While Wolverine World Wide, Inc. has underperformed by -1.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WWW rose by 51.33%, with highs and lows ranging from $15.23 to $7.21, whereas the simple moving average jumped by 23.84% in the last 200 days.
On August 23, 2024, Piper Sandler started tracking Wolverine World Wide, Inc. (NYSE: WWW) recommending Overweight. A report published by KeyBanc Capital Markets on August 08, 2024, Upgraded its rating to ‘Overweight’ for WWW. Telsey Advisory Group also reiterated WWW shares as ‘Market Perform’, quoting a target price of $15 on the company’s shares in a report dated August 08, 2024. UBS July 19, 2024d the rating to Buy on July 19, 2024, and set its price target from $13 to $20. Telsey Advisory Group resumed its ‘Market Perform’ rating for WWW, as published in its report on May 09, 2024. Seaport Research Partners’s report from May 06, 2024 suggests a price prediction of $15 for WWW shares, giving the stock a ‘Buy’ rating. KeyBanc Capital Markets also rated the stock as ‘Sector Weight’.
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Analysis of Wolverine World Wide, Inc. (WWW)
WWW currently pays a dividend of $0.40 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -27.82%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Wolverine World Wide, Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -27.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.74, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.22M can be a very valuable indicator of volatility for WWW stock. On a monthly basis, the volatility of the stock is set at 4.06%, whereas on a weekly basis, it is put at 3.34%, with a gain of 0.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.33, showing growth from the present price of $13.65, which can serve as yet another indication of whether WWW is worth investing in or should be passed over.
How Do You Analyze Wolverine World Wide, Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.65%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 98.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WWW shares are owned by institutional investors to the tune of 98.51% at present.
