Wolverine World Wide which can be found using ticker (WWW) now have 8 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 23 and 13 with the average target price sitting at $17.50. Given that the stocks previous close was at $16.81 and the analysts are correct then there would likely be a percentage uptick in value of 4.1%. It’s also worth noting that there is a 50 day moving average of $15.18 and the 200 day MA is $16.89. The company has a market capitalization of $1,327m. Find out more information at: https://www.wolverineworldwide.com
The potential market cap would be $1,381m based on the market consensus.
Wolverine World Wide designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group, Work Group, Lifestyle Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids’ footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources and markets a range of footwear and apparel styles, including shoes, boots and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Merrell, Saucony, Sperry, Sweaty Betty, and Wolverine brands; and licenses under the Stride Rite brand. It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; and Wolverine branded eyewear and gloves. In addition, the company markets pigskin leather under the Wolverine Leather division; sourcing division provides consulting services related to product development, production control, quality assurance, materials procurement, compliance, and other service; and multi-brand direct-to-consumer division includes retail stores that sell footwear and apparel of its brand portfolio. Further, it sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, third-party licensees and distributors, and joint ventures; and operates brick and mortar retails stores, and e-commerce sites. Additionally, the company operates through a network of retail stores and consumer-direct e-commerce sites. Wolverine World Wide was founded in 1883 and is headquartered in Rockford, Michigan.
The company has a dividend yield of 2.38% with the ex dividend date set at 31-3-2023 (DMY).
