BofA analyst Christopher Nardone raised the firm’s price target on Crocs to $160 from $150 and keeps a Buy rating on the shares following “encouraging” Q1 results. The firm is increasing its FY24 EPS view by 25c to $12.80 to reflect the Q1 beat and its higher sales forecast for the Crocs brand, which is partially offset by lower Heydude sales.
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Read More on CROX:
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- Crocs sees FY24 adjusted EPS $12.25-$12.73, consensus $12.43
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- Crocs, Inc. Reports First Quarter Fiscal 2024 Financial Results