You might say the future of Crocs (CROX) is perfectly clear. At least that's what Sterne Agee analyst Sam Poser tells Breakout when asked to explain why he not only maintains his buy rating on the funky footwear company after its stock has gone from $2 to $25 in the past three years but actually just raised his price target to $30.
You can practically hear the kids clambering already and, therefore, the retailers, too.
And that's actually part of the continuing Crocs turnaround story, Poser says, pointing to past disappointments by the retailer after the first period of meteoric growth. But a new management team and some key divestitures combined with an ever-growing product line could point to a winner. It is an expensive winner, Poser concedes; it's trading at 21.3 times this year's estimated earnings. But Poser thinks it will still be able to beatRead More »from If the Shoe Fits, Buy It: Footwear Stocks to Watch