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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 & RevenueDividendsOwnershipTechnicals
Ticker
Company
Price
Volume
Vol 1d %
SMA 10
SMA 20
SMA 50
SMA 100
SMA 200
RSI
Stochastic %K
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StochRSI %K
StochRSI %D
MACD
MACD Signal
MACD Histogram
Beta
CROX
CROCS INC
$125.40846,9446.71%123.15128.52127.87114.61104.9646.8540.6737.0372.3466.26-1.62-1.08-0.541.59
SKX
SKECHERS USA INC
$65.417,702,192203.38%58.4758.3259.7160.6155.6972.0271.0575.3290.5992.550.19-0.530.731.24
WEYS
WEYCO GROUP INC
$29.229,2629.44%28.5929.2830.2730.8728.8548.2840.0837.3363.6954.34-0.48-0.490.000.91
ONON
ON HOLDING AG
$32.792,087,05519.08%32.4332.7333.1330.6930.0150.3539.3539.5652.8248.06-0.20-0.14-0.061.91
DECK
DECKERS OUTDOOR CORP
$833.46268,358-44.20%819.35844.34880.90808.42680.5746.0738.6935.9677.0472.91-18.48-18.680.201.18
NKE
NIKE INC
$94.126,077,43314.74%94.2592.4197.21102.61102.7848.7373.3373.4179.8681.35-0.55-1.110.561.05
SHOO
STEVEN MADDEN LTD
$40.48585,677-25.30%39.5540.0941.4541.6037.6551.1262.4658.4090.0292.22-0.40-0.560.171.15
RCKY
ROCKY BRANDS INC
$26.4925,02117.22%26.4226.6526.9327.6823.1749.3674.9572.9067.7972.61-0.02-0.060.051.28
VRA
VERA BRADLEY INC
$6.75143,478-13.53%6.536.546.877.197.0554.2981.3475.1285.4185.79-0.04-0.100.061.25
WWW
WOLVERINE WORLD WIDE INC
$10.90662,226-19.06%10.019.939.989.389.2464.0593.0591.3996.6497.760.130.010.131.29
DBI
DESIGNER BRANDS INC
$9.66825,887-20.44%9.009.269.929.4110.1652.6870.2762.2188.1287.41-0.22-0.320.111.73
AREB
AMERICAN REBEL HOLDINGS INC
$0.34413,082-38.19%0.330.320.310.290.5955.2568.4372.2952.9458.640.010.010.000.72
FORD
FORWARD INDUSTRIES INC
$0.5441,09133.30%0.520.540.600.660.7346.3637.8229.8380.4969.56-0.02-0.020.000.55
BIRK
BIRKENSTOCK HOLDING PLC
$45.45392,718-34.91%21.1820.6520.4321.59N/A53.0571.1383.1250.2572.640.360.250.101.14
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 -15.14% over the past year, underperforming other shoe stocks by -49 percentage points.

Crocs has an average 1 year price target of $137.00, an upside of 9.25% from Crocs's current stock price of $125.40.

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 30.77% over the past year, underperforming other shoe stocks by -3 percentage points.

Skechers Usa has an average 1 year price target of $70.00, an upside of 7.02% from Skechers Usa's current stock price of $65.41.

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 9.85% over the past year, underperforming other shoe stocks by -24 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 3.67%, which is 1 percentage points higher than the shoe industry average of 2.51%. 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 2.51%. 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 2.34%, which is the same as the shoe industry average of 2.51%. 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 up?

Shoe stocks were up 3.08% in the last day, and up 4.27% over the last week. Skechers Usa was the among the top gainers in the footwear & accessories industry, gaining 11.2% yesterday.

Skechers USA shares ares trading higher after the company reported better-than-expected Q1 financial results.

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 37 points higher than the shoe industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Crocs's stock has dropped -15.14% in the past year. It has underperformed other stocks in the shoe industry by -49 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 37 points higher than the shoe industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 9.85% 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 23 points higher than the shoe industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Skechers Usa's stock has gained 30.77% in the past year. It has underperformed other stocks in the shoe industry by -3 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 8.5% 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 29.47x.
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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.