Exane BNP Paribas has recently raised Wolverine World Wide, Inc. (WWW) stock to Outperform rating, as announced on October 3, 2024, according to Finviz. Earlier, on August 23, 2024, Piper Sandler had resumed the stock to Overweight, setting a price target of $18. KeyBanc Capital Markets also raised Overweight rating with a price target of $20. Additionally, Telsey Advisory Group reiterated Market Perform rating on August 8, 2024, with a target price of $15. UBS analysts, in their report published on July 19, 2024, also raised Buy rating and set a price target of $13 for Wolverine World Wide, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Wolverine World Wide, Inc. (WWW) Stock Trading Recap
On Monday, Wolverine World Wide, Inc. (WWW) stock saw a decline, ending the day at $16.42 which represents a decrease of $-0.73 or -4.26% from the prior close of $17.15. The stock opened at $17.07 and touched a low of $16.19 during the day, reaching a high of $17.08. The volume of shares traded was 1.02 million falling short of the average volume of 1.30 million.
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WWW Stock Performance and Moving Averages
In recent trading, Wolverine World Wide, Inc. (WWW) stock price has shown some volatility, fluctuating -1.08% over the last five trades and 6.97% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 64.04%, and it has gained 13.40% in the previous three months. Currently, WWW is trading at -2.72%, 9.61%, and 34.74% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, WWW, a Consumer Cyclical sector stock, is trading -11.29% below its 52-week high but remains 118.35% above its 52-week low. The Average True Range (ATR) (14 days) of 0.65 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Wolverine World Wide, Inc.’s Profitability and Valuation Ratios
Wolverine World Wide, Inc.’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -2.74% and a profit margin of -4.45%, with a gross margin of 64.04%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Wolverine World Wide, Inc.’s market capitalization stands at $1.31 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.94. Additionally, the Price-to-Sales Ratio is 0.7, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.01, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.65% of Wolverine World Wide, Inc. (WWW)’s shares, while financial institutions hold 97.17%.
Notable insider trades include Latchana David A, Chief Legal Officer at Wolverine World Wide, Inc. (WWW), who sold 7706 shares on Sep 26 ’24, at $17.02 each, totaling $0.13 million.
