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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 & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
CROX
CROCS INC
$9.45BN/A0.00%N/AN/AN/AN/A
WEYS
WEYCO GROUP INC
$290.41M3.30%32.30%$0.2600$1.0162%02024-06-28
ONON
ON HOLDING AG
$13.71BN/A0.00%N/AN/AN/AN/A
SKX
SKECHERS USA INC
$10.89BN/A0.00%N/AN/AN/AN/A
DECK
DECKERS OUTDOOR CORP
$27.83BN/A0.00%N/AN/AN/AN/A
NKE
NIKE INC
$143.46B1.14%41.30%$0.3700$1.0823%02024-06-032024-07-01
SHOO
STEVEN MADDEN LTD
$3.26B1.89%34.10%$0.2100$0.8440%02024-06-102024-06-21
RCKY
ROCKY BRANDS INC
$289.43M1.19%34.10%$0.1550$0.4725%02024-06-032024-06-17
VRA
VERA BRADLEY INC
$251.24MN/A0.00%N/AN/AN/AN/A
BIRK
BIRKENSTOCK HOLDING PLC
$10.71BN/A0.00%N/AN/AN/AN/A
DBI
DESIGNER BRANDS INC
$575.27M1.99%42.60%$0.0500$0.2042%22024-06-052024-06-18
WWW
WOLVERINE WORLD WIDE INC
$1.09B2.94%-43.00%$0.1000$0.4057%02024-07-012024-08-01
AREB
AMERICAN REBEL HOLDINGS INC
$1.97MN/A0.00%N/AN/AN/AN/A
FORD
FORWARD INDUSTRIES INC
$4.94MN/A0.00%N/AN/AN/AN/A
1

Shoe Stocks FAQ

What are the best shoe stocks to buy right now in Jun 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 56, which is 21 points higher than the shoe industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Crocs has seen its stock return 38.62% over the past year, underperforming other shoe stocks by -45 percentage points.

Crocs has an average 1 year price target of $147.44, a downside of -5.27% from Crocs's current stock price of $155.64.

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. On Holding Ag (NYSE:ONON)


On Holding Ag (NYSE:ONON) is the second best shoe stock with a Zen Score of 52, which is 17 points higher than the shoe industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. On Holding Ag has seen its stock return 54.97% over the past year, underperforming other shoe stocks by -29 percentage points.

On Holding Ag has an average 1 year price target of $41.54, a downside of -2.36% from On Holding Ag's current stock price of $42.54.

On Holding Ag stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering On Holding Ag, 53.85% have issued a Strong Buy rating, 46.15% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) is the third best shoe stock with a Zen Score of 52, which is 17 points higher than the shoe industry average of 35. It passed 17 out of 38 due diligence checks and has strong fundamentals. Weyco Group has seen its stock return 12.64% over the past year, underperforming other shoe stocks by -71 percentage points.

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. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.3%, which is 1 percentage points higher than the shoe industry average of 2.07%. 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 32.3% indicates that its dividend yield is sustainable for the long-term.

2. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) has an annual dividend yield of 2.94%, which is 1 percentage points higher than the shoe industry average of 2.07%. 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 -43% indicates that its dividend yield might not be sustainable for the long-term.

3. Designer Brands (NYSE:DBI)


Designer Brands (NYSE:DBI) has an annual dividend yield of 1.99%, which is the same as the shoe industry average of 2.07%. Designer Brands's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Designer Brands's dividend has not shown consistent growth over the last 10 years.

Designer Brands's dividend payout ratio of 42.6% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks up?

Shoe stocks were up 1.03% in the last day, and up 5.83% 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 71, which is 40 points higher than the shoe industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Crocs's stock has gained 38.62% in the past year. It has underperformed other stocks in the shoe industry by -45 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 71, which is 40 points higher than the shoe industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 12.64% in the past year. It has underperformed other stocks in the shoe industry by -71 percentage points.

3. Designer Brands (NYSE:DBI)


Designer Brands (NYSE:DBI) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Designer Brands has a valuation score of 43, which is 12 points higher than the shoe industry average of 31. It passed 3 out of 7 valuation due diligence checks.

Designer Brands's stock has gained 60.29% in the past year. It has underperformed other stocks in the shoe industry by -23 percentage points.

Are shoe stocks a good buy now?

36.36% of shoe stocks rated by analysts are a strong buy right now. On average, analysts expect shoe stocks to fall by -4.85% 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 35.11x.
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