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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 ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
CROX
CROCS INC
$8.22B$135.42$145.677.57%Strong Buy94.17%7.88%N/AN/A
SKX
SKECHERS USA INC
$10.22B$66.98$70.004.51%Strong Buy88.41%17.88%N/AN/A
WEYS
WEYCO GROUP INC
$268.20M$28.21N/AN/AN/AN/AN/AN/AN/AN/A
ONON
ON HOLDING AG
$10.51B$32.98$37.2512.95%Strong Buy1225.90%99.47%N/AN/A
DECK
DECKERS OUTDOOR CORP
$21.91B$853.48$895.444.92%Buy1611.43%-11.57%N/AN/A
NKE
NIKE INC
$141.26B$93.59$115.0722.96%Buy272.47%8.76%N/AN/A
SHOO
STEVEN MADDEN LTD
$2.99B$40.76$42.333.86%Hold66.00%N/AN/AN/A
RCKY
ROCKY BRANDS INC
$268.22M$36.16$28.00-22.57%Hold2-2.21%N/AN/AN/A
VRA
VERA BRADLEY INC
$223.22M$7.25$10.0037.93%Strong Buy13.26%N/AN/AN/A
WWW
WOLVERINE WORLD WIDE INC
$1.02B$12.74$10.75-15.62%Hold4-5.23%N/AN/AN/A
DBI
DESIGNER BRANDS INC
$550.65M$9.62$9.33-2.98%Hold32.18%N/AN/AN/A
AREB
AMERICAN REBEL HOLDINGS INC
$2.28M$0.39N/AN/AN/AN/AN/AN/AN/AN/A
FORD
FORWARD INDUSTRIES INC
$5.31M$0.53N/AN/AN/AN/AN/AN/AN/AN/A
BIRK
BIRKENSTOCK HOLDING PLC
$8.43B$44.89$55.5023.64%Buy6N/AN/AN/AN/A
1

Shoe Stocks FAQ

What are the best shoe stocks to buy right now in May 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 56, which is 21 points higher than the shoe industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Crocs has seen its stock return 15.99% over the past year, underperforming other shoe stocks by -25 percentage points.

Crocs has an average 1 year price target of $145.67, an upside of 7.57% from Crocs's current stock price of $135.42.

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 53, which is 18 points higher than the shoe industry average of 35. It passed 17 out of 33 due diligence checks and has strong fundamentals. Skechers Usa has seen its stock return 27.8% over the past year, underperforming other shoe stocks by -13 percentage points.

Skechers Usa has an average 1 year price target of $70.00, an upside of 4.51% from Skechers Usa's current stock price of $66.98.

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 17 points higher than the shoe industry average of 35. It passed 17 out of 38 due diligence checks and has strong fundamentals. Weyco Group has seen its stock return 7.47% over the past year, underperforming other shoe stocks by -34 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. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.54%, which is 1 percentage points higher than the shoe industry average of 2.34%. 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.

2. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) has an annual dividend yield of 3.14%, which is 1 percentage points higher than the shoe industry average of 2.34%. 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 -43% indicates that its dividend yield might not be sustainable for the long-term.

3. Designer Brands (NYSE:DBI)


Designer Brands (NYSE:DBI) has an annual dividend yield of 2.08%, which is the same as the shoe industry average of 2.34%. 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 42.6% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks down?

Shoe stocks were down -0.56% in the last day, and up 4.58% 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 39 points higher than the shoe industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Crocs's stock has gained 15.99% in the past year. It has underperformed other stocks in the shoe industry by -25 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 39 points higher than the shoe industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 7.47% in the past year. It has underperformed other stocks in the shoe industry by -34 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 11 points higher than the shoe industry average of 32. It passed 3 out of 7 valuation due diligence checks.

Rocky Brands's stock has gained 79.19% in the past year. It has overperformed other stocks in the shoe industry by 38 percentage points.

Are shoe stocks a good buy now?

36.36% of shoe stocks rated by analysts are a strong buy right now. On average, analysts expect shoe stocks to rise by 6.41% 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 29.42x.
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