SKX - Footwear Stocks Poised for Strong Q2: BofA Analyst Sees Attractive Upside for Crocs and Skechers | Benzinga
BofA Securities analyst Christopher Nardone has previewed the expected performance of footwear companies in the upcoming earning season.
According to the analyst, footwear stocks like Crocs Inc (NASDAQ:CROX), Deckers Outdoor Corp (NYSE:DECK) and Skechers U.S.A., Inc (NYSE:SKX) have pulled back 11% off recent highs on average as a combination of tariff and freight related risks, and recent volatility in the higher multiple athletic sector are weighing on the group.
The analyst expects calendar second-quarter sales trends to remain strong and model revenues either beating or hitting the upper end of guidance for each company, with strength driven by international.
For the analyst, the risk/reward for CROX remains attractive with the ...