Crocs: An Underappreciated Stock Primed For A Breakout
Portfolio Pulse from
Crocs' acquisition of HEYDUDE has underperformed, affecting stock returns due to weak wholesale performance and challenging retail conditions. However, Crocs' core brand is strong, with near-record EBITDA and international growth. The company's improving net debt and resumed share buybacks suggest a potential stock breakout.
January 13, 2025 | 7:00 pm
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Crocs' acquisition of HEYDUDE has underperformed, impacting stock returns. However, the core brand's strength, near-record EBITDA, and resumed share buybacks at attractive valuations suggest a potential breakout.
The underperformance of the HEYDUDE acquisition has raised market doubts, but Crocs' core brand remains strong, driving near-record EBITDA and international growth. The company's improving net debt position and resumed share buybacks at attractive valuations indicate a potential positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100