Market Update: Wolverine World Wide, Inc. (WWW) Sees Positive Movement, Closing at 16.60

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In the latest session, Wolverine World Wide, Inc. (NYSE: WWW) closed at $16.60 up 0.48% from its previous closing price of $16.52. In other words, the price has increased by $0.48 from its previous closing price. On the day, 0.77 million shares were traded. WWW stock price reached its highest trading level at $16.695 during the session, while it also had its lowest trading level at $16.3.

Ratios:

For a deeper understanding of Wolverine World Wide, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.34. 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.

KeyBanc Capital Markets Upgraded its Sector Weight to Overweight on August 08, 2024, while the target price for the stock was maintained at $20.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1328176000 and an Enterprise Value of 2155276288. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 5.07. Its current Enterprise Value per Revenue stands at 1.15 whereas that against EBITDA is 222.193.

Stock Price History:

Over the past 52 weeks, WWW has reached a high of $18.51, while it has fallen to a 52-week low of $7.21. The 50-Day Moving Average of the stock is 13.47%, while the 200-Day Moving Average is calculated to be 38.54%.

Shares Statistics:

For the past three months, WWW has traded an average of 1.31M shares per day and 1404100 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 1727654400 were 4247699 with a Short Ratio of 3.25, compared to 1724976000 on 6878976. Therefore, it implies a Short% of Shares Outstanding of 4247699 and a Short% of Float of 9.2.

Dividends & Splits

According to the company, the forward annual dividend rate for WWW is 0.40, from 0.4 in the trailing year. Against a Trailing Annual Dividend Yield of 0.024213076The stock’s 5-year Average Dividend Yield is 2.29.

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