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. Crocs (NASDAQ:CROX)
Crocs (NASDAQ:CROX) is the #1 top shoe stock out of 13 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Crocs (NASDAQ:CROX) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: B.
Crocs (NASDAQ:CROX) has a Due Diligence Score of 32, which is -7 points lower than the shoe industry average of 39. Although this number is below the industry average, our proven quant model rates CROX as a "B".
CROX passed 10 out of 33 due diligence checks and has average fundamentals. Crocs has seen its stock lose -17.84% over the past year, underperforming other shoe stocks by -2 percentage points.
Crocs has an average 1 year
price target of $109.14, an upside of 12.33% from Crocs's current stock price of $97.16.
Crocs stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Crocs, 0% have issued a Strong Buy rating, 28.57% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 14.29% have issued a Strong Sell.
2. Weyco Group (NASDAQ:WEYS)
The Component Grade breakdown for Weyco Group (NASDAQ:WEYS) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: B.
Weyco Group (NASDAQ:WEYS) has a Due Diligence Score of 43, which is 4 points higher than the shoe industry average of 39.
WEYS passed 14 out of 38 due diligence checks and has strong fundamentals. Weyco Group has seen its stock return 8.5% over the past year, overperforming other shoe stocks by 25 percentage points.
3. Designer Brands (NYSE:DBI)
The Component Grade breakdown for Designer Brands (NYSE:DBI) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Designer Brands (NYSE:DBI) has a Due Diligence Score of 15, which is -24 points lower than the shoe industry average of 39. Although this number is below the industry average, our proven quant model rates DBI as a "B".
DBI passed 5 out of 38 due diligence checks and has weak fundamentals. Designer Brands has seen its stock return 80.49% over the past year, overperforming other shoe stocks by 97 percentage points.
Designer Brands has an average 1 year
price target of $6.75, an upside of 1.35% from Designer Brands's current stock price of $6.66.
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.