Wolverine World Wide Inc. (NYSE: WWW) is -27.91% lower on its value in year-to-date trading and has touched a low of $16.65 and a high of $38.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WWW stock was last observed hovering at around $20.18 in the last trading session, with the day’s gains setting it 0.59% off its average median price target of $26.50 for the next 12 months. It is also 43.86% off the consensus price target high of $37.00 offered by 10 analysts, but current levels are 5.59% higher than the price target low of $22.00 for the same period.
Currently trading at $20.77, the stock is 2.88% and 2.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.34 million and changing 2.92% at the moment leaves the stock -19.36% off its SMA200. WWW registered -34.54% loss for a year compared to 6-month loss of -21.03%.
The stock witnessed a 1.86% gain in the last 1 month and extending the period to 3 months gives it a -4.99%, and is 0.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.96% over the week and 4.29% over the month.
Wolverine World Wide Inc. (WWW) has around 4400 employees, a market worth around $1.63B and $2.52B in sales. Current P/E ratio is 44.57 and Fwd P/E is 7.15. Profit margin for the company is 1.50%. Distance from 52-week low is 24.74% and -45.44% from its 52-week high. The company has generated returns on investments over the last 12 months (6.80%).
Wolverine World Wide Inc. (WWW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Wolverine World Wide Inc. (WWW) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Wolverine World Wide Inc. is expected to release its quarterly report on 11/09/2022.The EPS is expected to grow by 147.70% this year.
Wolverine World Wide Inc. (WWW) Top Institutional Holders
The shares outstanding are 81.50M, and float is at 78.66M with Short Float at 6.61%.
Wolverine World Wide Inc. (WWW) Insider Activity
A total of 79 insider transactions have happened at Wolverine World Wide Inc. (WWW) in the last six months, with sales accounting for 38 and purchases happening 41 times. The most recent transaction is an insider purchase by HOFFMAN BRENDAN,the company’sPresident and CEO. SEC filings show that HOFFMAN BRENDAN bought 5,000 shares of the company’s common stock on Mar 08 at a price of $21.65 per share for a total of $0.11 million. Following the purchase, the insider now owns 34291.0 shares.
Wolverine World Wide Inc. disclosed in a document filed with the SEC on Mar 08 that BOROMISA JEFFREY M (Director) sold a total of 4,788 shares of the company’s common stock. The trade occurred on Mar 08 and was made at $22.02 per share for $0.11 million. Following the transaction, the insider now directly holds 5314.0 shares of the WWW stock.
Still, SEC filings show that on Feb 28, LAUDERBACK BRENDA J (Director) disposed off 4,975 shares at an average price of $23.34 for $0.12 million. The insider now directly holds 25,112 shares of Wolverine World Wide Inc. (WWW).
Wolverine World Wide Inc. (WWW): Who are the competitors?
The company’s main competitors (and peers) include Rocky Brands Inc. (RCKY) that is trading -25.22% down over the past 12 months and Crocs Inc. (CROX) that is -53.21% lower over the same period. Skechers U.S.A. Inc. (SKX) is -24.46% down on the 1-year trading charts.