06:05 AM EST, 11/03/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month price target of $115, based on 8.8x our 2026 EPS estimate and in line with the company's three-year average forward P/E multiple of 9.1x, reflecting our view that the company will continue to trade around its three-year average until management is able to turn around HEYDUDE. We raise our 2025 EPS estimate by $0.25 to $12.00 and maintain our 2026 EPS estimate of $13.00. We continue to believe shares are undervalued as investors aren't fully appreciating CROX's above-peer margins. CROX posted normalized Q3 EPS of $2.92 vs. $3.60, $0.56 above consensus estimates, on revenues of $996M vs. $1.06B, which was $35M above estimates. By brand in Q3, Crocs brand revenues declined 2.5% Y/Y and HEYDUDE revenues declined 21.6%. By channel, Direct-to-Consumer revenues increased 1.6% Y/Y while Wholesale revenues declined 14.7%. The company saw strength internationally with its Crocs brand growing 5.8% and making up 46.5% of the brand's total revenues, helping to insulate the company from U.S. tariffs.