Analysis of Wolverine World Wide Inc. (NYSE:WWW): Selected Notes

The closing price of Wolverine World Wide Inc. (NYSE: WWW) was $16.81 for the day, up 1.20% from the previous closing price of $16.61. In other words, the price has increased by $+0.20 from its previous closing price. On the day, 799092 shares were traded. WWW stock price reached its highest trading level at $16.89 during the session, while it also had its lowest trading level at $16.32.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".



Our analysis of WWW’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 3.61 whereas as Long-Term Debt/Eq ratio is at 2.26.

Upgrades & Downgrades

On January 05, 2023, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $23 to $13.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 24 when Long Nicholas T. bought 10,000 shares for $16.13 per share. The transaction valued at 161,300 led to the insider holds 26,334 shares of the business.

BOROMISA JEFFREY M bought 100,000 shares of WWW for $1,049,000 on Dec 09. The Director now owns 156,900 shares after completing the transaction at $10.49 per share. On Dec 09, another insider, HOFFMAN BRENDAN, who serves as the President and CEO of the company, bought 7,500 shares for $10.25 each. As a result, the insider paid 76,875 and bolstered with 48,157 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 4.13.

Stock Price History:

Over the past 52 weeks, WWW has reached a high of $24.95, while it has fallen to a 52-week low of $9.60. The 50-Day Moving Average of the stock is 14.97, while the 200-Day Moving Average is calculated to be 16.93.

Shares Statistics:

WWW traded an average of 1.49M shares per day over the past three months and 1.15M shares per day over the past ten days. A total of 78.80M shares are outstanding, with a floating share count of 76.67M. Insiders hold about 0.10% of the company’s shares, while institutions hold 91.94% stake in the company. Shares short for WWW as of Jan 12, 2023 were 2.6M with a Short Ratio of 4.69M, compared to 3.05M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.31% and a Short% of Float of 4.58%.

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 2.41%, it implies a Forward Annual Dividend Yield of 2.65%. The stock’s 5-year Average Dividend Yield is 1.45.

Earnings Estimates

The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.15, while EPS last year was $0.41. The consensus estimate for the next quarter is $0.16, with high estimates of $0.25 and low estimates of $0.08.

Analysts are recommending an EPS of between $1.5 and $1.41 for the fiscal current year, implying an average EPS of $1.43. EPS for the following year is $1.63, with 9 analysts recommending between $2.1 and $1.1.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $665.4M to a low estimate of $655.12M. As of the current estimate, Wolverine World Wide Inc.’s year-ago sales were $635.6M, an estimated increase of 4.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $604.46M, a decrease of -1.70% less than the figure of $4.40% in the same quarter last year. There is a high estimate of $627.3M for the next quarter, whereas the lowest estimate is $578.5M.

A total of 8 analysts have provided revenue estimates for WWW’s current fiscal year. The highest revenue estimate was $2.69B, while the lowest revenue estimate was $2.67B, resulting in an average revenue estimate of $2.68B. In the same quarter a year ago, actual revenue was $2.41B, up 11.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $2.73B in the next fiscal year. The high estimate is $2.83B and the low estimate is $2.58B. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.