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NYSE:WWW

Wolverine World Wide (WWW) Stock Price, News & Analysis

$15.35
+0.16 (+1.05%)
(As of 09/20/2024 ET)

About Wolverine World Wide Stock (NYSE:WWW)

Key Stats

Today's Range
$14.87
$15.37
50-Day Range
$12.39
$15.36
52-Week Range
$7.21
$15.37
Volume
6.71 million shs
Average Volume
1.06 million shs
Market Capitalization
$1.23 billion
P/E Ratio
N/A
Dividend Yield
2.61%
Price Target
$17.17
Consensus Rating
Moderate Buy

Company Overview

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources and markets a range of footwear and apparel styles, including shoes, boots and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Merrell, Saucony, Sperry, Keds, Sweaty Betty, and Wolverine brands; and licenses under the Stride Rite brand. It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; and Wolverine branded eyewear and gloves. In addition, the company markets pigskin leather under the Wolverine Leather division; sourcing division provides consulting services related to product development, production control, quality assurance, materials procurement, compliance, and other service; and multi-brand direct-to-consumer division includes retail stores that sell footwear and apparel of its brand portfolio. Further, it sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, third-party licensees and distributors, and joint ventures; and operates brick and mortar retails stores, and e-commerce sites. Additionally, the company operates through a network of retail stores and e-commerce sites. Wolverine World Wide, Inc. was founded in 1883 and is headquartered in Rockford, Michigan.

Wolverine World Wide Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 84th Percentile

Wolverine World Wide scored higher than 84% of companies evaluated by MarketBeat, and ranked 68th out of 292 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Wolverine World Wide has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Wolverine World Wide has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Wolverine World Wide's stock forecast and price target.
  • Earnings Growth

    Earnings for Wolverine World Wide are expected to grow by 50.59% in the coming year, from $0.85 to $1.28 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Wolverine World Wide is -16.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Wolverine World Wide is -16.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Wolverine World Wide has a P/B Ratio of 4.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Wolverine World Wide's valuation and earnings.
  • Percentage of Shares Shorted

    8.74% of the float of Wolverine World Wide has been sold short.
  • Short Interest Ratio / Days to Cover

    Wolverine World Wide has a short interest ratio ("days to cover") of 5.5.
  • Change versus previous month

    Short interest in Wolverine World Wide has recently increased by 27.41%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Wolverine World Wide pays a meaningful dividend of 2.69%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Wolverine World Wide does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Wolverine World Wide will have a dividend payout ratio of 31.25% next year. This indicates that Wolverine World Wide will be able to sustain or increase its dividend.

  • Read more about Wolverine World Wide's dividend.
  • Percentage of Shares Shorted

    8.74% of the float of Wolverine World Wide has been sold short.
  • Short Interest Ratio / Days to Cover

    Wolverine World Wide has a short interest ratio ("days to cover") of 5.5.
  • Change versus previous month

    Short interest in Wolverine World Wide has recently increased by 27.41%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Wolverine World Wide has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for Wolverine World Wide this week, compared to 8 articles on an average week.
  • Search Interest

    4 people have searched for WWW on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Wolverine World Wide to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Wolverine World Wide insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.28% of the stock of Wolverine World Wide is held by insiders.

  • Percentage Held by Institutions

    90.25% of the stock of Wolverine World Wide is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Wolverine World Wide's insider trading history.

WWW Stock News Headlines

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Wolverine World Wide (WWW) Receives a Buy from Piper Sandler
See More Headlines

WWW Stock Analysis - Frequently Asked Questions

Wolverine World Wide's stock was trading at $8.89 at the beginning of 2024. Since then, WWW stock has increased by 72.7% and is now trading at $15.35.
View the best growth stocks for 2024 here
.

Wolverine World Wide, Inc. (NYSE:WWW) issued its quarterly earnings results on Wednesday, August, 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. The firm's revenue for the quarter was down 27.8% compared to the same quarter last year.

Top institutional shareholders of Wolverine World Wide include Earnest Partners LLC (6.65%), Pacer Advisors Inc. (5.94%), Diamond Hill Capital Management Inc. (1.39%) and Dimensional Fund Advisors LP (1.31%). Insiders that own company stock include Michael D Stornant, Jeffrey M Boromisa, Brendan Hoffman, Brenda J Lauderback, Isabel Soriano, Nicholas T Long, Amy M Klimek, Blake W Krueger and William K Gerber.
View institutional ownership trends
.

Shares of WWW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Wolverine World Wide investors own include Wendy's (WEN), Walgreens Boots Alliance (WBA), Carnival Co. & (CCL), Xerox (XRX), Cheesecake Factory (CAKE), Fifth Third Bancorp (FITB) and Andersons (ANDE).

Company Calendar

Ex-Dividend for 8/1 Dividend
7/01/2024
Dividend Payable
8/01/2024
Last Earnings
8/07/2024
Today
9/22/2024
Ex-Dividend for 11/1 Dividend
10/01/2024
Dividend Payable
11/01/2024
Next Earnings (Estimated)
11/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Footwear, except rubber
Sub-Industry
Footwear
CUSIP
97809710
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.17
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$-39,600,000.00
Pretax Margin
-10.09%

Debt

Sales & Book Value

Annual Sales
$1.87 billion
Cash Flow
$0.52 per share
Book Value
$3.77 per share

Miscellaneous

Free Float
78,107,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
1.76

This page (NYSE:WWW) was last updated on 9/22/2024 by MarketBeat.com Staff
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