According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best footwear stocks to buy right now are:
1. Rocky Brands (NASDAQ:RCKY)
The Component Grade breakdown for Rocky Brands (NASDAQ:RCKY) is: Value: A, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Rocky Brands (NASDAQ:RCKY) has a Due Diligence Score of 43, which is 5 points higher than the shoe industry average of 38.
RCKY passed 14 out of 38 due diligence checks and has strong fundamentals. Rocky Brands has seen its stock lose -7% over the past year, overperforming other shoe stocks by 24 percentage points.
Rocky Brands has an average 1 year
price target of $30.00, an upside of 13.46% from Rocky Brands's current stock price of $26.44.
Rocky Brands stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Rocky Brands, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Wolverine World Wide (NYSE:WWW)
The Component Grade breakdown for Wolverine World Wide (NYSE:WWW) is: Value: C, Growth: B, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: C.
Wolverine World Wide (NYSE:WWW) has a Due Diligence Score of 41, which is 3 points higher than the shoe industry average of 38.
WWW passed 15 out of 38 due diligence checks and has strong fundamentals. Wolverine World Wide has seen its stock return 122.9% over the past year, overperforming other shoe stocks by 154 percentage points.
Wolverine World Wide has an average 1 year
price target of $26.83, a downside of -6.54% from Wolverine World Wide's current stock price of $28.71.
Wolverine World Wide stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Wolverine World Wide, 66.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Deckers Outdoor (NYSE:DECK)
The Component Grade breakdown for Deckers Outdoor (NYSE:DECK) is: Value: C, Growth: C, Momentum: F, Sentiment: A, Safety: C, Financials: B, and AI: B.
Deckers Outdoor (NYSE:DECK) has a Due Diligence Score of 57, which is 19 points higher than the shoe industry average of 38.
DECK passed 19 out of 33 due diligence checks and has strong fundamentals. Deckers Outdoor has seen its stock lose -34.8% over the past year, underperforming other shoe stocks by -3 percentage points.
Deckers Outdoor has an average 1 year
price target of $130.63, an upside of 26.87% from Deckers Outdoor's current stock price of $102.96.
Deckers Outdoor stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Deckers Outdoor, 37.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 43.75% have issued a hold, while 0% have issued a Sell rating, and 6.25% have issued a Strong Sell.