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Women's Footwear Stocks Rebound—Buy These Now: Analyst

Women's footwear sales are on the rebound thanks to an improvement in the unemployment rate, said Brian Sozzi, equity research analyst at Wall Street Strategies.

“These [shoe] stocks have had a tremendous run, but there are a couple ways to play,” Sozzi told CNBC.

According to the NPD Group, sales of women’s shoes climbed 8 percent last year after posting a slight decline in 2009.

“This year, you’ll see a lot of impulse buying,” predicted Sozzi. “And for children, which actually underperformed last year, there will be a Justin Bieber effect with high tops.”

Sozzi Likes:

Nike

Coach

Polo Ralph Lauren

Nordstrom

Steve Madden

In addition, Sozzi has “buy” ratings on Nike, Coach, Polo Ralph Lauren and Timberland .

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Scorecard—What He Said:

  • Sozzi's Previous Appearance on CNBC (Feb. 1, 2011)

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CNBC Data Pages:

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CNBC Slideshows:

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Disclosures:

No immediate information was available for Sozzi or his firm.

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Disclaimer

Symbol
Price
 
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COH
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JWN
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NKE
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RL
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SHOO
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