Wolverine World Wide Inc. (NYSE: WWW) has reported E.P.S. of $0.28 for its third fiscal quarter (ending September 30) versus $0.11 for the same period a year ago — an increase of 155%. For the latest four quarters through September 30, E.P.S. were $-0.87 versus $-3.95 for the same period a year ago — a decline of -78%.
Recent Price Action
Wolverine World Wide Inc. (NYSE: WWW) stock closed at $21.80 on 11/7/24 after a major increase of 35.8%. Moreover, trading volume in this advance was exceptionally high at 420% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 38.9% during the last week.
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 rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Wolverine World Wide has a slightly negative Appreciation Score of 34 but a very high Power Rating of 99, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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