During the last session, Wolverine World Wide, Inc (NYSE:WWW)’s traded shares were 1.2 million, with the beta value of the company hitting 1.78. At the end of the trading day, the stock’s price was $14.30, reflecting an intraday gain of 0.78% or $0.11. The 52-week high for the WWW share is $24.64, that puts it down -72.31 from that peak though still a striking 36.64% gain since the share price plummeted to a 52-week low of $9.06. The company’s market capitalization is $1.15B, and the average trade volume was 1.36 million shares over the past three months.
Wolverine World Wide, Inc (WWW) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.60. WWW has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.11.
Wolverine World Wide, Inc (NYSE:WWW) trade information
Wolverine World Wide, Inc (WWW) registered a 0.78% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.78% in intraday trading to $14.30, hitting a weekly high. The stock’s 5-day price performance is -7.68%, and it has moved by -34.67% in 30 days. Based on these gigs, the overall price performance for the year is 40.89%.
The consensus price target of analysts on Wall Street is $22, which implies an increase of 35.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $23 respectively. As a result, WWW is trading at a discount of -60.84% off the target high and -25.87% off the low.
Wolverine World Wide, Inc (WWW) estimates and forecasts
In the rating firms’ projections, revenue will increase 3.85% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 395.57M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 445.52M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 394.9M and 425.2M respectively. In this case, analysts expect current quarter sales to grow by 0.17% and then jump by 4.78% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -16.72%. While earnings are projected to return 31.86% in 2025, the next five years will return 31.01% per annum.
WWW Dividends
Wolverine World Wide, Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Wolverine World Wide, Inc is 0.40, with the dividend yield indicating at 2.80 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 11.63 million shares, is of FMR LLC’s that is approximately 14.5695% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $157.19 million.
Also, the Mutual Funds coming in first place with the largest holdings of Wolverine World Wide, Inc (WWW) shares are Fidelity Low-Priced Stock Fund and iShares Core S&P Smallcap ETF . Data provided on Oct 31, 2024 indicates that Fidelity Low-Priced Stock Fund owns about 5.45 shares. This amounts to just over 6.78 percent of the company’s overall shares, with a $77.9 million market value. The same data shows that the other fund manager holds slightly less at 5.17, or about 6.43% of the stock, which is worth about $73.91 million.
