On Oct 30, major Wall Street analysts update their ratings for $Crocs (CROX.US)$, with price targets ranging from $125 to $180.
BofA Securities analyst Christopher Nardone maintains with a buy rating, and sets the target price at $149.
Barclays analyst Adrienne Yih maintains with a buy rating, and adjusts the target price from $164 to $125.
Guggenheim analyst Robert Drbul maintains with a buy rating, and adjusts the target price from $182 to $155.
Loop Capital analyst Laura Champine maintains with a buy rating, and adjusts the target price from $155 to $150.
Baird analyst Jonathan Komp maintains with a buy rating, and adjusts the target price from $190 to $180.
Furthermore, according to the comprehensive report, the opinions of $Crocs (CROX.US)$'s main analysts recently are as follows:
Q3 results for Crocs exceeded expectations in terms of sales, operating margin, and earnings per share. However, despite outperforming, the favorable results didn't carry over to the fiscal 2024 EPS projections as guidance was refined for most metrics. It was observed that Q4 guidance was significantly lower than anticipated, which had an impact on the annual outlook due to challenging macroeconomic conditions and delays in realizing returns from HEYDUDE.
Expectations have been set for a more challenging expenditure climate in North America and China. Nonetheless, forecasts remain optimistic for Crocs' direct-to-consumer performance in North America during the fourth quarter, although there is an anticipation of a continued subdued performance for HEYDUDE. The earnings per share estimate for FY24 remains unchanged, while the projection for FY25 has been modestly adjusted to reflect the anticipated additional investments aimed at stabilizing HEYDUDE.
Following a third-quarter beat and an updated forecast for the full year, it's noted that the Crocs brand experienced a 7.4% year-over-year increase, though HEYDUDE fell short of expectations. For the full year, it's now anticipated that Crocs will see a revenue growth of around 3% year-over-year. The adjustment in HEYDUDE's fourth-quarter projection is attributed to the effects on digital channels from the reallocation of market focus towards brand rather than performance, along with lower wholesale sell-through.
The valuation of Crocs appears attractive following the stock's pullback after the company's Q3 results and guidance. Nevertheless, there is a lack of enthusiasm for the Q4 sales outlook across both segments. Concerns are amplified by the challenges encountered by the Hey Dude segment, particularly as it confronts easier comparisons from the past.
The firm observed that Crocs delivered a fairly strong performance in Q3, though it wasn't the usual standout beat. The company has increased the mid-point guidance for 2024E EPS. However, a more challenging expenditure landscape and an extended revival period for HEYDUDE are affecting overall confidence.
Here are the latest investment ratings and price targets for $Crocs (CROX.US)$ from 8 analysts:
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美東時間10月30日，多家華爾街大行更新了$卡駱馳 (CROX.US)$的評級，目標價介於125美元至180美元。
美銀證券分析師Christopher Nardone維持買入評級，目標價149美元。
巴克萊銀行分析師Adrienne Yih維持買入評級，並將目標價從164美元下調至125美元。
Guggenheim分析師Robert Drbul維持買入評級，並將目標價從182美元下調至155美元。
Loop Capital分析師Laura Champine維持買入評級，並將目標價從155美元下調至150美元。
貝雅分析師Jonathan Komp維持買入評級，並將目標價從190美元下調至180美元。
此外，綜合報道，$卡駱馳 (CROX.US)$近期主要分析師觀點如下：
卡駱馳的第三季度銷售額、營業利潤率和每股收益均超出預期。然而，儘管表現優異，有利的結果未能體現在2024財年的每股收益預測中，因爲大多數指標的指引得到了調整。觀察到第四季度的指引顯著低於預期，這對年度前景產生了影響，原因是宏觀經濟狀況嚴峻，以及由於HEYDUDE的回報實現受到延遲。
對於北美和中國的支出氛圍預期將更具挑戰性。儘管如此，對於卡駱馳在北美的直銷業績仍然持樂觀態度，儘管對於HEYDUDE的預期業績繼續保持平淡。對於2024財年的每股收益估計保持不變，而對於2025財年的預測已適度調整，以反映旨在穩定HEYDUDE的預期額外投資。
在獲得第三季度超出預期成績和全年更新預測後，發現卡駱馳品牌的同比增長達到了7.4%，儘管HEYDUDE未達預期。對於全年，預計卡駱馳的營業收入將同比增長約3%。HEYDUDE第四季度預測的調整歸因於數字渠道受到市場關注重心從性能轉向品牌以及批發開空售出降低的影響。
卡駱馳股票在公司第三季度的業績和指引後拉回後，估值顯得有吸引力。儘管如此，對於兩個板塊的第四季度銷售前景缺乏熱情。擔憂加劇的原因是HEYDUDE板塊所面臨的挑戰，尤其是與過去更容易比較的情況相對。
公司發現卡駱馳在第三季度表現強勁，儘管不是出彩的表現。公司已提高2024E每股收益的中點指引。然而，更具挑戰性的支出格局和HEYDUDE的延長復甦期正在影響整體信心。
以下爲今日8位分析師對$卡駱馳 (CROX.US)$的最新投資評級及目標價：
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