Last Updated: 09 Nov 2024
Executive Summary
Wolverine World Wide Inc. (WWW) is a leading designer, manufacturer, and distributor of footwear, apparel, and accessories. The company has a strong brand portfolio, including Merrell, Saucony, Sperry, Keds, and Hush Puppies. WWW has a global presence, with operations in over 170 countries.
The company's financial performance has been mixed in recent years. Revenue has declined slightly, while earnings have been volatile. WWW is facing challenges from increased competition and rising costs. However, the company is taking steps to improve its performance, including investing in new products and expanding its e-commerce business.
Company Overview
Wolverine World Wide Inc. was founded in 1883. The company is headquartered in Rockford, Michigan. WWW has a global workforce of over 17,000 employees.
The company's product portfolio includes footwear, apparel, and accessories for men, women, and children. WWW's brands are sold in a variety of channels, including department stores, specialty stores, and online retailers.
Fundamental Analysis
WWW's financial performance has been mixed in recent years. Revenue has declined slightly, while earnings have been volatile. The company's gross margin has also declined in recent years.
Technical Analysis
WWW's stock price has been in a downtrend since early 2023. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
WWW's stock price is likely to remain under pressure in the short term. The company is facing challenges from increased competition and rising costs. However, the company is taking steps to improve its performance, and the stock could rebound if the company can execute on its plans.
Long Term Outlook
WWW has a strong brand portfolio and a global presence. The company is also taking steps to improve its performance. As a result, the company's long-term outlook is positive.
Analyst Recommendations
The majority of analysts have a "hold" rating on WWW's stock. However, there are a few analysts who have a "buy" rating on the stock. The average analyst target price for WWW's stock is $20.78.
