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CROX - Foot Locker Stock: Why It Has A Lot More Room To Run
Crocs Inc.
Foot Locker's share price is down over 50% from its 52-week high after revealing that it expects to sell significantly fewer Nike products.
I still believe that Foot Locker could see promising growth in the future, even though they may face challenges due to supply chain concerns and increased implementation of DTC.
I initiate coverage on Foot Locker using a simple 5-year EPS projection and have concluded that the stock is a 'Buy' at current prices.