In a report released today, Sam Poser from Williams Trading maintained a Hold rating on Crocs, with a price target of $80.00.
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Sam Poser has given his Hold rating due to a combination of factors influencing Crocs’ current market position. The company’s recent quarterly results showed a decrease in revenue, yet they surpassed expectations, primarily driven by international sales growth. However, the North American market experienced a decline, and the HEYDUDE brand’s revenue, while better than anticipated, still fell significantly.
The mixed guidance for the upcoming quarter, with revenue expectations slightly below consensus but operating margins and EPS above, reflects uncertainty in the market. Additionally, the company’s efforts to streamline its product offerings and address challenges in the North American market indicate a cautious outlook. The tepid revenue guidance and the notion of a ‘choiceful consumer’ suggest potential waning interest in Crocs, which contributes to the Hold rating.
According to TipRanks, Poser is a 5-star analyst with an average return of 16.0% and a 50.00% success rate. Poser covers the Consumer Cyclical sector, focusing on stocks such as Dick’s Sporting Goods, Crocs, and VF.
In another report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $90.00 price target.