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CROX - Crocs Inc News Story

$38.59 1.1  2.8%

Last Trade - 07/08/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.99bn
Enterprise Value £2.09bn
Revenue £910.6m
Position in Universe 1618th / 6395

BUZZ-Susquehanna names Nike, Lululemon as top picks to emerge from COVID-19 crisis

Mon 6th April, 2020 1:20pm
** Brokerage Susquehanna names Nike  NKE.N , Lululemon
 LULU.O  and Crocs  CROX.O  as top picks  to come out of the
COVID-19 crisis with limited damage  
    ** Shares of Nike, Lululemon up ~3% in premarket trading 
    ** Top picks have the strongest brands, best execution and
in some instances, a business flow where the March and June qtrs
combined make up 30% or less of annual rev - Susquehanna 
    ** Brokerage says CROX is getting social media boost after
donating ~100K pairs of shoes to nurses and doctors; NKE's and
LULU's upbeat qtrly results give the companies positive momentum
    ** Susquehanna's Sam Poser also has a positive rating on
Deckers Outdoor  DECK.N , Canada Goose  GOOS.TO , Dick's
Sporting Goods  DKS.N  and Skechers  SKX.N 
    ** Despite Caleres  CAL.N , Designer Brands and Under Armour
 UAA.N  furloughing or laying off employees, Poser says they
will take a long time to ramp up business once the coronavirus
crisis ends 
    ** Adds Steve Madden  SHOO.O  will get hit by its nascent
online business as stores remain closed
    
 Caleres                Cuts to $3.5 from $9
 Designer Brands        Downgrades to "neutral from
                        "positive"; cuts PT to $4 from $9 
 Under Armour           Cuts PT to $6 from $14
 Steve Madden           Downgrades to "neutral" from
                        "positive"; cuts PT to $22 from $38
 
    

 (Reporting by Aishwarya Venugopal in Bengaluru)
 ((Aishwarya.Venugopal@thomsonreuters.com; within U.S.
+1-646-223-8780; outside U.S. +91 80 6749 2830;))
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