Sectors & Industries Consumer CyclicalFootwear & Accessories
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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Div. Payment Date
SKX	SKECHERS USA INC	$8.65B	N/A	0.00%	N/A	N/A	N/A	N/A
CROX	CROCS INC	$7.29B	N/A	0.00%	N/A	N/A	N/A	N/A
DECK	DECKERS OUTDOOR CORP	$20.54B	N/A	0.00%	N/A	N/A	N/A	N/A
ONON	ON HOLDING AG	$10.06B	N/A	0.00%	N/A	N/A	N/A	N/A
WEYS	WEYCO GROUP INC	$277.04M	3.43%	38.90%	$0.2500	$1.00	60%	0
SHOO	STEVEN MADDEN LTD	$2.89B	2.15%	35.90%	$0.2100	$0.84	42%	0
NKE	NIKE INC	$142.68B	1.50%	41.30%	$0.3700	$1.42	29%	0
RCKY	ROCKY BRANDS INC	$197.75M	2.33%	43.70%	$0.1550	$0.62	45%	0
VRA	VERA BRADLEY INC	$198.28M	N/A	0.00%	N/A	N/A	N/A	N/A
WWW	WOLVERINE WORLD WIDE INC	$779.92M	4.09%	-78.40%	$0.1000	$0.40	69%	0	2024-05-01
DBI	DESIGNER BRANDS INC	$503.14M	2.28%	42.60%	$0.0500	$0.20	44%	2
AREB	AMERICAN REBEL HOLDINGS INC	$1.77M	N/A	0.00%	N/A	N/A	N/A	N/A
FORD	FORWARD INDUSTRIES INC	$5.04M	N/A	0.00%	N/A	N/A	N/A	N/A
BIRK	BIRKENSTOCK HOLDING PLC	$8.01B	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 Apr 2024?

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

1. Skechers Usa (NYSE:SKX)

Skechers Usa (NYSE:SKX) is the top shoe stock with a Zen Score of 59, which is 23 points higher than the shoe industry average of 36. It passed 19 out of 33 due diligence checks and has strong fundamentals. Skechers Usa has seen its stock return 13.27% over the past year, underperforming other shoe stocks by -15 percentage points.

Skechers Usa has an average 1 year price target of $69.00, an upside of 22.32% from Skechers Usa's current stock price of $56.41.

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.

2. Crocs (NASDAQ:CROX)

Crocs (NASDAQ:CROX) is the second best shoe stock with a Zen Score of 57, which is 21 points higher than the shoe industry average of 36. It passed 19 out of 33 due diligence checks and has strong fundamentals. Crocs has seen its stock lose -16.51% over the past year, underperforming other shoe stocks by -45 percentage points.

Crocs has an average 1 year price target of $138.63, an upside of 15% from Crocs's current stock price of $120.54.

Crocs stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Crocs, 62.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Deckers Outdoor (NYSE:DECK)

Deckers Outdoor (NYSE:DECK) is the third best shoe stock with a Zen Score of 53, which is 17 points higher than the shoe industry average of 36. It passed 18 out of 33 due diligence checks and has strong fundamentals. Deckers Outdoor has seen its stock return 66.51% over the past year, overperforming other shoe stocks by 38 percentage points.

Deckers Outdoor has an average 1 year price target of $897.80, an upside of 12.17% from Deckers Outdoor's current stock price of $800.38.

Deckers Outdoor stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Deckers Outdoor, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% 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. Wolverine World Wide (NYSE:WWW)

Wolverine World Wide (NYSE:WWW) has an annual dividend yield of 4.09%, which is 1 percentage points higher than the shoe industry average of 2.63%. 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 -78.4% indicates that its dividend yield might not be sustainable for the long-term.

2. Weyco Group (NASDAQ:WEYS)

Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.43%, which is 1 percentage points higher than the shoe industry average of 2.63%. 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.

3. Rocky Brands (NASDAQ:RCKY)

Rocky Brands (NASDAQ:RCKY) has an annual dividend yield of 2.33%, which is the same as the shoe industry average of 2.63%. 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 43.7% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks down?

Shoe stocks were down -1.05% in the last day, and down -1.28% 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 57, which is 23 points higher than the shoe industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Crocs's stock has dropped -16.51% in the past year. It has underperformed other stocks in the shoe industry by -45 percentage points.

2. Steven Madden (NASDAQ:SHOO)

Steven Madden (NASDAQ:SHOO) is the second most undervalued shoe stock based on WallStreetZen's Valuation Score. Steven Madden has a valuation score of 57, which is 23 points higher than the shoe industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Steven Madden's stock has gained 11.29% in the past year. It has underperformed other stocks in the shoe industry by -17 percentage points.

3. Weyco Group (NASDAQ:WEYS)

Weyco Group (NASDAQ:WEYS) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Weyco Group has a valuation score of 57, which is 23 points higher than the shoe industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 8.73% in the past year. It has underperformed other stocks in the shoe industry by -20 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 13.39% 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 29.13x.

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.