At the time of writing, Wolverine World Wide, Inc. [WWW] stock is trading at $16.94, up 4.18%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WWW shares have gain 3.17% over the last week, with a monthly amount glided 13.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wolverine World Wide, Inc. [NYSE: WWW] stock has seen the most recent analyst activity on October 03, 2024, when Exane BNP Paribas upgraded its rating to a Outperform but kept the price target unchanged to $22 for it. On August 08, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $20 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $15 on August 08, 2024. UBS upgraded its rating to a Buy and raised its price target to $20 on July 19, 2024. Telsey Advisory Group reiterated a Market Perform rating for this stock on May 09, 2024, and upped its price target to $14. In a note dated May 06, 2024, Seaport Research Partners upgraded an Buy rating on this stock but restated the target price of $15.
For the past year, the stock price of Wolverine World Wide, Inc. fluctuated between $7.52 and $18.51. Currently, Wall Street analysts expect the stock to reach $19.8 within the next 12 months. Wolverine World Wide, Inc. [NYSE: WWW] shares were valued at $16.94 at the most recent close of the market. An investor can expect a potential return of 16.88% based on the average WWW price forecast.
Analyzing the WWW fundamentals
According to Wolverine World Wide, Inc. [NYSE:WWW], the company’s sales were 1.87B for trailing twelve months, which represents an -27.82% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.23.
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 16.39 points at the first support level, and at 15.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.31, and for the 2nd resistance point, it is at 17.69.
Ratios To Look Out For
It is important to note that Wolverine World Wide, Inc. [NYSE:WWW] has a current ratio of 1.19. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 5.17.
Transactions by insiders
Recent insider trading involved Latchana David A, Chief Legal Officer, that happened on Sep 26 ’24 when 7706.0 shares were sold. Officer, Latchana David A completed a deal on Sep 26 ’24 to buy 7706.0 shares. Meanwhile, President, International Group Soriano Isabel sold 3201.0 shares on May 28 ’24.
