Wolverine World Wide Inc. (NYSE:WWW) shares traded 6.85% higher at $10.77 on Wall Street last session.
In accordance with the data, 10 analysts cover Wolverine World Wide Inc. (NYSE:WWW). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $12.00, we find $15.00. Given the previous closing price of $10.08, this indicates a potential upside of 48.81 percent. WWW stock price is now -15.89% away from the 50-day moving average and -42.14% away from the 200-day moving average. The market capitalization of the company currently stands at $835.97M.
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It has been rated a hold by 7 analysts and a buy by 2. Brokers who have rated the stock have averaged $16.00 as their price target over the next twelve months.
, while ‘Stifel’ rates the stock as ‘Hold’.
In other news, HOFFMAN BRENDAN, President and CEO bought 7,500 shares of the company’s stock on Dec 09. The stock was bought for $76,875 at an average price of $10.25. Upon completion of the transaction, the President and CEO now directly owns 48,157 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09, Senior VP, CFO and Treasurer Stornant Michael D bought 2,500 shares of the business’s stock. A total of $26,250 was incurred on buying the stock at an average price of $10.50. This leaves the insider owning 193,499 shares of the company worth $2.08 million. Insiders disposed of 175,582 shares of company stock worth roughly $1.89 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WWW stock. A new stake in Wolverine World Wide Inc. shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $4,829,000. BALYASNY ASSET MANAGEMENT LLC invested $3,570,000 in shares of WWW during the first quarter. In the first quarter, GSA CAPITAL PARTNERS LLP acquired a new stake in Wolverine World Wide Inc. valued at approximately $1,421,000. CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in WWW for approximately $1,122,000. CITADEL ADVISORS LLC purchased a new stake in WWW valued at around $1,052,000 in the second quarter.
Wolverine World Wide Inc. (NYSE: WWW) opened at $10.14 on Thursday. During the past 12 months, Wolverine World Wide Inc. has had a low of $9.60 and a high of $29.75. As of last week, the company has a debt-to-equity ratio of 2.25, a current ratio of 1.20, and a quick ratio of 0.50. The fifty day moving average price for WWW is $12.81 and a two-hundred day moving average price translates $18.61 for the stock.
The latest earnings results from Wolverine World Wide Inc. (NYSE: WWW) was released for Jul, 2022. According to the Footwear & Accessories Company, earnings per share came in at $0.66, beating analysts’ expectations of $0.65 by 0.01. This compares to -$0.01 EPS in the same period last year. The net profit margin was 5.90% and return on equity was 24.60% for WWW. The company reported revenue of $691.4 million for the quarter, compared to $636.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.59 percent. For the current quarter, analysts expect WWW to generate $710.2M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/01/2023. Investors who held shares on 01/02/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 3.71% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, WWW is presently at 20.40%.
Wolverine World Wide Inc.(WWW) Company Profile
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids’ footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources, markets, and licenses a range of footwear styles, such as shoes, boots, and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands. It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; Wolverine branded eyewear and gloves; and Keds, Saucony, and Sperry branded apparel. In addition, the company markets pigskin leather under the Wolverine Warrior Leather, Weather Tight, and All Season Weather Leathers trademarks for use in the footwear industry. Further, it operates brick and mortar retail stores, and eCommerce sites. The company sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, as well as through third-party licensees and distributors, and joint ventures. As of January 1, 2022, it operated 143 retail stores, as well as 65 consumer-direct eCommerce sites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.
