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 Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
SKX	SKECHERS USA INC	United States	$8.89B	153,275,786	79.91%	2.99%	Net Selling	Net Selling
CROX	CROCS INC	United States	$7.59B	60,498,530	79.94%	20.06%	Net Selling	Net Selling
DECK	DECKERS OUTDOOR CORP	United States	$20.80B	25,668,220	92.36%	7.64%	Net Selling	Net Selling
ONON	ON HOLDING AG	Switzerland	$10.17B	629,652,777	24.52%	0.00%
WEYS	WEYCO GROUP INC	United States	$273.81M	9,507,365	9.38%	90.62%	Net Buying	Net Selling
SHOO	STEVEN MADDEN LTD	United States	$2.94B	73,999,990	87.06%	12.94%	Net Selling	Net Selling
NKE	NIKE INC	United States	$142.17B	1,509,358,807	64.82%	1.40%	Net Selling	Net Selling
RCKY	ROCKY BRANDS INC	United States	$195.01M	7,417,546	74.98%	9.91%	Net Buying
VRA	VERA BRADLEY INC	United States	$197.98M	30,789,436	15.87%	84.13%	Net Selling	Net Selling
WWW	WOLVERINE WORLD WIDE INC	United States	$798.26M	79,745,927	90.18%	6.92%	Net Selling	Net Selling
DBI	DESIGNER BRANDS INC	United States	$506.58M	57,240,463	35.35%	64.65%	Net Selling	Net Selling
AREB	AMERICAN REBEL HOLDINGS INC	United States	$2.05M	5,879,920	11.59%	9.73%
FORD	FORWARD INDUSTRIES INC	United States	$5.22M	10,061,185	11.66%	88.34%	Net Buying
BIRK	BIRKENSTOCK HOLDING PLC	United Kingdom	$8.25B	187,825,592	16.14%	0.00%

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 15.63% over the past year, underperforming other shoe stocks by -12 percentage points.

Skechers Usa has an average 1 year price target of $69.00, an upside of 18.95% from Skechers Usa's current stock price of $58.01.

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 -17.04% 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 10.56% from Crocs's current stock price of $125.38.

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 65.4% 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 10.81% from Deckers Outdoor's current stock price of $810.22.

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%, which is 1 percentage points higher than the shoe industry average of 2.62%. 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 3.47%, which is 1 percentage points higher than the shoe industry average of 2.62%. 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 2.36%, which is the same as the shoe industry average of 2.62%. 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 1.4% in the last day, and up 0.29% over the last week. American Rebel Holdings was the among the top gainers in the footwear & accessories industry, gaining 15.61% yesterday.

American Rebel shares are trading higher after the company announced it reached a distribution agreement with Best Brands of Tennessee for American Rebel Beer.

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 -17.04% 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 11.39% in the past year. It has underperformed other stocks in the shoe industry by -16 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 7.42% 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 11.76% 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 29.16x.

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.