A share price of Wolverine World Wide, Inc [WWW] is currently trading at $22.31, up 1.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The WWW shares have gain 43.20% over the last week, with a monthly amount glided 35.05%, 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 November 08, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $23 from $15. Previously, Exane BNP Paribas upgraded its rating to Outperform on October 03, 2024, and kept the price target unchanged to $22. KeyBanc Capital Markets upgraded its rating to a Overweight but stick to its price target of $20 on August 08, 2024. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $15 on August 08, 2024. UBS upgraded its rating to Buy for this stock on July 19, 2024, and upped its price target to $20. In a note dated May 09, 2024, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $10 to $14.
Wolverine World Wide, Inc experienced fluctuations in its stock price throughout the past year between $7.58 and $22.00. Currently, Wall Street analysts expect the stock to reach $20.6 within the next 12 months. Wolverine World Wide, Inc [NYSE: WWW] shares were valued at $22.31 at the most recent close of the market. An investor can expect a potential drop of -7.66% based on the average WWW price forecast.
Analyzing the WWW fundamentals
Trailing Twelve Months sales for Wolverine World Wide, Inc [NYSE:WWW] were 1.79B which represents -16.58% decline. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.25 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 2.55.
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 21.81 points at the first support level, and at 21.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.71, and for the 2nd resistance point, it is at 23.10.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wolverine World Wide, Inc [NYSE:WWW] is 1.23. On the other hand, the Quick Ratio is 0.77, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 6.20.
Transactions by insiders
Recent insider trading involved Klimek Amy M., Officer, that happened on Nov 07 ’24 when 10214.0 shares were purchased. Chief Legal Officer, Latchana David A completed a deal on Sep 26 ’24 to sell 7706.0 shares. Meanwhile, Officer Latchana David A bought 7706.0 shares on Sep 26 ’24.
