In the preceding three months, 8 analysts have released ratings for Wolverine World Wide (NYSE:WWW), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 0 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 5 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $13.38, with a high estimate of $16.00 and a low estimate of $10.00. Witnessing a positive shift, the current average has risen by 23.2% from the previous average price target of $10.86.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of Wolverine World Wide by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mitch Kummetz | Seaport Global | Raises | Buy | $16.00 | $15.00 |
| Jay Sole | UBS | Raises | Neutral | $13.00 | $11.00 |
| Sam Poser | Williams Trading | Raises | Buy | $16.00 | $11.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Market Perform | $14.00 | $10.00 |
| Jonathan Komp | Baird | Raises | Neutral | $13.00 | $9.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Market Perform | $10.00 | $10.00 |
| Mitch Kummetz | Seaport Global | Announces | Buy | $15.00 | - |
| Dana Telsey | Telsey Advisory Group | Maintains | Market Perform | $10.00 | $10.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Wolverine World Wide. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Wolverine World Wide compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Wolverine World Wide's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Wolverine World Wide's market standing. Stay informed and make well-considered decisions with our Ratings Table.
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Unveiling the Story Behind Wolverine World Wide
Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.
Wolverine World Wide: Delving into Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Wolverine World Wide faced challenges, resulting in a decline of approximately -34.12% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Wolverine World Wide's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -3.75%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Wolverine World Wide's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -5.57%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Wolverine World Wide's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.76%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Wolverine World Wide's debt-to-equity ratio surpasses industry norms, standing at 4.04. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.