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: B, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Rocky Brands (NASDAQ:RCKY) has a Due Diligence Score of 54, which is 18 points higher than the shoe industry average of 36.
RCKY passed 19 out of 38 due diligence checks and has strong fundamentals. Rocky Brands has seen its stock return 159.57% over the past year, overperforming other shoe stocks by 259 percentage points.
2. Designer Brands (NYSE:DBI)
The Component Grade breakdown for Designer Brands (NYSE:DBI) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Designer Brands (NYSE:DBI) has a Due Diligence Score of 15, which is -21 points lower than the shoe industry average of 36. Although this number is below the industry average, our proven quant model rates DBI as a "B".
DBI passed 5 out of 38 due diligence checks and has weak fundamentals. Designer Brands has seen its stock return 155.94% over the past year, overperforming other shoe stocks by 256 percentage points.
Designer Brands has an average 1 year
price target of $6.75, a downside of -7.79% from Designer Brands's current stock price of $7.32.
Designer Brands stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Designer 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.
3. Vera Bradley (NASDAQ:VRA)
The Component Grade breakdown for Vera Bradley (NASDAQ:VRA) is: Value: D, Growth: C, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: C.
Vera Bradley (NASDAQ:VRA) has a Due Diligence Score of 21, which is -15 points lower than the shoe industry average of 36. Although this number is below the industry average, our proven quant model rates VRA as a "B".
VRA passed 6 out of 33 due diligence checks and has weak fundamentals. Vera Bradley has seen its stock return 107.69% over the past year, overperforming other shoe stocks by 207 percentage points.