In yesterday’s Wall Street session, Wolverine World Wide, Inc. (NYSE:WWW) shares traded at $13.87, down -0.22% from the previous session.
WWW stock price is now 14.56% away from the 50-day moving average and 43.43% away from the 200-day moving average. The market capitalization of the company currently stands at $1.11B.
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With the price target enhanced from $10 to $14, Telsey Advisory Group maintained Market Perform rating for Wolverine World Wide, Inc. (NYSE: WWW). On May 06, 2024, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $15, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Soriano Isabel, President, International Group sold 3,201 shares of the company’s stock on May 28 ’24. The stock was sold for $44,462 at an average price of $13.89. Upon completion of the transaction, the President, International Group now directly owns 26,519 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18 ’23, Director BOROMISA JEFFREY M bought 3,500 shares of the business’s stock. A total of $29,225 was incurred on buying the stock at an average price of $8.35. This leaves the insider owning 160,400 shares of the company worth $2.22 million. A total of 1.64% of the company’s stock is owned by insiders.
During the past 12 months, Wolverine World Wide, Inc. has had a low of $7.21 and a high of $15.09. As of last week, the company has a debt-to-equity ratio of 4.04, a current ratio of 1.13, and a quick ratio of 0.65. The fifty day moving average price for WWW is $12.1934 and a two-hundred day moving average price translates $9.6946 for the stock.
The latest earnings results from Wolverine World Wide, Inc. (NYSE: WWW) was released for 2024-03-30. The net profit margin was -3.61% and return on equity was -25.42% for WWW. The company reported revenue of $394.9 million for the quarter, compared to $599.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.12 percent.
