Wolverine World Wide, Inc (NYSE: WWW) is 166.37% higher on its value in year-to-date trading and has touched a low of $7.58 and a high of $24.64 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 $24.25 in the last trading session, with the day’s loss setting it -0.57%.
Currently trading at $23.68, the stock is 2.95% and 21.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -2.35% at the moment leaves the stock 65.08% off its SMA200. WWW registered 162.82% gain for a year compared to 6-month gain of 84.57%. The firm has a 50-day simple moving average (SMA 50) of $19.4184 and a 200-day simple moving average (SMA200) of $14.2751.
The stock witnessed a 7.10% loss in the last 1 month and extending the period to 3 months gives it a 60.98%, and is 3.05% 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 3.61% over the week and 3.59% over the month.
Wolverine World Wide, Inc (WWW) has around 4100 employees, a market worth around $1.90B and $1.79B in sales. Fwd P/E is 17.51. Profit margin for the company is -3.86%. Distance from 52-week low is 212.40% and -3.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.05%).
The EPS is expected to grow by 1688.70% this year
310.0 institutions hold shares in Wolverine World Wide, Inc (WWW), with institutional investors hold 96.62% of the company’s shares. The shares outstanding are 80.07M, and float is at 78.73M with Short Float at 5.08%. Institutions hold 94.92% 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 Klimek Amy M., the company’s Chief Human Resources Officer. SEC filings show that Klimek Amy M. sold 24,000 shares of the company’s common stock on Nov 12 ’24 at a price of $22.07 per share for a total of $0.53 million. Following the sale, the insider now owns 20238.0 shares.
Wolverine World Wide, Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Klimek Amy M. (Chief Human Resources Officer) sold a total of 10,214 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $20.11 per share for $0.21 million. Following the transaction, the insider now directly holds 19093.0 shares of the WWW stock.
Still, SEC filings show that on Nov 12 ’24, Klimek Amy M. (Officer) Proposed Sale 24,000 shares at an average price of $22.07 for $0.53 million. The insider now directly holds shares of Wolverine World Wide, Inc (WWW).
