Wolverine World Wide, Inc. [WWW] stock prices are up 4.62% to $16.09 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WWW shares have gain 6.84% over the last week, with a monthly amount glided 19.10%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, KeyBanc Capital Markets upgraded its rating to Overweight on August 08, 2024, and kept the price target unchanged to $20. On August 08, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $15 on the stock. UBS upgraded its rating to a Buy and increased its price target to $20 on July 19, 2024. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $14 on May 09, 2024. Seaport Research Partners upgraded its rating to Buy for this stock on May 06, 2024, but kept the price target unchanged to $15.
The stock price of Wolverine World Wide, Inc. [WWW] has been fluctuating between $7.21 and $15.57 over the past year. Currently, Wall Street analysts expect the stock to reach $19.56 within the next 12 months. Wolverine World Wide, Inc. [NYSE: WWW] shares were valued at $16.09 at the most recent close of the market. An investor can expect a potential return of 21.57% based on the average WWW price forecast.
Analyzing the WWW fundamentals
The Wolverine World Wide, Inc. [NYSE:WWW] reported sales of 1.87B for trailing twelve months, representing a drop of -27.82%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.29 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.64 points at the first support level, and at 15.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.34, and for the 2nd resistance point, it is at 16.60.
Ratios To Look Out For
It’s worth pointing out that Wolverine World Wide, Inc. [NYSE:WWW]’s Current Ratio is 1.19. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 4.91.
Transactions by insiders
Recent insider trading involved Soriano Isabel, President, International Group, that happened on May 28 ’24 when 3201.0 shares were sold.
