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The 9 Best Shoe Stocks to Buy For June 2024

best shoe stocks

With the market for sneakers reaching over $80 billion, it’s no wonder that investors are looking to cash in on the best shoe stocks. If you want to invest in the retail industry, look no further than the best shoe stocks we have for you.

The COVID-19 pandemic has led to mixed results for shoe manufacturers and other retail companies.

In-person shopping has decreased due to stay-at-home orders.

Consumers instead flocked to e-commerce websites to get the products they wanted. 

With more e-commerce traffic, many retailers are seeing a huge increase in sales.

Shoes are an essential product; for many people, they are also a collector’s item.

As a result, despite the pandemic, there has been a steady stream of demand.

In this article, we’ll talk about the top shoe stocks on the market to invest in right now.

Which shoe stocks are interesting to you? Find these picks and more on the WeBull platform. When you download WeBull, you’ll get a few free stocks just for signing up.

Best Shoe Stocks to Buy

Nike Inc. (NYSE: NKE)

Nike designs and manufactures athletic footwear products, apparel, equipment, and accessories.

Based in Portland, the company is the world’s largest supplier of athletic footwear and apparel.

In 2021, the stand-alone brand had a value of approximately 30.44B.

This makes it the most valuable athletic brand in the world.

Since its start, Nike has developed a number of shoe products under its own brand name, as well as brand names like Air Jordan, Converse, Air Max, and more.

In the fiscal year 2021 (FY21), Nike’s impressive financial performance featured double-digit growth and the best EBIT margin in the company’s recent history.

Nike’s success lies in its consistency and the breadth of its worldwide portfolio, as it has for many years. 

Nike had double-digit currency-neutral growth in its Greater China division for the sixth year in a row.

This $232.372 billion market cap company won’t be going anywhere anytime soon.


best shoe stocks

Crocs, Inc. (NASDAQ: CROX)

Based out of Colorado, Crocs is the maker of the iconic foam clogs with holes manufactured throughout the toe area of the shoe.

The unique look of Croc footwear has made it a niche footwear choice.

The company is particularly popular among middle and high schoolers, although it has a cult following among people of all age groups. 

Crocs saw its first market peak back in 2007, before the financial crisis of 2008.

The company struggled to regain traction on the market until 2018, but COVID-19 struck and got affected like everyone else in the market.

However, Crocs investors had a really good year last year. 

For the entire year of 2021, the seller of proprietary closed-cell resin shoes aimed for top-line growth of 20% to 25% but gained more than that.

Crocs’ fourth-quarter revenue increased 42%, according to its latest financial statement.

Crocs have gotten a lot of press as a sales growth story, which is understandable. 

This year should be the company’s fourth consecutive year of double-digit growth and for investors who are looking for a potential high-yielding asset, Crocs’ stock is for you.

best shoe stocks\

Best Shoe Manufacturer Stocks

Capri Holdings Ltd (NYSE: CPRI)

Capri Holdings is a multinational fashion holdings company.

Formerly known as Michael Kors Holdings, the company was established by Michael Kors in 1981.

The fashion company is best known for its fashion accessories, which include footwear, apparel, watches, handbags, and more.

In 2017 and 2018, Michael Kors Holdings purchased the Jimmy Choo and Versace brands and rebranded them as Capri Holdings.

Both of these companies are well known in the fashion industry and are integral to the luxury shoe market.

Brand loyalty and recognition have been Capri’s saving grace time and time again.

While Capri was hit during the March 2020 market crash, it completely recovered its losses since then.

Revenue grew by 17%, with results that were better than expected across all three luxury houses (Versace, Jimmy Choo, and Michael Kors).

The adjusted gross profit was $879 million, with a 67.6 percent adjusted gross margin, up 440 basis points from the previous year. 

The adjusted net income for the quarter was $235 million, or $1.53 per share, up from $137 million, or 90 cents per share, in the prior quarter.

Since the world is starting to open up and jobs are returning, Capri’s success will probably return along with it. 


best shoe stocks


Deckers Outdoor Corp. (NYSE: DECK)

Deckers is another brand that’s solely committed to the design and distribution of footwear.

Based in California, Deckers’s footwear brands include UGG, Sanuk, Teva, and more.

Its products range from loungewear to activewear and more.

The brand, sometimes referred to as Deckers Brands, was incorporated in 1975 and launched its IPO in 1993.

The brands in Decker’s portfolio are sold in more than 50 countries through a variety of retail locations.

These include department and specialty stores, company-owned stores, online stores, and more.

On the stock market, Deckers have done increasingly well since 2017, with the exception of March 2020.

Deckers Brands reported a sales gain of 19.4 percent to $2.5 billion in the fiscal year 2021, as well as a 39.9 percent increase in profits per share to $13.47.

Because of the long-term strategy in place prior to the COVID-19 epidemic, the company was able to accomplish these achievements.

It continues to raise worldwide recognition for the HOKA ONE ONE brand while also broadening the product line of the UGG brand.

With its expanding portfolio and outstanding asset management, Decker stands as one of the best shoe stocks in the market right now. 

best shoe stocks

Best Shoe Retailer Stocks

Foot Locker Retail, Inc. (NYSE: FL)

Foot Locker is a footwear and sportswear retailer based in New York City.

The company’s roots can actually be traced back to 1879, although it has gone through many transitions and name changes since then.

The company has over 3,300 retail locations, most of which are in malls. 

Foot Locker has footwear retail locations in the US, Canada, Asia, and Europe.

The US is Foot Locker’s primary region, where there are more than 800 retailers.

The next closest is Italy, with only 170 locations.

Approximately 70% of the products the company sells come from the Nike (NYSE: NKE) brand.

Data suggests Foot Locker has a current market capitalization of $4.427 billion.

This is based on a current share price of just over $44.

The sports footwear retailer announced $1.93 EPS for the quarter, $0.56 more than the average estimate of $1.37.

Foot Locker had a 10.37 percent net margin and a 25.89 percent return on equity. 

The firm earned $2.19 billion in sales for the quarter, compared to $2.14 billion expected by analysts. 

It also generated $1.21 profits per share in the same period the prior year. On a year-over-year basis, Foot Locker’s quarterly revenue increased by 3.9%.

Because the company depends on its retail locations, its earnings and share prices have been very volatile.

However, it has been transitioning to an e-commerce strategy.

This has likely prevented the company’s shares from collapsing. 

best shoe stocks

Shoe Carnival, Inc. (NASDAQ: SCVL)

Shoe Carnival is a family casual footwear retailer.

Shoe Carnival is significantly smaller in size than Foot Locker.

The company only has a market cap of $713.1 million. 

It has a total of 419 stores in the United States. 

Despite Shoe Carnival’s small size, investors are feeling the love.

The company’s share prices have rallied from $20.93 when 2021 started to over $35 as it entered 2022.

Quarterly net income of $46.8 million and diluted net income per share of $1.64 were also new highs.

The company stated that this was the best quarter in its 43-year history.

With its continued revenue growth, the company made a decision recently to purchase Shoe Station. 

With this transaction, the Company will own and manage Shoe Station shops in the Southeast for the first time in its history.

The introduction of a new brand and retail locations to the Shoe Carnival portfolio enables a supplementary retail network that can service a bigger client base in both cities and suburbs.

Investors should keep an eye out for an opportune time to buy. 

best shoe stocks

Best Shoe Penny Stocks

Express, Inc. (NYSE: EXPR)

Express is a retailer that sells women’s and men’s shoes, apparel, and accessories. 

The company was founded in 1980 and is headquartered in Columbus, Ohio. 

Express operates more than 600 stores in the United States and Canada.

Although the brand is not well known to the average person, it is popular with young adults. 

In recent years, Express has been trying to appeal to a more upscale clientele by introducing new lines of clothing and increasing its prices.

Its shoes are a popular buy, with a variety of styles catering to different occasions. 

The brand has also been expanding its presence online and offers free shipping on orders over $50.

In the fiscal year 2021, Express reported a net sales increase of 47% for its third quarter compared to last year. 

Strong increase in eCommerce demand, up 26% in 2020 and 21% in 2019; strongly positioned the company to reach the objective of $1.0 billion in online sales demand by 2024.

The country’s population and economic activity are booming, which means there’s a huge potential customer base. 

best shoe stocks

Ever-Glory International Group, Inc. (NASDAQ: EVK)

Ever-Glory International Group, Inc. is a Guangzhou-based apparel company that designs, manufactures, and sells footwear under the Ever-Glory and King Glory brands within the Asia Pacific. 

The company operates in three segments: ladies’ apparel, menswear, and footwear.

Since 2021, the company has concentrated on expanding its retail operation through its multi-brand approach and store optimization program, as well as expanding its sales network by strengthening its client portfolio and boosting account receivables.

During the third quarter of 2021, its retail brands continued to focus on design, quality, and value to acquire new customers and keep existing ones.

Overall revenue for the 3rd quarter of 2021 was $94.4 million, up from $79.9 million from last year by 18%.

This rise was mostly due to a 38.0% growth in our wholesale business, which was slightly offset by a 7.6% decline in our retail business.

Given its outstanding performance last year, this footwear penny stock is worth looking at. 

best shoe stocks

Chico’s FAS, Inc. (NYSE: CHS)

Chico’s Fas, Inc. is a retailer of women’s apparel, footwear, accessories, and gifts. 

The company offers a wide range of products through its Chico’s, White House Black Market (WHBM), and Soma Intimates brands. 

It sells its products through its chain of stores and e-commerce websites. Chico’s Fas, Inc. is headquartered in Fort Myers, Florida.

Its footwear collection offers sandals, wedges, flats, boots, and heels.

The clothing line includes dresses, tops, sweaters, jackets, pants, skirts, and shorts. 

Additionally, the company sells purses, jewelry, scarves and wraps, sunglasses, and hats. 

The company’s most recent financial report showed outstanding results. 

Net sales increased 30% from last year’s quarter and comparable sales grew 31.5% from 2020.

This was mainly due to its successful holiday turnaround and made its share price boost.

The company is expected to report its first profitable year since 2017 later this month.

This low-cap stock could potentially yield high this year if market performance continues to grow.


best shoe stocks

Should You Buy Shoe Stocks?

The nice thing about retail items like footwear is that there will always be a demand.

Shoes are essential for so many activities, whether you’re playing sports, running errands, or just going for a walk outside.

Shoes are also an item that consumers aren’t likely to skimp out on.

High-quality shoes provide superior comfort and durability.

There’s also a huge market for luxury and collectible shoes.

Like any other investment, before you put your hard-earned money in any shoe stock, make sure you do your own due diligence and some research.

Buying Shoe Stock for Beginners

Shoes are not really an industry where people like to buy off-brand.

Try to invest in companies that have a well-established customer base but haven’t yet hit their peak popularity.

Social media influencers have become a successful marketing tool for many shoe companies.

Keep an eye on the best shoe stocks with a strong social media presence as you shop. 

Shoe Stocks: Final Thoughts

E-commerce websites make it even easier for people to get the shoes that they want on-demand.

There is no disruptive technology that’s going to take away from the popularity or need for shoes in the many decades to come.

Investors who get in early with some of these exciting shoe stocks could see awesome returns.



Jessica is a published author and copywriter specializing in personal and investment finance. Her expertise is in financial product reviews and stock market education.