Technicals Say Wolverine World Wide Inc. (WWW) Is Worth Holding

As of Thursday close, Wolverine World Wide Inc.’s (NYSE:WWW) stock was up $1.79, moving up 10.49 percent to $18.85. The average number of shares traded per day over the past five days has been 1,062,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 750,810, while in the previous 50 days, it was 658,984.

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Since last month, WWW stock retreated -11.54%. Shares of the company fell to $16.65 on 05/11/22, the lowest level in the past month. A 52-week high of $42.04 was reached on 01/03/22 after having rallying from a 52-week low of $16.65. Since the beginning of this year, WWW’s stock price has dropped by -34.57% or -$9.96, and marked a new high 1 time. However, the stock has declined by -55.16% since its 52-week high.

Wolverine World Wide Inc. (WWW) last reported insider trading activity 66 days ago on Mar 08. HOFFMAN BRENDAN, the President and CEO of the company, purchased of 5,000 shares for $21.65 on Mar 08. It resulted in a $108,250 investment by the insider. BOROMISA JEFFREY M sold 4,788 shares at an average price of $22.02 on Mar 08. The insider now owns 5,314 shares following the transaction. On Feb 28, Director LAUDERBACK BRENDA J sold 4,975 shares at $23.34 apiece. The transaction was valued at $116,116.

Valuation Metrics

Right now, Wolverine World Wide Inc. (WWW) has a P/E ratio of about 23.45. The stock’s beta is 1.77. Besides these, the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 2.45, and the price-to-cash flow ratio of 44.05 may also be considered.

The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10. On Wednesday February 13 2019, a $0.02 dividend increase was announced.

Financial Health

In the three months ended September 29, Wolverine World Wide Inc.’s quick ratio stood at 0.70, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.16, and the total debt-to-equity ratio was 1.54. On the profitability front, the trailing twelve-month gross margin is 42.60% percent. In the year ended September 29, operating margins totaled 5.00%. Based on annual data, WWW earned $1.03 billion in gross profit and brought in $2.41 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.80%. Return on equity (ROE) for the past 12 months was 10.80%.

In Wolverine World Wide Inc.’s quarter-end financial report for September 29, it reported total debt of $731.8 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WWW’s revenue rose 19.82% to $636.7 million during the quarter, while net income inched up to $635.6 million. While analysts expected Wolverine World Wide Inc. to report $0.6 quarterly earnings, the actual figure was $0.62 per share, beating the consensus estimate by 3.30%. During the quarter, the company generated $1.4 million in EBITDA. The liabilities of Wolverine World Wide Inc. were 1.94 billion at the end of its most recent quarter ended September 29, and its total debt was $1.18 billion. The value of shareholders’ equity is $81.69 million.

Technical Picture

This quick technical analysis looks at Wolverine World Wide Inc.’s (WWW) price momentum. With a historical volatility rate of 76.13%, the RSI 9-day stood at 41.45% on 12 May.

With respect to its five-day moving average, the current Wolverine World Wide Inc. price is down by -1.62% percent or -$0.31. At present, WWW shares trade -13.77% below its 20-day simple moving average and -32.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.34% below its SMA50 and -44.69% below its SMA200.

Stochastic coefficient K was 19.04% and Stochastic coefficient D was 11.69%, while ATR was 1.18. Given the Stochastic reading of 41.59% for the 14-day period, the RSI (14) reading has been calculated as 39.72%. As of today, the MACD Oscillator reading stands at -0.99, while the 14-day reading stands at -1.58.

Analyst Ratings

Seaport Research Partners launched its rating on Wolverine World Wide Inc. (NYSE: WWW) to a Neutral in a note to investors on January 18, 2022. Wolverine World Wide Inc. (WWW) has been rated Overweight by analysts. According to 0 brokerage firms, WWW is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Wolverine World Wide Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $26.50, the current consensus forecast for the stock is $20.00 – $37.00. Based on these forecasts, analysts predict Wolverine World Wide Inc. (WWW) will achieve an average price target of $27.50.


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