Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Wolverine World Wide Inc. (NYSE: WWW) improved during the last several trading days. WWW’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Wolverine World Wide Inc. (NYSE: WWW) stock closed at $14.15 on 8/1/24 after a decline of -4.8%. However, this decline was accompanied by below average trading volume at 82% of normal. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WWW is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Wolverine World Wide has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Wolverine World Wide has a slightly negative Appreciation Score of 32 but a very high Power Rating of 91, and the Positive Value Trend Rating results.
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