The name Wolverine World Wide Inc. (WWW) should be kept on your radar

As of close of business last night, Wolverine World Wide Inc.’s stock clocked out at $14.33, up 5.91% from its previous closing price of $13.53. In other words, the price has increased by $+0.80 from its previous closing price. On the day, 1045047 shares were traded. WWW stock price reached its highest trading level at $14.33 during the session, while it also had its lowest trading level at $13.61.

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To gain a deeper understanding of WWW’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 2.25 whereas as Long-Term Debt/Eq ratio is at 1.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on January 05, 2023, Downgraded its rating to Neutral and sets its target price to $13 from $23 previously.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 09 when HOFFMAN BRENDAN bought 7,500 shares for $10.25 per share. The transaction valued at 76,875 led to the insider holds 48,157 shares of the business.

Stornant Michael D bought 2,500 shares of WWW for $26,250 on Dec 09. The Senior VP, CFO and Treasurer now owns 193,499 shares after completing the transaction at $10.50 per share. On Dec 09, another insider, BOROMISA JEFFREY M, who serves as the Director of the company, bought 100,000 shares for $10.49 each. As a result, the insider paid 1,049,000 and bolstered with 156,900 shares of the company.

Valuation Measures:

As of this moment, Wolverine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.33, and their Forward P/E ratio for the next fiscal year is 8.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 1.72.

Stock Price History:

Over the past 52 weeks, WWW has reached a high of $27.43, while it has fallen to a 52-week low of $9.60. The 50-Day Moving Average of the stock is 11.34, while the 200-Day Moving Average is calculated to be 17.75.

Shares Statistics:

It appears that WWW traded 1.53M shares on average per day over the past three months and 1.75M shares per day over the past ten days. A total of 78.70M shares are outstanding, with a floating share count of 76.67M. Shares short for WWW as of Oct 13, 2022 were 4.09M with a Short Ratio of 3.08M, compared to 4.24M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.20% and a Short% of Float of 7.20%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.40, WWW has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 2.96%, it implies a Forward Annual Dividend Yield of 2.33%. The stock’s 5-year Average Dividend Yield is 1.30. The current Payout Ratio is 20.40% for WWW, which recently paid a dividend on Jan 31, 2023 with an ex-dividend date of Sep 29, 2022. Stock splits for the company last occurred on Nov 03, 2013 when the company split stock in a 2:1 ratio.

Earnings Estimates

As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.56 for the current quarter, with a high estimate of $0.59 and a low estimate of $0.52, while EPS last year was $0.62. The consensus estimate for the next quarter is $0.47, with high estimates of $0.54 and low estimates of $0.31.

Analysts are recommending an EPS of between $2.3 and $1.9 for the fiscal current year, implying an average EPS of $2.13. EPS for the following year is $2.44, with 10 analysts recommending between $2.9 and $1.75.

Revenue Estimates

A total of 9 analysts have provided revenue estimates for WWW’s current fiscal year. The highest revenue estimate was $2.77B, while the lowest revenue estimate was $2.69B, resulting in an average revenue estimate of $2.74B. In the same quarter a year ago, actual revenue was $2.41B, up 13.30% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.87B in the next fiscal year. The high estimate is $3.01B and the low estimate is $2.72B. The average revenue growth estimate for next year is up 4.80% from the average revenue estimate for this year.