9 Best Footwear Stocks to Buy Now

7. Wolverine World Wide, Inc. (NASDAQ:WWW)

Number of Hedge Fund Holders: 26

Wolverine World Wide, Inc. (NASDAQ:WWW) is one of the best footwear stocks to buy now. On August 26, Stifel raised the price target on Wolverine World Wide, Inc. (NASDAQ:WWW) from $30 to $36, keeping its Buy rating.

Stifel analyst Peter McGoldrick increased the price target following strong momentum across two of the firm’s largest brands, Saucony and Merrell. McGoldrick was encouraged to see how Saucony resonated with new wholesale partners in its recently run proprietary Back-to-School 2025 Athletic Footwear Survey, which is raising its active revenue growth estimates for FY2025 and FY2026. The analyst remains positive on Wolverine World Wide’s ability to generate approximately $2 billion in revenue during FY2026.

“We’re executing our new brand-building model at pace, and we’ve made meaningful strides in improving the profitability of the business, along with strengthening the balance sheet. I remain confident in the things we can control as we navigate continued uncertainties due to the global trade and consumer environment,” said Chris Hufnagel, CEO of Wolverine Worldwide, during the Q2 FY2025 earnings call.

The company continues to expect growth ahead, with revenue anticipated to be around $450 million to $460 million in Q3 FY2025, indicating a growth rate of 2.1% to 4.4%.

Wolverine World Wide, Inc. (NASDAQ:WWW) designs, manufactures, sources, licenses, markets, and distributes footwear, apparel, and accessories.