Stock on Focus: Wolverine World Wide, Inc. (WWW)

Company Profile:

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through Lifestyle Group, Performance Group, and Heritage Group segments. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; childrens’ footwear; industrial work shoes, boots, and apparel; and uniform shoes and boots.The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors. As of January 2, 2016, the company operated 390 retail stores in the United States and Canada, as well as 70 consumer-direct Websites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.

Recent News:

On Dec. 21, 2016, the company announced an update on the progress of its ongoing strategic initiatives, which includes the divestiture of its Robeez brand.

On Dec. 7, 2016, Its Board of Directors has declared a quarterly cash dividend of $0.06 per share of common stock. The dividend is payable on February 1, 2017, to stockholders of record on January 2, 2017.

For the third quarter ended September 10, 2016, the company reported revenue of $603.7 million, declining 11.1% versus the prior year. Diluted earnings per share were $0.49, compared to $0.44 in the prior year.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

WWW’s strengths can be seen in its better growth, better profitability and strong efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator. RSI stands at 52.78 with positive bias. We rate Wolverine World Wide, Inc. (WWW) a STRONG BUY.

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