From Financial Modeling Prep: 2024-10-09 15:37:00

Guggenheim analysts initiated coverage on Crocs (NASDAQ:CROX) with a Buy rating and a $182 price target, citing strong global brand awareness and profitability. They forecast EPS of $12.90 for 2024 and $14.00 for 2025, with estimated revenue of $4.12 billion. Crocs’ debt leverage ratio is within target range, offering potential EPS accretion through a repurchase program.

Analysts see growth opportunities for Crocs and HEYDUDE brand in international markets, particularly in South Korea and China. Despite uncertainties in North American consumer spending, CEO Andrew Rees’ leadership is expected to drive growth through value-driven strategy and personalized offerings. Crocs maintains industry-leading gross margins above 58% and operating margins over 25%.



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