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

Industry: Footwear & Accessories

Overview Due Diligence 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	$30.32B	$199.55	$198.98	-0.29%	Buy	14	7.21%	5.45%	44.21%	28.93%
CROX	CROCS INC	$6.40B	$109.75	$149.27	36.01%	Strong Buy	11	1.92%	-1.88%	47.35%	17.33%
ONON	ON HOLDING AG	$18.64B	$57.64	$57.71	0.11%	Strong Buy	17	15.91%	37.64%	47.66%	28.65%
WEYS	WEYCO GROUP INC	$321.77M	$33.66	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SHOO	STEVEN MADDEN LTD	$3.23B	$44.74	$45.25	1.14%	Hold	4	3.00%	10.99%	27.36%	15.66%
SKX	SKECHERS USA INC	$10.73B	$71.05	$80.11	12.75%	Strong Buy	9	6.12%	8.78%	19.05%	9.60%
NKE	NIKE INC	$117.43B	$78.89	$94.32	19.56%	Buy	28	1.06%	-0.34%	36.95%	13.61%
RCKY	ROCKY BRANDS INC	$162.42M	$21.79	$25.00	14.73%	Hold	1	-0.01%	N/A	N/A	N/A
VRA	VERA BRADLEY INC	$159.48M	$5.65	$6.00	6.19%	Strong Buy	1	0.28%	225.96%	4.95%	3.16%
BIRK	BIRKENSTOCK HOLDING PLC	$10.06B	$53.55	$67.30	25.68%	Strong Buy	10	5.87%	65.33%	N/A	N/A
WWW	WOLVERINE WORLD WIDE INC	$1.84B	$22.99	$17.33	-24.61%	Buy	6	1.44%	N/A	46.23%	7.57%
AREB	AMERICAN REBEL HOLDINGS INC	$1.67M	$1.80	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
DBI	DESIGNER BRANDS INC	$323.01M	$5.82	$5.75	-1.20%	Hold	2	1.57%	N/A	11.55%	1.95%
FORD	FORWARD INDUSTRIES INC	$4.67M	$4.24	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Shoe Stocks FAQ

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

According to Due Diligence 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 Due Diligence Score of 61, which is 21 points higher than the shoe industry average of 40. It passed 21 out of 33 due diligence checks and has strong fundamentals. Deckers Outdoor has seen its stock return 74.09% over the past year, overperforming other shoe stocks by 56 percentage points.

Deckers Outdoor has an average 1 year price target of $198.98, a downside of -0.29% from Deckers Outdoor's current stock price of $199.55.

Deckers Outdoor stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Deckers Outdoor, 42.86% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% 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 Due Diligence Score of 59, which is 19 points higher than the shoe industry average of 40. It passed 19 out of 33 due diligence checks and has strong fundamentals. Crocs has seen its stock return 5.86% over the past year, underperforming other shoe stocks by -12 percentage points.

Crocs has an average 1 year price target of $149.27, an upside of 36.01% from Crocs's current stock price of $109.75.

Crocs stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Crocs, 54.55% have issued a Strong Buy rating, 27.27% have issued a Buy, 18.18% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. On Holding Ag (NYSE:ONON)

On Holding Ag (NYSE:ONON) is the third best shoe stock with a Due Diligence Score of 58, which is 18 points higher than the shoe industry average of 40. It passed 20 out of 33 due diligence checks and has strong fundamentals. On Holding Ag has seen its stock return 108.92% over the past year, overperforming other shoe stocks by 91 percentage points.

On Holding Ag has an average 1 year price target of $57.71, an upside of 0.11% from On Holding Ag's current stock price of $57.64.

On Holding Ag stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering On Holding Ag, 70.59% have issued a Strong Buy rating, 29.41% have issued a Buy, 0% 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. Weyco Group (NASDAQ:WEYS)

Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 9%, which is 6 percentage points higher than the shoe industry average of 3.25%. 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 33.4% indicates that its high dividend yield is sustainable for the long-term.

2. Rocky Brands (NASDAQ:RCKY)

Rocky Brands (NASDAQ:RCKY) has an annual dividend yield of 2.85%, which is the same as the shoe industry average of 3.25%. 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 34.4% indicates that its dividend yield is sustainable for the long-term.

3. Designer Brands (NYSE:DBI)

Designer Brands (NYSE:DBI) has an annual dividend yield of 2.58%, which is -1 percentage points lower than the shoe industry average of 3.25%. Designer Brands's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Designer Brands's dividend has not shown consistent growth over the last 10 years.

Designer Brands's dividend payout ratio of -375% indicates that its dividend yield might not be sustainable for the long-term.

Why are shoe stocks down?

Shoe stocks were down -0.08% in the last day, and up 1.99% over the last week.

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

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 41 points higher than the shoe industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Crocs's stock has gained 5.86% in the past year. It has underperformed other stocks in the shoe industry by -12 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 41 points higher than the shoe industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 11.94% in the past year. It has underperformed other stocks in the shoe industry by -6 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 13 points higher than the shoe industry average of 30. It passed 3 out of 7 valuation due diligence checks.

Rocky Brands's stock has dropped -25.43% in the past year. It has underperformed other stocks in the shoe industry by -44 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 11.26% 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 35.86x.

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.