Sectors & Industries Consumer CyclicalFootwear & Accessories
Best Shoe Stocks to Buy Now (2023)
Top shoe stocks in 2023 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 Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
DECK	DECKERS OUTDOOR CORP	$12.17B	$465.18	$533.50	14.69%	Strong Buy	10	8.86%	11.35%	36.93%	25.51%
CROX	CROCS INC	$6.62B	$106.74	$152.60	42.96%	Buy	5	11.74%	14.57%	N/A	N/A
WEYS	WEYCO GROUP INC	$256.47M	$26.97	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SKX	SKECHERS USA INC	$7.90B	$51.07	$53.67	5.09%	Buy	9	8.57%	31.86%	19.16%	10.10%
SHOO	STEVEN MADDEN LTD	$2.36B	$31.00	$37.60	21.29%	Hold	5	N/A	N/A	29.81%	20.31%
CAL	CALERES INC	$652.05M	$18.30	$25.00	36.61%	Hold	1	2.75%	1.49%	43.45%	9.95%
FL	FOOT LOCKER INC	$2.45B	$26.27	$37.94	44.44%	Hold	18	-1.49%	16.38%	11.41%	4.75%
NKE	NIKE INC	$165.24B	$107.51	$130.99	21.84%	Buy	31	5.21%	10.44%	56.06%	21.27%
RCKY	ROCKY BRANDS INC	$141.79M	$19.28	$25.00	29.67%	Hold	1	N/A	N/A	18.57%	7.38%
VRA	VERA BRADLEY INC	$146.70M	$4.78	$9.00	88.28%	Strong Buy	1	5.49%	N/A	7.81%	4.86%
WWW	WOLVERINE WORLD WIDE INC	$1.14B	$14.36	$16.67	16.07%	Buy	6	5.78%	N/A	73.69%	9.96%
FORD	FORWARD INDUSTRIES INC	$10.25M	$1.02	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AREB	AMERICAN REBEL HOLDINGS INC	$3.25M	$0.19	$1.50	681.25%	Strong Buy	1	N/A	N/A	N/A	N/A

Shoe Stocks FAQ

What are the best shoe stocks to buy right now in May 2023?

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

1. Deckers Outdoor (NYSE:DECK)

Deckers Outdoor (NYSE:DECK) is the top shoe stock with a Zen Score of 62, which is 20 points higher than the shoe industry average of 42. It passed 21 out of 33 due diligence checks and has strong fundamentals. Deckers Outdoor has seen its stock return 77.44% over the past year, overperforming other shoe stocks by 44 percentage points.

Deckers Outdoor has an average 1 year price target of $533.50, an upside of 14.69% from Deckers Outdoor's current stock price of $465.18.

Deckers Outdoor stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Deckers Outdoor, 50% have issued a Strong Buy rating, 40% have issued a Buy, 10% 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 second best shoe stock with a Zen Score of 60, which is 18 points higher than the shoe industry average of 42. It passed 20 out of 33 due diligence checks and has strong fundamentals. Crocs has seen its stock return 100.34% over the past year, overperforming other shoe stocks by 67 percentage points.

Crocs has an average 1 year price target of $152.60, an upside of 42.96% from Crocs's current stock price of $106.74.

Crocs stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Crocs, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% 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 58, which is 16 points higher than the shoe industry average of 42. It passed 20 out of 38 due diligence checks and has strong fundamentals. Weyco Group has seen its stock lose -0.48% over the past year, underperforming other shoe stocks by -33 percentage points.

What are the shoe stocks with highest dividends?

Out of 7 shoe stocks that have issued dividends in the past year, the 3 shoe stocks with the highest dividend yields are:

1. Foot Locker (NYSE:FL)

Foot Locker (NYSE:FL) has an annual dividend yield of 6.09%, which is 3 percentage points higher than the shoe industry average of 3.02%. Foot Locker's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Foot Locker's dividend has shown consistent growth over the last 10 years.

Foot Locker's dividend payout ratio of 44.2% indicates that its high dividend yield is sustainable for the long-term.

2. Weyco Group (NASDAQ:WEYS)

Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.6%, which is 1 percentage points higher than the shoe industry average of 3.02%. 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 27.7% 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 3.22%, which is the same as the shoe industry average of 3.02%. 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 35.4% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks up?

Shoe stocks were up 2.15% in the last day, and down -0.93% over the last week. Deckers Outdoor was the among the top gainers in the footwear & accessories industry, gaining 3.37% yesterday.

Deckers Outdoor shares are trading lower after the company reported a year-over-year increase in Q4 EPS results, better-than-expected Q4 sales results and issued FY24 guidance.

What are the most undervalued shoe stocks?

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

1. Weyco Group (NASDAQ:WEYS)

Weyco Group (NASDAQ:WEYS) is the most undervalued shoe stock based on WallStreetZen's Valuation Score. Weyco Group has a valuation score of 86, which is 38 points higher than the shoe industry average of 48. It passed 6 out of 7 valuation due diligence checks.

Weyco Group's stock has dropped -0.48% in the past year. It has underperformed other stocks in the shoe industry by -33 percentage points.

2. Foot Locker (NYSE:FL)

Foot Locker (NYSE:FL) is the second most undervalued shoe stock based on WallStreetZen's Valuation Score. Foot Locker has a valuation score of 71, which is 23 points higher than the shoe industry average of 48. It passed 5 out of 7 valuation due diligence checks.

Foot Locker's stock has dropped -19.66% in the past year. It has underperformed other stocks in the shoe industry by -53 percentage points.

3. Crocs (NASDAQ:CROX)

Crocs (NASDAQ:CROX) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Crocs has a valuation score of 71, which is 23 points higher than the shoe industry average of 48. It passed 5 out of 7 valuation due diligence checks.

Crocs's stock has gained 100.34% in the past year. It has overperformed other stocks in the shoe industry by 67 percentage points.

Are shoe stocks a good buy now?

36.36% of shoe stocks rated by analysts are a buy right now. On average, analysts expect shoe stocks to rise by 21.17% 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 28.24x.

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.