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Sunday, April 2, 2023

Investors’ Patience Is Being Tested Right Now By Wolverine World Wide Inc. (NYSE: WWW)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Wolverine World Wide Inc. (WWW) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.19, or 1.14%, to $16.80. The Wolverine World Wide Inc. has recorded 29,864 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Wolverine and Halo Launch Spartan-Inspired Boot Collection.

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Stocks Info

Wolverine World Wide Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Footwear & Accessories industry. At the end of the last regular session, the stock closed at $16.61 and fluctuated between $16.62 as its day high and $16.00 as its day low. The current market capitalization of Wolverine World Wide Inc. is $1.35B. A total of 1.37 million shares were traded on the day, compared to an average of 1.50M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, WWW has seen 13 BUY and 13 SELL insider trades, representing the acquisition of 135,770 and the disposition of 47,237 shares. Over the last 12 months, there were 27 BUYs and 20 SELLs from insiders. Insiders purchased 324,774 shares during that period but sold 104,683.

In the most recent transaction, Long Nicholas T. bought 10,000 shares of WWW for 16.13 per share on Feb 24. After the transaction, the Director now owns 26,334 company shares. In a previous transaction on Dec 09, BOROMISA JEFFREY M bought 100,000 shares at 10.49 per share. WWW shares that Director owns now total 156,900.

Among the insiders who bought shares, HOFFMAN BRENDAN acquired of 7,500 shares on Dec 09 at a per-share price of $10.25. This resulted in the President and CEO holding 48,157 shares of WWW after the transaction. In another insider transaction, Stornant Michael D bought 2,500 shares at $10.50 per share on Dec 09. Company shares held by the Senior VP, CFO and Treasurer now total 193,499.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. WWW’s most recent ex-dividend date was 3/31/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 5/1/2023. Previously, the company paid the dividend on 2/1/2023 with an ex-dividend date of 12/29/2022. The WWW stock dividend was $0.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WWW in the last 3 months, the mean price target is $17.50 with high estimates of $23.00 and low estimates of $13.00. In terms of 52-week highs and lows, WWW has a high of $24.95 and a low of $9.60.

As of this writing, WWW has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.15. The company reported an EPS of $0.66 in the last quarter, which was 1.50% higher than expectations of $0.65.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WWW is Overweight with a score of 3.29. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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