Market Momentum Report: Wolverine World Wide, Inc (WWW)’s Positive Close at 23.17

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The price of Wolverine World Wide, Inc (NYSE: WWW) closed at $23.17 in the last session, up 0.70% from day before closing price of $23.01. In other words, the price has increased by $0.70 from its previous closing price. On the day, 0.63 million shares were traded. WWW stock price reached its highest trading level at $23.365 during the session, while it also had its lowest trading level at $23.025.

Ratios:

We take a closer look at WWW’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.15. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 2.98 whereas as Long-Term Debt/Eq ratio is at 2.40.

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 this company, Telsey Advisory Group on November 08, 2024, Reiterated its Market Perform rating but revised its target price to $23 from $15 previously.

On October 03, 2024, Exane BNP Paribas Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $22.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 12 ’24 when Klimek Amy M. sold 24,000 shares for $22.07 per share. The transaction valued at 529,680 led to the insider holds 20,238 shares of the business.

Klimek Amy M. sold 10,214 shares of WWW for $205,404 on Nov 07 ’24. The Chief Human Resources Officer now owns 19,093 shares after completing the transaction at $20.11 per share. On Nov 12 ’24, another insider, Klimek Amy M., who serves as the Officer of the company, bought 24,000 shares for $22.07 each.

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 1855149952 and an Enterprise Value of 2582351104. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.05 while its Price-to-Book (P/B) ratio in mrq is 6.44. Its current Enterprise Value per Revenue stands at 1.445 whereas that against EBITDA is 107.152.

Stock Price History:

Over the past 52 weeks, WWW has reached a high of $24.09, while it has fallen to a 52-week low of $7.58. The 50-Day Moving Average of the stock is 27.56%, while the 200-Day Moving Average is calculated to be 69.71%.

Shares Statistics:

According to the various share statistics, WWW traded on average about 1.33M shares per day over the past 3-months and 895060 shares per day over the past 10 days. A total of 79.55M shares are outstanding, with a floating share count of 78.73M. Insiders hold about 1.67% of the company’s shares, while institutions hold 94.08% stake in the company. Shares short for WWW as of 1731628800 were 3511301 with a Short Ratio of 2.64, compared to 1728950400 on 4073502. Therefore, it implies a Short% of Shares Outstanding of 3511301 and a Short% of Float of 7.6.

Dividends & Splits

The forward annual dividend rate for WWW is 0.40, which was 0.4 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.017383747The stock’s 5-year Average Dividend Yield is 2.31.

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