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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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CROX
CROCS INC
United States
$7.65B60,498,53079.94%20.06%Net SellingNet Selling
SKX
SKECHERS USA INC
United States
$9.14B153,275,78679.91%2.99%Net SellingNet Selling
ONON
ON HOLDING AG
Switzerland
$10.37B629,652,77724.52%0.00%
WEYS
WEYCO GROUP INC
United States
$270.48M9,507,3659.38%90.62%Net BuyingNet Selling
DECK
DECKERS OUTDOOR CORP
United States
$21.29B25,668,22092.36%7.64%Net SellingNet Selling
SHOO
STEVEN MADDEN LTD
United States
$2.99B73,999,99087.06%12.94%Net SellingNet Selling
NKE
NIKE INC
United States
$141.91B1,509,358,80764.82%1.40%Net SellingNet Selling
RCKY
ROCKY BRANDS INC
United States
$197.01M7,417,54674.98%9.91%Net Buying
VRA
VERA BRADLEY INC
United States
$203.83M30,789,43615.87%84.13%Net SellingNet Selling
WWW
WOLVERINE WORLD WIDE INC
United States
$830.95M79,745,92790.18%6.92%Net SellingNet Selling
DBI
DESIGNER BRANDS INC
United States
$554.66M57,240,46335.35%64.65%Net SellingNet Selling
AREB
AMERICAN REBEL HOLDINGS INC
United States
$2.10M5,879,92011.59%9.73%
FORD
FORWARD INDUSTRIES INC
United States
$5.03M10,061,18511.66%88.34%Net Buying
BIRK
BIRKENSTOCK HOLDING PLC
United Kingdom
$8.42B187,825,59216.14%0.00%
1

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. Crocs (NASDAQ:CROX)


Crocs (NASDAQ:CROX) is the top 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 -16.34% over the past year, underperforming other shoe stocks by -46 percentage points.

Crocs has an average 1 year price target of $137.00, an upside of 8.36% from Crocs's current stock price of $126.43.

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 56, which is 20 points higher than the shoe industry average of 36. It passed 18 out of 33 due diligence checks and has strong fundamentals. Skechers Usa has seen its stock return 18.88% over the past year, underperforming other shoe stocks by -11 percentage points.

Skechers Usa has an average 1 year price target of $69.00, an upside of 15.69% from Skechers Usa's current stock price of $59.64.

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. On Holding Ag (NYSE:ONON)


On Holding Ag (NYSE:ONON) is the third 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 33 due diligence checks and has strong fundamentals. On Holding Ag has seen its stock lose -3.12% over the past year, underperforming other shoe stocks by -33 percentage points.

On Holding Ag has an average 1 year price target of $36.50, an upside of 12.1% from On Holding Ag's current stock price of $32.56.

On Holding Ag stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering On Holding Ag, 41.67% have issued a Strong Buy rating, 50% have issued a Buy, 8.33% 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 3.84%, which is 1 percentage points higher than the shoe industry average of 2.56%. 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 3.51%, which is 1 percentage points higher than the shoe industry average of 2.56%. 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 2.56%. 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 up?

Shoe stocks were up 1.97% in the last day, and up 2.44% 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. 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 24 points higher than the shoe industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Crocs's stock has dropped -16.34% in the past year. It has underperformed other stocks in the shoe industry by -46 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 24 points higher than the shoe industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Steven Madden's stock has gained 13.44% 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 24 points higher than the shoe industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 6.12% in the past year. It has underperformed other stocks in the shoe industry by -24 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 9.39% 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 29.37x.
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