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. Steven Madden (NASDAQ:SHOO)
The Component Grade breakdown for Steven Madden (NASDAQ:SHOO) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: C.
Steven Madden (NASDAQ:SHOO) has a Due Diligence Score of 46, which is 5 points higher than the shoe industry average of 41.
SHOO passed 16 out of 38 due diligence checks and has strong fundamentals. Steven Madden has seen its stock return 89.96% over the past year, overperforming other shoe stocks by 86 percentage points.
Steven Madden has an average 1 year
price target of $51.40, an upside of 7.8% from Steven Madden's current stock price of $47.68.
Steven Madden stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Steven Madden, 40% have issued a Strong Buy rating, 40% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Crocs (NASDAQ:CROX)
Crocs (NASDAQ:CROX) is the #2 top shoe stock out of 13 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Crocs (NASDAQ:CROX) is: Value: A, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: C.
Crocs (NASDAQ:CROX) has a Due Diligence Score of 46, which is 5 points higher than the shoe industry average of 41.
CROX passed 15 out of 33 due diligence checks and has strong fundamentals. Crocs has seen its stock return 34.41% over the past year, overperforming other shoe stocks by 30 percentage points.
Crocs has an average 1 year
price target of $132.89, a downside of -1.48% from Crocs's current stock price of $134.89.
Crocs stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Crocs, 22.22% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 11.11% have issued a Strong Sell.
3. Weyco Group (NASDAQ:WEYS)
The Component Grade breakdown for Weyco Group (NASDAQ:WEYS) is: Value: B, Growth: C, Momentum: B, Sentiment: C, Safety: C, Financials: B, and AI: B.
Weyco Group (NASDAQ:WEYS) has a Due Diligence Score of 38, which is -3 points lower than the shoe industry average of 41. Although this number is below the industry average, our proven quant model rates WEYS as a "B".
WEYS passed 12 out of 38 due diligence checks and has average fundamentals. Weyco Group has seen its stock return 37.02% over the past year, overperforming other shoe stocks by 33 percentage points.