WWW's effective marketing and innovative launches boost brand loyalty, whereas debt reduction strengthens its balance sheet.
Wolverine World Wide (WWW) closed on a two-year high Thursday after getting an upgrade and price target hike from BNP Paribas. George Tsilis says the upgrade is nothing to scoff at, pointing to a turnaround in its financial fitness.
Does Wolverine World Wide (WWW) have what it takes to be a top stock pick for momentum investors? Let's find out.
Wolverine (WWW) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Wolverine (WWW) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
WWW benefits from strategic growth, cost management and strong market momentum. Its focus on sustainability enhances its long-term potential.
Wolverine World Wide faces challenges with lower wholesale revenues but shows potential for growth by 4Q24 or FY25, leading to an overweight rating by bank analysts. Despite improvements in inventory and debt reduction, the stock's current price already factors in significant growth, making it a risky investment. The company's guidance for 4Q24 suggests a return to growth, but historical performance and untested new management make consistent growth assumptions uncertain.
Wolverine (WWW) reported earnings 30 days ago. What's next for the stock?
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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Wolverine (WWW) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
The consensus price target hints at a 34.6% upside potential for Wolverine (WWW). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Wolverine World Wide, Inc.'s Q2 results beat Wall Street estimates by a considerable margin, driven by many brands' slightly better performance than expected. Revenues still declined sharply, only in part related to macroeconomic turbulence, with good underlying profitability improvements and a sequential growth improvement showing positive signs. The clear focus on Saucony has improved new products' sell-through, showing good initial momentum in the renewed brand. Saucony is still losing share for now.