Wolverine World Wide, Inc. (NYSE: WWW) is 90.55% higher on its value in year-to-date trading and has touched a low of $7.52 and a high of $18.51 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WWW stock was last observed hovering at around $16.26 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $16.94, the stock is 1.22% and 14.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 4.18% at the moment leaves the stock 40.04% off its SMA200. WWW registered 107.09% gain for a year compared to 6-month gain of 76.64%. The firm has a 50-day simple moving average (SMA 50) of $14.8212 and a 200-day simple moving average (SMA200) of $12.09685.
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The stock witnessed a 13.77% loss in the last 1 month and extending the period to 3 months gives it a 22.40%, and is 3.17% 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 3.25% over the week and 3.86% over the month.
Wolverine World Wide, Inc. (WWW) has around 4100 employees, a market worth around $1.36B and $1.87B in sales. Fwd P/E is 13.35. Profit margin for the company is -4.45%. Distance from 52-week low is 125.27% and -8.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.67%).
Wolverine World Wide, Inc. quarterly earnings per share for the current quarter are estimated at 0.21 with sales reaching $420.94M over the same period.The EPS is expected to grow by 1577.28% this year, but quarterly earnings will post -21.40% year-over-year. Quarterly sales are estimated to shrink -19.00% in year-over-year returns.
284.0 institutions hold shares in Wolverine World Wide, Inc. (WWW), with institutional investors hold 99.14% of the company’s shares. The shares outstanding are 79.55M, and float is at 78.69M with Short Float at 5.40%. Institutions hold 97.45% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.17 million shares valued at $164.53 million. The investor’s holdings represent 15.2502 of the WWW Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 11.63 million shares valued at $157.19 million to account for 14.5695 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 9.02 million shares representing 11.3013 and valued at over $121.93 million, while EARNEST PARTNERS LLC holds 6.6689 of the shares totaling 5.32 million with a market value of $71.95 million.
Wolverine World Wide, Inc. (WWW) Insider Activity
The most recent transaction is an insider sale by Latchana David A, the company’s Chief Legal Officer. SEC filings show that Latchana David A sold 7,706 shares of the company’s common stock on Sep 26 ’24 at a price of $17.02 per share for a total of $0.13 million. Following the sale, the insider now owns 13889.0 shares.
Still, SEC filings show that on May 28 ’24, Soriano Isabel (President, International Group) disposed off 3,201 shares at an average price of $13.89 for $44462.0. The insider now directly holds 26,519 shares of Wolverine World Wide, Inc. (WWW).
