At the time of writing, Wolverine World Wide, Inc [WWW] stock is trading at $23.12, down -1.20%. 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 2.48% over the last week, with a monthly amount drifted -0.34%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Wolverine World Wide, Inc [NYSE: WWW] stock has seen the most recent analyst activity on December 11, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $29 from $21. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on November 08, 2024, and elevated its price target to $23. On October 03, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $22 on the stock. KeyBanc Capital Markets upgraded its rating to a Overweight but $20 remained the price target by the analyst firm on August 08, 2024. Telsey Advisory Group reiterated a Market Perform rating for this stock on August 08, 2024, and upped its price target to $15. In a note dated July 19, 2024, UBS upgraded an Buy rating on this stock and boosted its target price from $13 to $20.
For the past year, the stock price of Wolverine World Wide, Inc fluctuated between $8.05 and $24.64. Currently, Wall Street analysts expect the stock to reach $19.6 within the next 12 months. Wolverine World Wide, Inc [NYSE: WWW] shares were valued at $23.12 at the most recent close of the market. An investor can expect a potential drop of -15.22% based on the average WWW price forecast.
Analyzing the WWW fundamentals
According to Wolverine World Wide, Inc [NYSE:WWW], the company’s sales were 1.79B for trailing twelve months, which represents an -16.58% plunge. 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 2.98.
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 22.91 points at the first support level, and at 22.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.41, and for the 2nd resistance point, it is at 23.71.
Ratios To Look Out For
It is important to note that Wolverine World Wide, Inc [NYSE:WWW] has a current ratio of 1.23. Further, the Quick Ratio stands at 0.77, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.04, the price to book ratio is 6.43.
Transactions by insiders
Recent insider trading involved Soriano Isabel, President, International Group, that happened on Nov 25 ’24 when 7687.0 shares were sold. Chief Human Resources Officer, Klimek Amy M. completed a deal on Nov 12 ’24 to sell 24000.0 shares. Meanwhile, Chief Human Resources Officer Klimek Amy M. sold 10214.0 shares on Nov 07 ’24.
