Category: CROX

Investment Thesis

Crocs, Inc. (NASDAQ:CROX) is a Colorado-based global lifestyle brand that designs, produces, and distributes innovative footwear, accessories, and apparel. Its mission is to provide everyone with comfortable, lightweight, and versatile footwear.

This once uninspired, unloved, and unprofitable company has since become a cash cow with a broad array of exciting product lines with intense brand loyalty and satisfaction. With strong revenue growth and EBITDA margins as high as 30%, rivaling software companies, we believe CROX stock is a Strong Buy due to its strong financial performance, best-in-class margins, and strategic expansion into new markets and e-commerce.

Business Overview

Crocs’ signature product is the Classic Clog, a slip-on shoe made of a proprietary closed-cell resin material called Croslite. Crocs’ footwear products are popular for their durability, comfort, and unique designs. The company also offers a range of accessories, including Jibbitz charms that can be attached to Crocs shoes, and a line of apparel that features the Crocs brand.

The company sells its products through multiple channels, including its website, company-owned retail stores, third-party retail stores, and e-commerce marketplaces. Crocs’ geographic presence is diversified, with operations in North America, Europe, Asia Pacific, and the Middle East.

Crocs has experienced strong growth in recent years, driven by its focus on innovation, marketing, and international expansion. The company has successfully leveraged its iconic brand and strong customer loyalty to expand its product offerings and increase sales. In addition, Crocs has made significant investments in e-commerce capabilities, enabling it to better serve its customers and drive online sales. During the 2020 pandemic, CEO Andrew Rees made the wise decision to pull from physical retail stores and focus on e-commerce as a driver of sales. This bet paid off: as of 2022, e-commerce sales now make up almost 50% of all revenues.

CEO Andrew Rees, Q4 2021 Earnings Transcript:

This year, we invested in our digital capabilities, including in the Crocs mobile app, global social platforms, such as Douyin, and digital talent across the globe. We’re confident these investments and our continued focus will drive digital growth globally over the long term.

Looking forward, Crocs plans to continue investing in product innovation and expanding its global presence. The company has identified key growth opportunities in Asia, particularly in China, where it plans to double its revenue by 2026. Crocs also plans to expand its direct-to-consumer channels, including e-commerce and owned retail stores, to increase its brand visibility and customer engagement. Crocs also plans on focusing on its sandals business, which only makes up $300m of its revenue, as it believes it can be a heavyweight player in the $30B TAM. Overall, Crocs’ strong brand and product offerings, combined with its strategic growth initiatives, position the company for continued success in the global footwear and accessories market.

The Power of Strong Leadership

Despite initial skepticism, the company has undergone a remarkable transformation under the leadership of CEO Andrew Rees, who joined in 2014. In 2014, CROX was drowning. Marketing was lackluster, stores were struggling, and expenses were out of control. By tapping into the power of social and digital marketing, he created buzz for the product by teaming up with influencers such as Post Malone and Vera Bradley. By improving brand relevance, improving channels for e-commerce, and cutting unnecessary expenses, he was able to unlock the untapped potential of CROX. Since Rees took over, the company has become profitable with impressive revenue growth, averaging 26.71% CAGR over the last 5 years, with a best-in-class 5 year average EBITDA margin of 19.64%. CROX has also seen tremendous growth in its share price, increasing an unbelievable 50.57% CAGR over the same 5-year period.

Financial Statements

Crocs has exhibited remarkable growth in revenue over the past five years, boasting a CAGR of 26.71% and an average EBITDA margin of 19.64% over the same period. However, it is worth noting that a substantial portion of this growth was achieved in the fiscal years of 2021 and 2022, with the latter year’s growth mostly attributed to the HEYDUDE acquisition. While there remains a risk of revenue growth and EBITDA margins reverting to lower levels, management has repeatedly emphasized that they expect revenue growth to remain in the low teens, with EBITDA margins to stay at least at 26% for the next few years. Furthermore, management has repeatedly emphasized Crocs’ long-term goal is to surpass $6 billion in total revenues by 2026 while maintaining a 26% EBITDA margin. Despite their impressive profit margins, Crocs’ current low 5-year average EV/EBITDA multiple of 15.5x is surprising.

HEYDUDE, what’s that debt?

When analyzing Crocs’ balance sheet, it’s impossible to ignore their significant $2.6B debt, which they acquired in FY22 due to their acquisition of HEYDUDE. The acquisition was initially met with skepticism, as Crocs paid a whopping $2.5B (with $2.05B funded by debt and $0.45B funded by shares) for a company that was only generating $600m in revenue with a low operating margin. This 4x P/S acquisition of a shoe company caused a 13% drop in Crocs’ stock price, as the market punished the management team for their questionable purchase.

However, a year later, the acquisition seems to have paid off for Crocs. HEYDUDE has successfully integrated with Crocs, and the results are starting to show. Although Crocs initially guided for $1B in revenue for HEYDUDE by FY24, HEYDUDE was able to accomplish nearly $1B in revenues during FY22. Going forward, they expect at least 20% YoY growth for HEYDUDE for the next few years, and as they continue to integrate the company, operating margins for HEYDUDE are expected to improve to a long term adjusted operating margin of 26%+. Furthermore, strong cash flow in FY22 has already allowed for a $550M reduction in borrowings from $2.9B in Q1 to $2.3B in Q4. While the debt is a concern, the HEYDUDE acquisition has the potential to be a significant catalyst for Crocs’ growth in the future.

Risks of the Business

While Crocs has shown strong revenue performance and strong EBITDA margins in recent years, as a consumer discretionary product, it is subject to changing trends. While Crocs may be seen as “cool” and trending for now, it is possible for a shift in consumer sentiment to hurt its top-line. Furthermore, the company faces continuous competition from other shoe companies such as Deckers Outdoor Corporation (DECK), Converse/Nike (NKE), and Skechers (SKX). While Crocs has a sizeable advantage over all its competitors, this gap may not last forever. Furthermore, while CROX’s management is extremely bullish on its acquisition, it may still succumb to failure to integrate properly. The long-term outlook for HEYDUDE may deteriorate if management is able to properly execute on future revenue growth and EBITDA margin expansion.

Quantitative Analysis

In our bear, base, and bull case scenarios, we assume Crocs’ revenues will continue to grow at a CAGR of 6%, 10%, and 14% over the next five years, respectively. Additionally, we assume EBITDA margins of 20%, 24%, and 26%, respectively, and apply exit multiples of 15x, 17.5x, and 20x to reflect the revenue growth and profitability of each scenario. It is worth noting that our bull case is consistent with management’s repeated guidance.

What is interesting is that each scenario presents significant potential upside for CROX, ranging from 48% undervalued to 346.40% undervalued. Given the current macroeconomic environment, it would be prudent to reduce our expectations slightly to account for potential execution issues in the future while still leaving room for upside. Even if we are wrong, any additional upside would be a welcome bonus.

Our bear case considers the possibility of a significant slowdown in revenue growth and a decrease in EBITDA margins, possibly due to changes in customer loyalty or sentiment or increased operating expenses. Our base and bull cases assume continued expansion and penetration into new markets by Jibbitz, sandals, HEYDUDE, and clogs, and strong consumer loyalty. If management’s forecast materializes as expected, CROX would be undervalued by 346%, giving investors an impressive IRR of 34.88% over the next five years. Not too shabby.

The Bottom Line

CROX has gone through an incredible transformation in the past decade. With CEO Andrew Rees leading the way, CROX has experienced strong growth in recent years, driven by its focus on innovation, marketing, and international expansion. With management paving the way to $6B in revenue by 2026 with strong 26% EBITDA margins, CROX presents investors with incredible upside, as much as 346%, due to its high revenue growth and even higher EBITDA margins. Combined with HEYDUDE, we find CROX to be an unstoppable company, and rate it a Strong Buy.

What are your thoughts on HEYDUDE and CROX? Where do you see this company going in the next few years?

BROOMFIELD, Colo., March 7, 2023 /PRNewswire/ — Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for women, men, and children, today announced that it will present at the UBS Global Consumer and Retail Conference on Wednesday, March 15, 2023 at 1:00pm ET.

A live broadcast of the Company’s presentation may be found on the Investor Relations section of the Crocs website, investors.crocs.com. A replay of the webcast will remain available on the website following the completion of the conference.

About Crocs, Inc.:

Crocs, Inc. (Nasdaq: CROX) is a world leader in innovative casual footwear for women, men, and children, combining comfort and style with a value that consumers know and love. The Company’s brands include Crocs and HEYDUDE and its products are sold in more than 85 countries through wholesale and direct-to-consumer channels. For more information on Crocs, Inc. please visit investors.crocs.com.  To learn more about our brands, please visit www.crocs.com or www.heydude.com or follow @Crocs or @heydudeshoes on Facebook, Instagram, and Twitter.

Category:Investors

Investor Contact:
Cori Lin, Crocs, Inc.
(303) 848-5053
[email protected]

PR Contact:
Melissa Layton, Crocs, Inc.
(303) 848-7885
[email protected]

SOURCE Crocs, Inc.

After a devastating 2022, a year that saw the S&P 500 decline 19%, investors are looking for things to bounce back quickly. This means finding companies that have promising futures and that are trading at attractive valuations. One such name is Crocs (CROX -2.48%). 

Since reporting its 2022 fourth-quarter financials on Feb. 16, the popular footwear brand has seen its shares slip about 10%. And although they are up 59% over the past six months, the shares are still down nearly 30% from their all-time high. Here’s why investors will regret not buying Crocs on the dip.  

Continued business momentum 

It’s an accurate assessment to say that Crocs’ business was boosted by the COVID-19 pandemic. In 2020 and 2021, revenue jumped 12.6% and 66.9%, respectively, showcasing a sharp top-line acceleration for a company that was struggling for a few years before the health crisis. The heightened consumer interest in comfortable and affordable attire probably deserves some credit here. 

But the strong momentum hasn’t abated. For the just-reported full year of 2022, revenue was up 53.7% year over year to $3.6 billion. Crocs’ financials were bolstered by the success of casual footwear brand HeyDude, an acquisition that was completed about one year ago, which saw its own sales climb 70% compared to 2021 to nearly $1 billion. On the other hand, revenue for the flagship Crocs brand was up just 14.9% thanks to gains in all three geographic regions. 

Nonetheless, it’s hard to argue with these numbers given the softer macroeconomic picture that characterized last year and worried investors. Ongoing inflationary pressures, and the higher interest rates central banks are using to combat rising prices, can discourage consumers from spending and borrowing. This makes Crocs’ resilient business model even more impressive. 

What really stands out about this company is not just its ongoing revenue gains in an otherwise difficult operating environment but just how profitable this enterprise is. Crocs’ operating margin has trended higher over the past decade, coming in at 23.9% in 2022. This impressive bottom line is why Crocs has been able to repurchase $1.7 billion worth of its stock since 2014, equal to 22% of the current market cap of $7.7 billion. 

Rare mix of growth and value 

Between 2017 and 2022, Crocs’ revenue soared at a compound annual rate of 28.3%. And diluted earnings per share swung from a loss of $0.41 to a positive $8.71. The stock has followed suit, skyrocketing 830% over the past five years. This remarkable performance easily crushes that of the S&P 500, which produced a total return of 62% during the same time. 

Looking ahead, the management team is confident in Crocs’ ability to continue growing at a rapid clip. They expect annual sales to total $6 billion in 2026. Two of the most important ways to achieve this goal are to boost sales of sandals and further penetrate China, the world’s second-biggest footwear market. 

Even Wall Street is optimistic about Crocs’ direction. Over the next four years, consensus analyst estimates call for revenue to rise at a compound annual rate of 12.2% between 2022 and 2026, with EPS increasing at a 19.2% average annual clip. 

Usually, investors would rightfully assume that a business with Crocs’ tremendous growth history, as well as its bright prospects and outstanding profitability, would result in a share price that is very expensive. Crocs’ price-to-earnings (P/E) ratio was under 8 as recently as November. And even after the stock has climbed 72% in the past six months, shares are still trading at a P/E of just 14 right now. This compares quite favorably to the P/E of 18 for the overall S&P 500.  

Based on the favorable long-term outlook of Crocs’ business, coupled with the attractive valuation, it might be a good idea to consider investing in the stock.

Momentum investing is all about the idea of following a stock’s recent trend, which can be in either direction. In the ‘long’ context, investors will essentially be “buying high, but hoping to sell even higher.” And for investors following this methodology, taking advantage of trends in a stock’s price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Crocs (CROX Quick QuoteCROX – Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It’s also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Crocs currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?

Let’s discuss some of the components of the Momentum Style Score for CROX that show why this footwear company shows promise as a solid momentum pick.

Looking at a stock’s short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For CROX, shares are up 3.68% over the past week while the Zacks Textile – Apparel industry is up 1.99% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 24.51% compares favorably with the industry’s 0.02% performance as well.

While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics — such as performance over the past three months or year — can be useful as well. Over the past quarter, shares of Crocs have risen 46.45%, and are up 265.96% in the last year. On the other hand, the S&P 500 has only moved 10.07% and 33.52%, respectively.

Investors should also pay attention to CROX’s average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. CROX is currently averaging 1,233,345 shares for the last 20 days.

Earnings Outlook

The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with CROX.

Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CROX’s consensus estimate, increasing from $5.68 to $6.78 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom Line

Taking into account all of these elements, it should come as no surprise that CROX is a #2 (Buy) stock with a Momentum Score of B. If you’ve been searching for a fresh pick that’s set to rise in the near-term, make sure to keep Crocs on your short list.

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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores?

The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on — that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value Score

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth Score

Growth investors, on the other hand, are more concerned with a company’s financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum Score

Momentum traders and investors live by the saying “the trend is your friend.” This investing style is all about taking advantage of upward or downward trends in a stock’s price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM Score

What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank

The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company’s earnings expectations, to help investors build a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500’s performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That’s where the Style Scores come in.

You want to make sure you’re buying stocks with the highest likelihood of success, and to do that, you’ll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

The direction of a stock’s earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

Here’s an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Crocs (CROX Quick QuoteCROX – Free Report)

Founded in 1999 and based in Niwot, CO, Crocs, Inc. is one of the leading footwear brands with its focus on comfort and style. Famous for its iconic clog material, Crocs’ simple design and great comfort was an instant hit among consumers. The company offers a wide variety of footwear products including sandals, wedges, flips and slide that cater to people of all age.

CROX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. CROX has a Growth Style Score of A, forecasting year-over-year earnings growth of 82% for the current fiscal year.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased $0.18 to $5.86 per share. CROX boasts an average earnings surprise of 43.6%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CROX should be on investors’ short list.

Footwear brand Crocs, Inc. (NASDAQ: CROX) stock has gained 260% in the last 12 months. The stock emerged as a true winner in the retail space, and underestimating the stock’s performance should not be done, according to one investment pro.

Revenue nearly doubled 

Thanks to the demand for footwear, Crocs stock price picked up momentum. The company reported its quarterly earnings on Thursday, and the stock soared, adding 10% after declaring earnings. The good news is that the footwear company’s revenue nearly doubled compared to last year’s earnings. According to reports, 60% sales growth is estimated in the on-going quarter.

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In an interview on CNBC’s “Trading Nation” on Thursday, Chantico Global CEO Gina Sanchez said:

“They are so cheap relative to other retailers, particularly footwear. They’re trading at 20 times forward PE, 22 times trailing which is to say that they’re expecting great growth, and that growth is not yet priced into the stock.”

In the same interview, calling it an interesting stock, she reiterated not to “underestimate this stock.”

According to reports, the stock is expected to register a $5.80 share profit for the year, 80% higher than last year.

Crocs, Inc. stock doing well post-pandemic

Crocs stock is beyond any doubt doing well after the pandemic. Seconding this opinion is President of Blue Line Capital Bill Baruch, who said:

“The company has done everything right – everything from celebrity sponsors, they’ve done a great e-commerce pivot during the pandemic and another great earnings report here with accelerating growth. I do think that there is a place to buy here. I’m looking at the technicals.”

According to him, the best time to add this stock to your portfolio will be when the stock value falls as low as $92. Crocs, Inc.’s stock closed at $131.93 on Thursday.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

LOS ANGELES, July 6, 2021 /PRNewswire/ — Global esports organization Gen.G and innovative casual footwear brand Crocs, Inc. (NASDAQ: CROX) announced a partnership for a Minecraft build competition. Celebrating the release of Crocs’ new All Family Tie-Dye collection, the theme of the competition is “Build Your Life in Color” which starts on July 6 and concludes July 19, encouraging players to showcase their personalities and share their lives in all its colors. For more information on competition details and registration, visit www.crocsworld.gg.

Builds will be judged and reviewed by a panel of gaming influencers including LittleSiha, JeromeASF, RyGuyRocky, Solidarity, Doc M77, IYMAN, ACAU, Pacckker. Judges will look for build quality, creativity, and color, when selecting finalists.

“The ‘Build Your Life in Color’ competition is another example of how Crocs continues to innovate by creating authentic relationships with brand fans and consumers on the digital stage,” said Crocs SVP & Chief Marketing Officer Heidi Cooley. “Just like Crocs, the world of Minecraft is inspired by creativity and self-expression, and we’re excited to collaborate with Gen.G on a program that brings Crocs together with the gaming community.”

“Working with a brand like Crocs, who routinely makes waves in the fashion and music world, has been a blast. We really challenged ourselves to come up with something cool that celebrates the amazing creativity of the global Minecraft community,” said Gina Chung Lee, CMO of Gen.G. 

The competition is open to residents of Canada, China, Europe, Japan, Korea, and the US. Talent will judge and select regional winners who will be eligible to win prizes including an XBOX Series X, Playstation 5, LG Laptop, Crocs from the All Family Tie-Dye collection, Jibbitz™ charms (please visit the website for detailed rules and regulations by region).  There will also be chances for six lucky winners who design their own unique custom Jibbitz™ charms produced by Crocs.

The All Family Tie-Dye collection from Crocs transcends all ages and genders with new patterns and silhouettes for the whole family.

In addition to the Gen.G partnership, Crocs has previously integrated into the esports space with collaborations with Andbox’s Call of Duty League franchise New York Subliners and Call of Duty League franchise Minnesota RØKKR.

CONTACT: [email protected]

SOURCE Gen.G

Crocs (CROX Quick QuoteCROX – Free Report) closed the most recent trading day at $116.80, moving -0.17% from the previous trading session. This change lagged the S&P 500’s 0.75% gain on the day.

Prior to today’s trading, shares of the footwear company had gained 15.81% over the past month. This has outpaced the Consumer Discretionary sector’s gain of 10.93% and the S&P 500’s gain of 2.91% in that time.

Investors will be hoping for strength from CROX as it approaches its next earnings release. In that report, analysts expect CROX to post earnings of $1.50 per share. This would mark year-over-year growth of 48.51%. Our most recent consensus estimate is calling for quarterly revenue of $554.13 million, up 67.13% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.70 per share and revenue of $2.04 billion, which would represent changes of +77.02% and +47.08%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% higher. CROX is currently a Zacks Rank #2 (Buy).

Digging into valuation, CROX currently has a Forward P/E ratio of 20.53. This represents a premium compared to its industry’s average Forward P/E of 19.98.

Meanwhile, CROX’s PEG ratio is currently 1.37. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The Textile – Apparel industry currently had an average PEG ratio of 1.37 as of yesterday’s close.

The Textile – Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 39, putting it in the top 16% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.