Crocs, Inc. (NASDAQ:CROX) is one of the stocks that Jim Cramer shed light on. A caller asked if the stock is a buy, sell, or hold, and Cramer commented:
“You know what? I’m going to say something you never hear me say. Crocs and Deckers, I’m giving you two, it’s a twofer. Crocs and Deckers, too hard. You know what? There’s no sin in saying it’s too hard…. Too hard, too hard.”
A busy retail store full of customers trying on a wide range of footwear.
Crocs (NASDAQ:CROX) designs and sells casual footwear and accessories under the Crocs and HEYDUDE brands. The company provides a wide range of products like clogs, sandals, boots, and charms, among other things. Artisan Partners stated the following regarding Crocs, Inc. (NASDAQ:CROX) in its Q4 2024 investor letter:
“Among our top detractors were Halozyme, Crocs, Inc. (NASDAQ:CROX) and Novanta. Crocs designs, develops, manufactures and distributes casual footwear and accessories for men, women and children. The company invented the molded plastic clog in 2002 and turned it into a multibillion-dollar (USD) global revenue producer. We believe expansion opportunities outside the US, demand from new product introductions (including from recently acquired Hey Dude) and distribution pushes within the direct-to-consumer and wholesale channels will drive greater-than-expected revenue growth. We had expected the performance of its HeyDude brand to have already bottomed, but forward guidance continues to indicate its turnaround efforts, driven by a new divisional leader, will take longer than expected. We maintained our position as we believe the market underappreciates the longer term profit cycle.”
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Disclosure: None. This article is originally published at Insider Monkey.
