WallStreetZenWallStreetZen

Sectors & IndustriesConsumer CyclicalFootwear & Accessories
Best Shoe Stocks to Buy Now (2024)
Top shoe stocks in 2024 ranked by overall Zen Score. See the best shoe stocks to buy now, according to analyst forecasts for the footwear & accessories industry.

Industry: Footwear & Accessories
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
CROX
CROCS INC
NASDAQ
Footwear & Accessories
$7.47B$123.51-1.80%$1.09B9.57x2.19
SKX
SKECHERS USA INC
NYSE
Footwear & Accessories
$9.02B$58.82-0.56%$878.67M16.66x0.78
DECK
DECKERS OUTDOOR CORP
NYSE
Footwear & Accessories
$20.70B$806.50-5.31%$988.61M28.82x0.59
WEYS
WEYCO GROUP INC
NASDAQ
Footwear & Accessories
$268.49M$28.24-0.70%$44.24M8.85x0.27
ONON
ON HOLDING AG
NYSE
Footwear & Accessories
$10.18B$31.94-1.30%$139.43M112.46x0.48
NKE
NIKE INC
NYSE
Footwear & Accessories
$141.79B$93.94-0.74%$6.96B27.31x1.63
SHOO
STEVEN MADDEN LTD
NASDAQ
Footwear & Accessories
$2.94B$39.72-1.83%$233.69M16.97x0.60
RCKY
ROCKY BRANDS INC
NASDAQ
Footwear & Accessories
$197.16M$26.58-3.06%$46.31M18.72x1.14
VRA
VERA BRADLEY INC
NASDAQ
Footwear & Accessories
$205.67M$6.68-1.91%$42.35M26.72x0.47
WWW
WOLVERINE WORLD WIDE INC
NYSE
Footwear & Accessories
$836.53M$10.49-1.22%-$36.00M-20.57x6.33
DBI
DESIGNER BRANDS INC
NYSE
Footwear & Accessories
$534.05M$9.33-1.17%$138.35M19.85x4.77
AREB
AMERICAN REBEL HOLDINGS INC
NASDAQ
Footwear & Accessories
$2.11M$0.360.85%-$10.59M-0.09x1.09
FORD
FORWARD INDUSTRIES INC
NASDAQ
Footwear & Accessories
$5.62M$0.569.39%-$3.23M-1.51x6.07
BIRK
BIRKENSTOCK HOLDING PLC
NYSE
Footwear & Accessories
$8.42B$44.84-0.44%N/AN/A0.89
1

Shoe Stocks FAQ

What are the best shoe stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best footwear stocks to buy right now are:

1. Crocs (NASDAQ:CROX)


Crocs (NASDAQ:CROX) is the top shoe stock with a Zen Score of 60, which is 24 points higher than the shoe industry average of 36. It passed 20 out of 33 due diligence checks and has strong fundamentals. Crocs has seen its stock lose -15.01% over the past year, underperforming other shoe stocks by -46 percentage points.

Crocs has an average 1 year price target of $137.00, an upside of 10.92% from Crocs's current stock price of $123.51.

Crocs stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Crocs, 55.56% have issued a Strong Buy rating, 11.11% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Skechers Usa (NYSE:SKX)


Skechers Usa (NYSE:SKX) is the second best shoe stock with a Zen Score of 59, which is 23 points higher than the shoe industry average of 36. It passed 19 out of 33 due diligence checks and has strong fundamentals. Skechers Usa has seen its stock return 19.63% over the past year, underperforming other shoe stocks by -11 percentage points.

Skechers Usa has an average 1 year price target of $69.00, an upside of 17.31% from Skechers Usa's current stock price of $58.82.

Skechers Usa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Skechers Usa, 37.5% have issued a Strong Buy rating, 50% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Deckers Outdoor (NYSE:DECK)


Deckers Outdoor (NYSE:DECK) is the third best shoe stock with a Zen Score of 53, which is 17 points higher than the shoe industry average of 36. It passed 18 out of 33 due diligence checks and has strong fundamentals. Deckers Outdoor has seen its stock return 69.34% over the past year, overperforming other shoe stocks by 39 percentage points.

Deckers Outdoor has an average 1 year price target of $895.44, an upside of 11.03% from Deckers Outdoor's current stock price of $806.50.

Deckers Outdoor stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Deckers Outdoor, 31.25% have issued a Strong Buy rating, 31.25% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the shoe stocks with highest dividends?

Out of 6 shoe stocks that have issued dividends in the past year, the 3 shoe stocks with the highest dividend yields are:

1. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) has an annual dividend yield of 3.81%, which is 1 percentage points higher than the shoe industry average of 2.58%. Wolverine World Wide's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Wolverine World Wide's dividend has shown consistent growth over the last 10 years.

Wolverine World Wide's dividend payout ratio of -78.4% indicates that its dividend yield might not be sustainable for the long-term.

2. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.54%, which is 1 percentage points higher than the shoe industry average of 2.58%. Weyco Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Weyco Group's dividend has shown consistent growth over the last 10 years.

Weyco Group's dividend payout ratio of 38.9% indicates that its dividend yield is sustainable for the long-term.

3. Rocky Brands (NASDAQ:RCKY)


Rocky Brands (NASDAQ:RCKY) has an annual dividend yield of 2.33%, which is the same as the shoe industry average of 2.58%. Rocky Brands's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Rocky Brands's dividend has shown consistent growth over the last 10 years.

Rocky Brands's dividend payout ratio of 43.7% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks down?

Shoe stocks were down -3.84% in the last day, and up 0.1% over the last week. Deckers Outdoor was the among the top losers in the footwear & accessories industry, dropping -5.31% yesterday.

Deckers Outdoor shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $875 to $860.

What are the most undervalued shoe stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued shoe stocks right now are:

1. Crocs (NASDAQ:CROX)


Crocs (NASDAQ:CROX) is the most undervalued shoe stock based on WallStreetZen's Valuation Score. Crocs has a valuation score of 71, which is 36 points higher than the shoe industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Crocs's stock has dropped -15.01% in the past year. It has underperformed other stocks in the shoe industry by -46 percentage points.

2. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) is the second most undervalued shoe stock based on WallStreetZen's Valuation Score. Weyco Group has a valuation score of 71, which is 36 points higher than the shoe industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 7.13% in the past year. It has underperformed other stocks in the shoe industry by -24 percentage points.

3. Skechers Usa (NYSE:SKX)


Skechers Usa (NYSE:SKX) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Skechers Usa has a valuation score of 57, which is 22 points higher than the shoe industry average of 35. It passed 4 out of 7 valuation due diligence checks.

Skechers Usa's stock has gained 19.63% in the past year. It has underperformed other stocks in the shoe industry by -11 percentage points.

Are shoe stocks a good buy now?

45.45% of shoe stocks rated by analysts are a strong buy right now. On average, analysts expect shoe stocks to rise by 11.7% over the next year.

What is the average p/e ratio of the footwear & accessories industry?

The average P/E ratio of the footwear & accessories industry is 29.08x.
©2024 WallStreetZen
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletter
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.