Is CROX a good stock to buy? We came across a bullish thesis on Crocs, Inc. on Shiven's Substack by $hiven Dhawan. In this article, we will summarize the bulls' thesis on CROX. Crocs, Inc.'s share was trading at $120.65 as of June 8th. CROX's trailing and forward P/E were 34.19 and 8.68 respectively according to Yahoo Finance.
Crocs, Inc. together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and kids under the Crocs and HEYDUDE Brands in the United States and internationally. CROX is positioned as a highly cash-generative footwear company that appears mispriced due to concerns around its HEYDUDE acquisition, shifting distribution mix, and short-term North American softness, while its core brand continues to generate resilient profitability.
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The company operates with industry-leading gross margins of roughly 60% and benefits from a strong direct-to-consumer ecosystem supported by the iconic Crocs brand and its Jibbitz customization platform.