Here’s Why Shoe Stocks are Getting Hammered Now

Crocs (NASDAQ:CROX) revised its revenue and guidance lower for the third quarter. The shoe company’s stock is bleeding today: down 37.69%. Other shoe stocks are down on the news that costs might rise and margins might shrink across the industry.

  • Nike (NYSE:NKE): The shares recently traded at 90.68, down $0.32, or 0.33% on the day. The shares have traded in the 52-week range of $69.43 to $94.23 and its market capitalization is $42.08 billion. About the company: NIKE, Inc. designs, develops and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors.
  • Genesco, Inc. (NYSE:GCO): The shares recently traded at $55.92, up $0.40, or 0.72%, on the day.  The shares have traded in a 52-week range of $31.90 to $58.62 and its market capitalization is $1.3 billion.   About the company: Genesco Inc. retails branded footwear, licensed and branded headwear, and wholesales branded footwear. The Company operates stores throughout the United States, Puerto Rico, and Canada.
  • Foot Locker, Inc (NYSE:FL): The shares recently traded at $21.10, up $0.18, or 0.77%, on the day.  The shares have traded in a 52-week range of $15.47 to $25.50 and its market capitalization is $3.23 billion. About the company: Foot Locker Inc. is primarily a mall-based athletic retailer that operates athletic retail stores in countries located in North America, Europe, and Australia. The Company provides athletic footwear and apparel through its Foot Locker, Lady Foot Locker, Kids Foot Locker, and Champs Sports retail stores. Foot Locker also operates a direct-to-consumer channel, Footlocker.com/Eastbay.
  • DSW Inc (NYSE:DSW): The shares recently traded at $48.64, down $1.14, or 2.40%, on the day.  The shares have traded in a 52-week range of $30.57 to $55.90 and its market capitalization is $1.91 billion. About the company: DSW Inc. is a specialty branded footwear retailer operating in the United States. The Company offers a wide selection of brand name and designer dress, casual, and athletic footwear for women and men.
  • Lululemon Athletica, Inc. (NASDAQ:LULU): The shares recently traded at $50.75, down $1.74, or 3.29%, on the day.  The shares have traded in a 52-week range of $21.27 to $64.49 and its market capitalization is $6.39 billion. About the company: Lululemon Athletica Inc designs and retails athletic clothing. The Company produces fitness pants, shorts, tops and jackets for yoga, dance, running, and general fitness.
  • Wolverine World Wide, Inc. (NYSE:WWW): The shares recently traded at $36.27, down $0.30, or 0.82%, on the day.  The shares have traded in a 52-week range of $28.49 to $43.36 and its market capitalization is $1.79 billion. About the company: Wolverine World Wide, Inc. manufactures and markets branded footwear and performance leathers. The Company’s products include shoes, slippers, occupational and safety footwear, and performance outdoor footwear, among others.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet