.ssense.com/en-us/women/product/balenciaga/black-crocs-edition-madame-heels/8245281
Why ugly-cool Crocs have stood the test of time (nypost.com) Not too surprising, Crocs is known for being ugly
