While Wolverine World Wide, Inc has overperformed by 1.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WWW rose by 158.93%, with highs and lows ranging from $24.64 to $8.06, whereas the simple moving average jumped by 33.89% in the last 200 days.
On December 11, 2024, Stifel Upgraded Wolverine World Wide, Inc (NYSE: WWW) to Buy. A report published by Telsey Advisory Group on November 08, 2024, Reiterated its previous ‘Market Perform’ rating for WWW. Exane BNP Paribas also Upgraded WWW shares as ‘Outperform’, setting a target price of $22 on the company’s shares in a report dated October 03, 2024. Piper Sandler Initiated an Overweight rating on August 23, 2024, and assigned a price target of $18. KeyBanc Capital Markets August 08, 2024d its ‘Sector Weight’ rating to ‘Overweight’ for WWW, as published in its report on August 08, 2024. Telsey Advisory Group’s report from August 08, 2024 suggests a price prediction of $15 for WWW shares, giving the stock a ‘Market Perform’ rating. UBS also rated the stock as ‘Buy’.
Analysis of Wolverine World Wide, Inc (WWW)
With WWW’s current dividend of $0.40 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -16.58%, showing a negative trend in the upcoming months.
Wolverine World Wide, Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -21.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.77, 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.
The average volume for any stock is also a very valuable indicator of volatility, and WWW has an average volume of 1.23M. On a monthly basis, the volatility of the stock is set at 4.08%, whereas on a weekly basis, it is put at 4.56%, with a loss of -4.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $25.44, showing growth from the present price of $22.19, 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 analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 1.66%. 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 97.20% 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 97.20% at present.
