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The closing price of Wolverine World Wide, Inc. (NYSE: WWW) was $9.59 for the day, up 1.80% from the previous closing price of $9.42. In other words, the price has increased by $1.80 from its previous closing price. On the day, 0.6 million shares were traded. WWW stock price reached its highest trading level at $9.675 during the session, while it also had its lowest trading level at $9.36.
Ratios:
Our analysis of WWW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.15. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 3.90 whereas as Long-Term Debt/Eq ratio is at 2.65.
Exane BNP Paribas Downgraded its Outperform to Neutral on August 11, 2023, while the target price for the stock was maintained at $9.
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 Aug 18 ’23 when BOROMISA JEFFREY M bought 3,500 shares for $8.35 per share. The transaction valued at 29,225 led to the insider holds 160,400 shares of the business.
Stornant Michael D bought 3,800 shares of WWW for $31,122 on Aug 16 ’23. The EVP, CFO and Treasurer now owns 221,844 shares after completing the transaction at $8.19 per share. On Jun 05 ’23, another insider, LAUDERBACK BRENDA J, who serves as the Director of the company, sold 3,050 shares for $13.68 each. As a result, the insider received 41,724 and left with 32,345 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WWW now has a Market Capitalization of 766344576 and an Enterprise Value of 1695063424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 0.756 whereas that against EBITDA is 26.403.
Stock Price History:
Over the past 52 weeks, WWW has reached a high of $17.85, while it has fallen to a 52-week low of $7.21. The 50-Day Moving Average of the stock is -1.73%, while the 200-Day Moving Average is calculated to be 2.27%.
Shares Statistics:
WWW traded an average of 822.66K shares per day over the past three months and 749630 shares per day over the past ten days. A total of 79.55M shares are outstanding, with a floating share count of 78.60M. Insiders hold about 1.63% of the company’s shares, while institutions hold 90.38% stake in the company. Shares short for WWW as of 1711584000 were 4412646 with a Short Ratio of 5.36, compared to 1709164800 on 4934168. Therefore, it implies a Short% of Shares Outstanding of 4412646 and a Short% of Float of 9.58.
Dividends & Splits
With its trailing 12-month dividend rate of 0.4, WWW has a forward annual dividend rate of 0.40. The stock’s 5-year Average Dividend Yield is 2.12.
Earnings Estimates
The stock of Wolverine World Wide, Inc. (WWW) is currently in the spotlight, with WW International, Inc. analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $937.54, with high estimates of $9.59 and low estimates of $146.81.
Analysts are recommending an EPS of between $Consumer Cyclical and $Industrials for the fiscal current year, implying an average EPS of $Industrials.
