In the last trading session, 1.15 million shares of the Wolverine World Wide, Inc (NYSE:WWW) were traded, and its beta was 1.68. Most recently the company’s share price was $11.06, and it changed around $0.01 or 0.09% from the last close, which brings the market valuation of the company to $896.19M. WWW currently trades at a discount to its 52-week high of $24.64, offering almost -122.78% off that amount. The share price’s 52-week low was $9.06, which indicates that the current value has risen by an impressive 18.08% since then. We note from Wolverine World Wide, Inc’s average daily trading volume that its 10-day average is 2.09 million shares, with the 3-month average coming to 1.51 million.
Wolverine World Wide, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended WWW as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Wolverine World Wide, Inc is expected to report earnings per share of 0.11 for the current quarter.
Wolverine World Wide, Inc (NYSE:WWW) trade information
Instantly WWW has showed a green trend with a performance of 0.09% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 12.53 on recent trading dayincreased the stock’s daily price by 11.73%. The company’s shares are currently down -50.18% year-to-date, but still down -0.63% over the last five days. On the other hand, Wolverine World Wide, Inc (NYSE:WWW) is -17.22% down in the 30-day period. We can see from the shorts that 8.54 million shares have been sold at a short interest cover period of 6.23 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to increase their stock price by 51.91% from its current value. Analyst projections state that WWW is forecast to be at a low of $23 and a high of $23.
Wolverine World Wide, Inc (WWW) estimates and forecasts
The year-over-year growth rate is expected to be 3.40%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 395.41M in revenue for the current quarter. 8 analysts expect Wolverine World Wide, Inc to make 444.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 394.9M and 425.2M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.13%. Forecasts for the next quarter put sales growth at 4.54%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.72%. Wolverine World Wide, Inc earnings are expected to increase by 22.08% in 2025, but the outlook is positive 27.37% per year for the next five years.
WWW Dividends
Wolverine World Wide, Inc’s next quarterly earnings report is expected to be released on 2025-Feb-18. The annual dividend yield of the stock is 3.62 percent and its annual dividend per share was 0.40. It is important to note, however, that the 3.62% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.36 per year.
Wolverine World Wide, Inc (NYSE:WWW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.85% of Wolverine World Wide, Inc shares, and 102.35% of them are in the hands of institutional investors. The stock currently has a share float of 104.28%. Wolverine World Wide, Inc stock is held by 336.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 15.2121% of the shares, which is about 12.17 million shares worth $164.53 million.
FMR LLC, with 14.5331% or 11.63 million shares worth $157.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Puritan Trust-Fidelity Low-Priced Stock Fund and iShares Trust-iShares Core S&P Small-Cap ETF were the top two Mutual Funds as of Jan 31, 2025 . The former held 5.44 shares worth $60.11 million, making up 6.71% of all outstanding shares. On the other hand, iShares Trust-iShares Core S&P Small-Cap ETF held roughly 4.95 shares worth around $54.75 million, which represents about 6.11% of the total shares outstanding.
