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 +17.17% 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 21, which is -17 points lower than the shoe industry average of 38. Although this number is below the industry average, our proven quant model rates CROX as a "B".
CROX passed 7 out of 33 due diligence checks and has weak fundamentals. Crocs has seen its stock return 17.37% over the past year, overperforming other shoe stocks by 18 percentage points.
Crocs has an average 1 year
price target of $126.11, an upside of 0.66% from Crocs's current stock price of $125.28.
Crocs stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Crocs, 22.22% 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 11.11% have issued a Strong Sell.
2. Weyco Group (NASDAQ:WEYS)
The Component Grade breakdown for Weyco Group (NASDAQ:WEYS) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: B.
Weyco Group (NASDAQ:WEYS) has a Due Diligence Score of 38, which is equal to the shoe industry average of 38.
WEYS passed 12 out of 38 due diligence checks and has average fundamentals. Weyco Group has seen its stock return 17.6% over the past year, overperforming other shoe stocks by 19 percentage points.
3. Designer Brands (NYSE:DBI)
The Component Grade breakdown for Designer Brands (NYSE:DBI) is: Value: C, Growth: A, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Designer Brands (NYSE:DBI) has a Due Diligence Score of 31, which is -7 points lower than the shoe industry average of 38. Although this number is below the industry average, our proven quant model rates DBI as a "B".
DBI passed 11 out of 38 due diligence checks and has average fundamentals. Designer Brands has seen its stock return 95.05% over the past year, overperforming other shoe stocks by 96 percentage points.
Designer Brands has an average 1 year
price target of $7.83, an upside of 41.9% from Designer Brands's current stock price of $5.52.
Designer Brands stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 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.