Wolverine World Wide Inc. (NYSE:WWW) has a beta of 1.86. The stock’s Relative Strength Index (RSI) is 35.64, with weekly volatility at 3.42% and ATR at 1.56. The WWW stock’s 52-week price range has touched low of $18.95 and a $44.74 high. Its shares traded higher over the last trading session, gaining 0.19% on 05/20/21. The shares fell to a low of $34.95 before closing at $36.26. Intraday shares traded counted 0.47 million, which was 8.11% higher than its 30-day average trading volume of 514.63K. WWW’s previous close was $36.19 while the outstanding shares total 83.20M.
Investors have identified the Footwear & Accessories company Wolverine World Wide Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.98 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Wolverine World Wide Inc. (WWW) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For WWW, the company has in raw cash 364.8 million on their books with 10.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.05 billion total, with 497.8 million as their total liabilities.
WWW were able to record 24.1 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 17.4 million. In cash movements, the company had a total of 26.3 million as operating cash flow.
Potential earnings growth for Wolverine World Wide Inc. (WWW)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Wolverine World Wide Inc. recorded a total of 510.7 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 13.98% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 0.22%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 288.4 million trying to sell their products during the last quarter, with the result yielding a gross income of 222.3 million. This allows shareholders to hold on to 83.20M with the recently reported earning now reading 0.47 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.40 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.38 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WWW sounds very interesting.
Is the stock of WWW attractive?
In related news, Director, Long Nicholas T. sold 5,470 shares of the company’s stock in a transaction that recorded on May 18. The sale was performed at an average price of 38.65, for a total value of 211,416. As the sale deal closes, the Director, GERBER WILLIAM K now sold 3,000 shares of the company’s stock, valued at 115,020. Also, Pres, Global Ops Group, JEPPESEN MICHAEL sold 12,363 shares of the company’s stock in a deal that was recorded on May 14. The shares were price at an average price of 38.96 per share, with a total market value of 481,662. Following this completion of acquisition, the President, Merrell, Hufnagel Christopher now holds 2,150 shares of the company’s stock, valued at 90,192. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.
6 out of 11 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Wolverine World Wide Inc.. 0 analysts has assigned a Sell rating on the WWW stock. The 12-month mean consensus price target for the company’s shares has been set at $40.35.