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Tuesday, June 6, 2023

An Evaluation Of Wolverine World Wide Inc. (NYSE: WWW) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Wolverine World Wide Inc. (WWW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.24, or -1.51%, to $15.67. The Wolverine World Wide Inc. has recorded 13,198 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Saucony and Galen College of Nursing Launch the First-Ever NIL Student Nurse Initiative in Recognition of National Student Nurse Day.

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Stocks Info

WWW belongs to the Consumer Cyclical sector of the NYSE while operating in the Footwear & Accessories industry. At the end of the last regular session, the stock closed at $15.91 and fluctuated between $16.21 as its day high and $15.57 as its day low. The current market capitalization of Wolverine World Wide Inc. is $1.29B. A total of 0.92 million shares were traded on the day, compared to an average of 1.18M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, WWW has seen 3 BUY and 2 SELL insider trades, representing the acquisition of 73,513 and the disposition of 63,513 shares. Over the last 12 months, there were 45 BUYs and 41 SELLs from insiders. Insiders purchased 914,646 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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. WWW’s most recent ex-dividend date was 6/30/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 8/1/2023. Previously, the company paid the dividend on 5/1/2023 with an ex-dividend date of 3/31/2023. The WWW stock dividend was $0.10 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WWW in the last 3 months, the mean price target is $19.13 with high estimates of $23.00 and low estimates of $15.00. 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 $0.19 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.13. The company reported an EPS of $0.85 in the last quarter, which was 707.10% higher than expectations of -$0.14.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.29.

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