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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 & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
SHOO
STEVEN MADDEN LTD
United States
$2.89B77,883,48186.60%13.40%Net SellingNet Selling
WWW
WOLVERINE WORLD WIDE INC
United States
$1.28B78,755,07593.74%6.26%Net SellingNet Buying
DECK
DECKERS OUTDOOR CORP
United States
$10.97B26,466,79692.70%7.30%Net SellingNet Selling
RCKY
ROCKY BRANDS INC
United States
$231.08M7,326,41175.89%9.58%Net BuyingNet Buying
WEYS
WEYCO GROUP INC
United States
$259.51M9,622,1878.86%91.14%Net SellingNet Selling
CROX
CROCS INC
United States
$7.53B61,744,93478.62%21.38%Net SellingNet Selling
CAL
CALERES INC
United States
$954.51M35,616,04587.41%12.12%Net SellingNet Selling
SKX
SKECHERS USA INC
United States
$6.93B155,100,80981.46%3.17%Net SellingNet Selling
NKE
NIKE INC
United States
$197.87B1,550,562,98363.96%0.95%Net SellingNet Selling
FL
FOOT LOCKER INC
United States
$4.33B93,320,42775.98%24.02%Net SellingNet Selling
AREB
AMERICAN REBEL HOLDINGS INC
United States
$3.89M16,553,0334.58%3.46%
VRA
VERA BRADLEY INC
United States
$175.99M30,875,84414.09%85.91%Net Selling
FORD
FORWARD INDUSTRIES INC
United States
$12.68M10,061,18516.55%83.45%Net BuyingNet Buying
1

Shoe Stocks FAQ

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

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

1. Steven Madden (NASDAQ:SHOO)


Steven Madden (NASDAQ:SHOO) is the top shoe stock with a Zen Score of 63, which is 20 points higher than the shoe industry average of 43. It passed 23 out of 38 due diligence checks and has strong fundamentals. Steven Madden has seen its stock lose -8.58% over the past year, underperforming other shoe stocks by -19 percentage points.

Steven Madden has an average 1 year price target of $37.00, a downside of -0.22% from Steven Madden's current stock price of $37.08.

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

2. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) is the second best shoe stock with a Zen Score of 55, which is 12 points higher than the shoe industry average of 43. It passed 20 out of 38 due diligence checks and has strong fundamentals. Wolverine World Wide has seen its stock lose -36.46% over the past year, underperforming other shoe stocks by -46 percentage points.

Wolverine World Wide has an average 1 year price target of $13.75, a downside of -15.18% from Wolverine World Wide's current stock price of $16.21.

Wolverine World Wide stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Wolverine World Wide, 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. Deckers Outdoor (NYSE:DECK)


Deckers Outdoor (NYSE:DECK) is the third best shoe stock with a Zen Score of 55, which is 12 points higher than the shoe industry average of 43. It passed 19 out of 33 due diligence checks and has strong fundamentals. Deckers Outdoor has seen its stock return 28.62% over the past year, overperforming other shoe stocks by 19 percentage points.

Deckers Outdoor has an average 1 year price target of $446.36, an upside of 7.72% from Deckers Outdoor's current stock price of $414.36.

Deckers Outdoor stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Deckers Outdoor, 54.55% have issued a Strong Buy rating, 36.36% have issued a Buy, 9.09% 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 7 shoe stocks that have issued dividends in the past year, the 3 shoe stocks with the highest dividend yields are:

1. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.56%, which is 1 percentage points higher than the shoe industry average of 2.25%. 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.

2. Foot Locker (NYSE:FL)


Foot Locker (NYSE:FL) has an annual dividend yield of 3.45%, which is 1 percentage points higher than the shoe industry average of 2.25%. 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 33.4% indicates that its dividend yield is sustainable for the long-term.

3. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) has an annual dividend yield of 2.47%, which is the same as the shoe industry average of 2.25%. Wolverine World Wide's dividend payout is not stable, having dropped more than 10% one times 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 20.3% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks down?

Shoe stocks were down -1.98% in the last day, and down -0.63% over the last week. Skechers Usa was the among the top losers in the footwear & accessories industry, dropping -9.15% yesterday.

Skechers shares are trading lower after the company issued Q1 and FY23 guidance below analyst estimates.

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 39 points higher than the shoe industry average of 47. It passed 6 out of 7 valuation due diligence checks.

Rocky Brands's stock has dropped -23.09% in the past year. It has underperformed other stocks in the shoe industry by -33 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 39 points higher than the shoe industry average of 47. It passed 6 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 13.75% in the past year. It has overperformed other stocks in the shoe industry by 4 percentage points.

3. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Wolverine World Wide has a valuation score of 71, which is 24 points higher than the shoe industry average of 47. It passed 5 out of 7 valuation due diligence checks.

Wolverine World Wide's stock has dropped -36.46% in the past year. It has underperformed other stocks in the shoe industry by -46 percentage points.

Are shoe stocks a good buy now?

54.55% of shoe stocks rated by analysts are a buy right now. On average, analysts expect shoe stocks to rise by 6.53% 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 32.44x.
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