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Monday, June 5, 2023

What Are The Chances Of Wolverine World Wide Inc. (NYSE: WWW) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Wolverine World Wide Inc. (WWW) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $16.74. The Wolverine World Wide Inc. has recorded 94,586 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Wolverine Boots Joins Forces with Coach Jim Harbaugh and SkillsUSA to Amplify National Signing Day.

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Stocks Info

As a NYSE listed company, WWW falls under the Consumer Cyclical sector while operating within the Footwear & Accessories industry segment. At the end of the last regular session, the stock closed at $16.74 and fluctuated between $16.75 as its day high and $15.86 as its day low. The current market capitalization of Wolverine World Wide Inc. is $1.26B. A total of 0.86 million shares were traded on the day, compared to an average of 1.26M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, WWW has seen 33 BUY and 32 SELL insider trades, representing the acquisition of 625,077 and the disposition of 286,017 shares. Over the last 12 months, there were 49 BUYs and 41 SELLs from insiders. Insiders purchased 927,927 shares during that period but sold 383,635.

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.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WWW in the last 3 months, the mean price target is $17.75 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 $24.08 and a low of $9.60.

As of this writing, WWW has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.04. The company reported an EPS of $0.48 in the last quarter, which was -12.70% lower than expectations of $0.55.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. WWW’s latest balance sheet shows that the firm has $161.70M in Cash & Short Term Investments as of fiscal 2021. There were $1.12B in debt and $759.60M in liabilities at the time. Its Book Value Per Share was $4.07, while its Total Shareholder’s Equity was $644.40M.

Analysts Opinion

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. 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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