10 Best High Growth Consumer Stocks to Buy Now

5. Crocs, Inc. (NASDAQ:CROX)

5-Year Average Revenue Growth: 28.34%

Number of Hedge Fund Holders: 36

Market Cap: $4.56 billion

Crocs, Inc. (NASDAQ:CROX) is one of the best high growth consumer stocks to buy now. On August 8, Keybanc maintained its Overweight rating Crocs, Inc. (NASDAQ:CROX), while reducing the price target from $120 to $96. Despite the trim, the implied upside is a solid 15%, from the current price of $83.42.Keybanc cited that the footwear company reported a decent quarter, but shares fell nearly 30% due to a weaker-than-expected outlook.

The firm expects headwinds for the rest of the year from reduced inventory receipts, further resets in its Heydude (a company it acquired in 2021) segment, tariff-related pressure, and reduced discounts amid softening sentiment.

The company generated $1.15 billion in revenue, a mild 3.4% growth year-over-year, which was in line with analyst expectations. The company’s EPS came in at $4.23 per share, surpassing analyst estimates of $4.01 comfortably. However, Crocs, Inc. (NASDAQ:CROX) anticipates a 9-11% year-over-year decline in revenue for the current quarter. It noted that uncertainty from global trade policies and consumer pressures are the main culprits.

However, some of that negativity seems to be baked into the company’s valuation, with the forward P/E currently at 20.2x, which is slightly below the sector median of 20.35x. That valuation is reasonable given the global appeal of the company’s brands.