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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & Revenue
DividendsOwnershipTechnicals
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
CROX
CROCS INC
$7.52B$3.96B$1.09B$792.57M$12.9111.46%29.49%46.37%N/A2024-05-07
SKX
SKECHERS USA INC
$10.23B$8.25B$945.91M$591.98M$3.858.17%12.06%45.28%15.29%2024-05-23
WEYS
WEYCO GROUP INC
$278.38M$318.05M$44.24M$30.19M$3.19-9.58%1.29%3.24%9.68%2024-05-07
ONON
ON HOLDING AG
$10.60B$2.04B$139.43M$90.45M$0.2862.35%N/A53.61%N/A2024-05-23
DECK
DECKERS OUTDOOR CORP
$21.62B$4.12B$988.61M$723.81M$27.9815.34%15.24%50.35%25.75%2024-05-23
NKE
NIKE INC
$139.09B$51.58B$6.96B$5.23B$3.441.89%5.90%-1.99%5.52%2024-06-27
SHOO
STEVEN MADDEN LTD
$2.91B$2.07B$244.16M$178.76M$2.462.17%3.96%4.24%8.18%2024-05-22
RCKY
ROCKY BRANDS INC
$260.43M$461.83M$46.31M$10.43M$1.42-24.96%12.82%-49.29%-6.24%2024-06-05
VRA
VERA BRADLEY INC
$210.60M$470.79M$42.35M$7.84M$0.25-5.84%2.50%N/A-15.78%
WWW
WOLVERINE WORLD WIDE INC
$857.27M$2.24B-$36.00M-$39.60M-$0.51-16.46%0.03%N/AN/A2024-05-08
DBI
DESIGNER BRANDS INC
$545.50M$3.07B$138.35M$29.06M$0.47-7.25%-0.66%-80.50%N/A2024-06-06
AREB
AMERICAN REBEL HOLDINGS INC
$2.03M$16.23M-$10.59M-$11.10M-$3.8192.06%162.07%N/AN/A2024-05-06
FORD
FORWARD INDUSTRIES INC
$5.15M$33.03M-$3.23M-$3.66M-$0.37-9.12%-2.94%N/AN/A2024-06-10
BIRK
BIRKENSTOCK HOLDING PLC
$8.41BN/AN/AN/AN/AN/AN/AN/AN/A
1

Shoe Stocks FAQ

What are the best shoe stocks to buy right now in May 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 return 3.45% over the past year, underperforming other shoe stocks by -36 percentage points.

Crocs has an average 1 year price target of $140.78, an upside of 13.27% from Crocs's current stock price of $124.28.

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 53, which is 17 points higher than the shoe industry average of 36. It passed 17 out of 33 due diligence checks and has strong fundamentals. Skechers Usa has seen its stock return 25.35% over the past year, underperforming other shoe stocks by -14 percentage points.

Skechers Usa has an average 1 year price target of $70.00, an upside of 4.32% from Skechers Usa's current stock price of $67.10.

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. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) is the third best shoe stock with a Zen Score of 52, which is 16 points higher than the shoe industry average of 36. It passed 17 out of 38 due diligence checks and has strong fundamentals. Weyco Group has seen its stock return 12.18% over the past year, underperforming other shoe stocks by -27 percentage points.

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 3.72%, which is 1 percentage points higher than the shoe industry average of 2.44%. 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 3.42%, which is 1 percentage points higher than the shoe industry average of 2.44%. 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. Steven Madden (NASDAQ:SHOO)


Steven Madden (NASDAQ:SHOO) has an annual dividend yield of 2.12%, which is the same as the shoe industry average of 2.44%. Steven Madden's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Steven Madden's dividend has shown consistent growth over the last 10 years.

Steven Madden's dividend payout ratio of 34.1% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks up?

Shoe stocks were up 0.66% in the last day, and up 1.13% over the last week.

We couldn't find a catalyst for why shoe stocks are up.

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 38 points higher than the shoe industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Crocs's stock has gained 3.45% in the past year. It has underperformed other stocks in the shoe industry by -36 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 38 points higher than the shoe industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 12.18% in the past year. It has underperformed other stocks in the shoe industry by -27 percentage points.

3. Rocky Brands (NASDAQ:RCKY)


Rocky Brands (NASDAQ:RCKY) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Rocky Brands has a valuation score of 43, which is 10 points higher than the shoe industry average of 33. It passed 3 out of 7 valuation due diligence checks.

Rocky Brands's stock has gained 67.27% in the past year. It has overperformed other stocks in the shoe industry by 28 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 7.88% 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 29.25x.
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