Market Recap: Wolverine World Wide, Inc. (WWW)’s Positive Momentum, Closing at 17.16

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The closing price of Wolverine World Wide, Inc. (NYSE: WWW) was $17.16 for the day, up 1.12% from the previous closing price of $16.97. In other words, the price has increased by $1.12 from its previous closing price. On the day, 1.29 million shares were traded. WWW stock price reached its highest trading level at $17.19 during the session, while it also had its lowest trading level at $16.74.

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 9.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 1.19. In the meantime, Its Debt-to-Equity ratio is 3.69 whereas as Long-Term Debt/Eq ratio is at 2.67.

On August 08, 2024, KeyBanc Capital Markets Upgraded its rating to Overweight which previously was Sector Weight but kept the price unchanged to $20.

Telsey Advisory Group reiterated its Market Perform rating for the stock on August 08, 2024, while the target price for the stock was revised from $14 to $15.

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 Sep 26 ’24 when Latchana David A sold 7,706 shares for $17.02 per share. The transaction valued at 131,156 led to the insider holds 13,889 shares of the business.

Latchana David A bought 7,706 shares of WWW for $131,188 on Sep 26 ’24. On May 28 ’24, another insider, Soriano Isabel, who serves as the President, International Group of the company, sold 3,201 shares for $13.89 each. As a result, the insider received 44,462 and left with 26,519 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 1372981888 and an Enterprise Value of 2200082176. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 5.24. Its current Enterprise Value per Revenue stands at 1.174 whereas that against EBITDA is 226.813.

Stock Price History:

Over the past 52 weeks, WWW has reached a high of $17.57, while it has fallen to a 52-week low of $7.21. The 50-Day Moving Average of the stock is 21.25%, while the 200-Day Moving Average is calculated to be 47.52%.

Shares Statistics:

WWW traded an average of 1.26M shares per day over the past three months and 2371700 shares per day over the past ten days. A total of 79.55M shares are outstanding, with a floating share count of 78.69M. Insiders hold about 1.65% of the company’s shares, while institutions hold 97.16% stake in the company. Shares short for WWW as of 1726185600 were 7104895 with a Short Ratio of 5.64, compared to 1723680000 on 5399179. Therefore, it implies a Short% of Shares Outstanding of 7104895 and a Short% of Float of 15.39.

Dividends & Splits

With its trailing 12-month dividend rate of 0.4, WWW has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 0.023571009The stock’s 5-year Average Dividend Yield is 2.29.

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