This Analyst is Bearish on These 5 Retail Stocks Amid ‘Soft Landing’ Expectations

4. Crocs, Inc. (NASDAQ:CROX)

Number of Hedge Fund Holders: 30

Crocs, Inc. (NASDAQ:CROX) is a Broomfield, Colorado-based, globally renowned casual footwear company.

Duffy lowered the price target on Crocs, Inc. (NASDAQ:CROX) from $59 to $54. Being a member of the Softlines retail industry, Crocs, Inc. (NASDAQ:CROX) faces a risk of a slowdown in sales growth due to inflation. The stocks in the Softlines retail industry have already underperformed the S&P 500 Index since the start of the year. Crocs, Inc. (NASDAQ:CROX) is expected to experience more pressure as customers further reduce their consumption levels amid concerns of a recession.

As per Insider Monkey’s database of 912 hedge funds, Crocs, Inc. (NASDAQ:CROX) was held by 30 funds at the end of Q1 2022.