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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
WEYS
WEYCO GROUP INC
$237.70M3.86%31.10%$0.2400$0.9665%02023-03-31
SHOO
STEVEN MADDEN LTD
$2.76B2.34%29.60%$0.2100$0.8442%0
RCKY
ROCKY BRANDS INC
$169.55M2.69%22.10%$0.1550$0.6248%0
CROX
CROCS INC
$7.36BN/A0.00%N/AN/AN/AN/A
DECK
DECKERS OUTDOOR CORP
$11.91BN/A0.00%N/AN/AN/AN/A
CAL
CALERES INC
$760.01M1.31%5.60%$0.0700$0.2822%02023-04-06
NKE
NIKE INC
$186.83B1.07%35.00%$0.3400$1.2917%02023-04-03
SKX
SKECHERS USA INC
$7.17BN/A0.00%N/AN/AN/AN/A
FL
FOOT LOCKER INC
$3.74B4.00%44.20%$0.4000$1.6067%12023-04-132023-04-28
AREB
AMERICAN REBEL HOLDINGS INC
$2.43MN/A0.00%N/AN/AN/AN/A
VRA
VERA BRADLEY INC
$180.15MN/A0.00%N/AN/AN/AN/A
WWW
WOLVERINE WORLD WIDE INC
$1.27B2.49%-16.90%$0.1000$0.4044%12023-03-312023-05-01
FORD
FORWARD INDUSTRIES INC
$10.56MN/A0.00%N/AN/AN/AN/A
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Shoe Stocks FAQ

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

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

1. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) is the top shoe stock with a Zen Score of 51, which is 15 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 4.14% over the past year, underperforming other shoe stocks by -16 percentage points.

2. Steven Madden (NASDAQ:SHOO)


Steven Madden (NASDAQ:SHOO) is the second best shoe stock with a Zen Score of 51, which is 15 points higher than the shoe industry average of 36. It passed 18 out of 38 due diligence checks and has strong fundamentals. Steven Madden has seen its stock lose -12.72% over the past year, underperforming other shoe stocks by -33 percentage points.

Steven Madden has an average 1 year price target of $34.60, a downside of -3.62% from Steven Madden's current stock price of $35.90.

Steven Madden stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Steven Madden, 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.

3. Rocky Brands (NASDAQ:RCKY)


Rocky Brands (NASDAQ:RCKY) is the third best shoe stock with a Zen Score of 49, which is 13 points higher than the shoe industry average of 36. It passed 17 out of 38 due diligence checks and has strong fundamentals. Rocky Brands has seen its stock lose -48.6% over the past year, underperforming other shoe stocks by -69 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 4%, which is 1 percentage points higher than the shoe industry average of 2.54%. 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 dividend yield is sustainable for the long-term.

2. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.86%, which is 1 percentage points higher than the shoe industry average of 2.54%. 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 31.1% 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 2.69%, which is the same as the shoe industry average of 2.54%. 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 22.1% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks up?

Shoe stocks were up 0.53% in the last day, and up 2.97% over the last week.

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

What are the most undervalued shoe stocks?

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

1. Rocky Brands (NASDAQ:RCKY)


Rocky Brands (NASDAQ:RCKY) is the most undervalued shoe stock based on WallStreetZen's Valuation Score. Rocky Brands has a valuation score of 86, which is 40 points higher than the shoe industry average of 46. It passed 6 out of 7 valuation due diligence checks.

Rocky Brands's stock has dropped -48.6% in the past year. It has underperformed other stocks in the shoe industry by -69 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 86, which is 40 points higher than the shoe industry average of 46. It passed 6 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 4.14% in the past year. It has underperformed other stocks in the shoe industry by -16 percentage points.

3. Caleres (NYSE:CAL)


Caleres (NYSE:CAL) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Caleres has a valuation score of 71, which is 25 points higher than the shoe industry average of 46. It passed 5 out of 7 valuation due diligence checks.

Caleres's stock has gained 1.67% in the past year. It has underperformed other stocks in the shoe industry by -19 percentage points.

Are shoe stocks a good buy now?

44.44% of shoe stocks rated by analysts are a buy right now. On average, analysts expect shoe stocks to rise by 9.68% 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 30.89x.
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