Taking On Challenges And Growing? – Wolverine World Wide, Inc. (WWW)

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Saucony® x Bodega Launch Limited – Edition Sneaker Collab.

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Stocks Info

This NYSE-listed company operates within the Footwear & Accessories industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Wolverine World Wide, Inc. is $766.40M. A total of 0.99 million shares were traded on the day, compared to an average of 992.73K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WWW has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 5 SELLs from insiders. Insiders purchased 94,650 shares during that period but sold 66,737.

In the most recent transaction, BOROMISA JEFFREY M bought 3,500 shares of WWW for 8.35 per share on Aug 18. After the transaction, the Director now owns 160,400 company shares. In a previous transaction on Aug 16, Stornant Michael D bought 3,800 shares at 8.19 per share. WWW shares that EVP, CFO and Treasurer owns now total 221,844.

Among the insiders who sold shares, LAUDERBACK BRENDA J disposed of 3,050 shares on Jun 05 at a per-share price of $13.68. This resulted in the Director holding 32,345 shares of WWW after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. WWW’s most recent ex-dividend date was 3/28/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 5/1/2024. Previously, the company paid the dividend on 2/1/2024 with an ex-dividend date of 12/29/2023. The WWW stock dividend was $0.10 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WWW in the last 3 months, the mean price target is $9.21 with high estimates of $11.00 and low estimates of $7.50. In terms of 52-week highs and lows, WWW has a high of $17.85 and a low of $7.21.

As of this writing, WWW has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.02 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $3.50, 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, 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 3.00.

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