Alert: Negative Investment/Fundamental Signals (11/17/23)-Wolverine World Wide Inc. (NYSE: WWW)


Recent notable negative changes in fundamentals have affected Wolverine World Wide Inc. (NYSE: WWW): the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.

Wolverine World Wide Inc. (NYSE: WWW). Important negative changes in investment behavior have recently occurred: its shorter term price trend turned down.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

WWW’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Wolverine World Wide has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Wolverine World Wide has a poor Appreciation Score of 29 and a very low Power Rating of 0, resulting in the Lowest Value Trend Rating.

Recent Price Action

Wolverine World Wide Inc. (NYSE: WWW) stock closed at $8.62 on 11/17/23 after a large increase of 3.2%. The stock has been extremely weak relative to the market over the last nine months and is unchanged during the last week.

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