Wolverine World Wide, Inc (WWW) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 1.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.34 million shares. During the session, the Footwear & Accessories company that operates in wider Consumer Cyclical sector, reached to the highest price of $24.085 whereas the lowest price it dropped to was $23.38. The 52-week range on WWW shows that it touched its highest point at $23.73 and its lowest point at $7.58 during that stretch. It currently has a 1-year price target of $24.11. With its current market cap of 1.90 billion, WWW has annualized dividend of $0.40 while the current yield stands at 1.68%. WWW paid its most recent dividend on 1727740800, while the ex-dividend date for that was 1735776000. Beta for the stock currently stands at 1.89.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WWW was up-trending over the past week, with a rise of 8.45%, but this was up by 50.16% over a month. Three-month performance surged to 74.82% while six-month performance rose 72.53%. The stock gained 182.62% in the past year, while it has gained 167.04% so far this year. A look at the trailing 12-month EPS for WWW yields -0.87 with Next year EPS estimates of 1.35. For the next quarter, that number is 0.41. This implies an EPS growth rate of 1688.70% for this year and 51.25% for next year.

Float and Shares Shorts:

At present, 79.55 million WWW shares are outstanding with a float of 78.73 million shares on hand for trading. On 2024-10-31, short shares totaled 3.52 million, which was 439.99999999999994 higher than short shares on 1727654400. In addition to Mr. Christopher E. Hufnagel as the firm’s CEO, President & Director, Ms. Amy M. Klimek serves as its Chief Human Resources Officer.

Institutional Ownership:

Through their ownership of 0.9487 of WWW’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-28, WWW reported revenue of $440200000.0 and operating income of $26700000.0. The EBITDA in the recently reported quarter was $36600000.0 and diluted EPS was $0.28.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WWW since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WWW analysts setting a high price target of 28.0 and a low target of 21.0, the average target price over the next 12 months is 24.11111. Based on these targets, WWW could surge 17.94% to reach the target high and fall by -11.54% to reach the target low. Reaching the average price target will result in a growth of 1.56% from current levels.

Analysts have provided yearly estimates in a range of $0.9245 being high and $0.8642 being low. For WWW, this leads to a yearly average estimate of $0.89435. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is $0.3 and the low estimate is $0.18. The average estimate for the next quarter is thus $0.25.