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: A, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Rocky Brands (NASDAQ:RCKY) has a Due Diligence Score of 44, which is 7 points higher than the shoe industry average of 37.
RCKY passed 15 out of 38 due diligence checks and has strong fundamentals. Rocky Brands has seen its stock return 33.26% over the past year, overperforming other shoe stocks by 101 percentage points.
Rocky Brands has an average 1 year
price target of $40.00, an upside of 29.16% from Rocky Brands's current stock price of $30.97.
Rocky Brands stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Rocky Brands, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Wolverine World Wide (NYSE:WWW)
The Component Grade breakdown for Wolverine World Wide (NYSE:WWW) is: Value: B, Growth: C, Momentum: D, Sentiment: B, Safety: B, Financials: B, and AI: C.
Wolverine World Wide (NYSE:WWW) has a Due Diligence Score of 43, which is 6 points higher than the shoe industry average of 37.
WWW passed 15 out of 38 due diligence checks and has strong fundamentals. Wolverine World Wide has seen its stock lose -23.46% over the past year, overperforming other shoe stocks by 45 percentage points.
Wolverine World Wide has an average 1 year
price target of $25.43, an upside of 37.01% from Wolverine World Wide's current stock price of $18.56.
Wolverine World Wide stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Wolverine World Wide, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Designer Brands (NYSE:DBI)
The Component Grade breakdown for Designer Brands (NYSE:DBI) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Designer Brands (NYSE:DBI) has a Due Diligence Score of 10, which is -27 points lower than the shoe industry average of 37. Although this number is below the industry average, our proven quant model rates DBI as a "B".
DBI passed 3 out of 38 due diligence checks and has weak fundamentals. Designer Brands has seen its stock return 42.16% over the past year, overperforming other shoe stocks by 110 percentage points.
Designer Brands has an average 1 year
price target of $7.00, a downside of -14.22% from Designer Brands's current stock price of $8.16.
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.