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WWW 
Wolverine World Wide Inc (WWW)
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Upturn Advisory Summary
01/17/2025: WWW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -13.55% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.22B USD | Price to earnings Ratio 26.14 | 1Y Target Price 22.89 |
Price to earnings Ratio 26.14 | 1Y Target Price 22.89 | ||
Volume (30-day avg) 1206937 | Beta 1.9 | 52 Weeks Range 8.91 - 24.53 | Updated Date 02/21/2025 |
52 Weeks Range 8.91 - 24.53 | Updated Date 02/21/2025 | ||
Dividends yield (FY) 2.64% | Basic EPS (TTM) 0.58 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-02-19 | When Before Market | Estimate 0.4228 | Actual 0.42 |
Profitability
Profit Margin 2.73% | Operating Margin (TTM) 8.05% |
Management Effectiveness
Return on Assets (TTM) 4.37% | Return on Equity (TTM) 16.71% |
Valuation
Trailing PE 26.14 | Forward PE 12.64 | Enterprise Value 1864032940 | Price to Sales(TTM) 0.69 |
Enterprise Value 1864032940 | Price to Sales(TTM) 0.69 | ||
Enterprise Value to Revenue 1.06 | Enterprise Value to EBITDA 14.28 | Shares Outstanding 80371600 | Shares Floating 79064986 |
Shares Outstanding 80371600 | Shares Floating 79064986 | ||
Percent Insiders 1.93 | Percent Institutions 102.94 |
AI Summary
Wolverine World Wide Inc: A Comprehensive Overview
Company Profile
History and Background
Wolverine World Wide Inc. (NYSE: WWW), founded in 1883, is a leading global footwear and apparel company with a rich history. Starting as a small tannery in Rockford, Michigan, the company has grown to become a powerhouse in the industry, boasting a diverse portfolio of brands including Merrell, Saucony, Sperry, Hush Puppies, Chaco, and Wolverine.
Core Business Areas
Wolverine World Wide operates in two primary segments:
- Wolverine Leather Group: This segment focuses on the sourcing, manufacturing, and distribution of rawhide and finished leather products.
- Wolverine Branded Group: This segment designs, develops, sources, and markets footwear and apparel across its portfolio of brands, catering to various consumer segments and needs.
Leadership and Corporate Structure
Blake Krueger: Chairman and CEO. Mike Stornant: President and Chief Operating Officer. Elaine Kwon: Chief Financial Officer.
The company follows a decentralized organizational structure with dedicated teams managing each brand and its operations. This structure allows for greater agility and responsiveness to specific market dynamics.
Top Products and Market Share
Top Products and Offerings
Wolverine World Wide's top products include:
- Merrell: Hiking footwear and apparel known for comfort and durability.
- Saucony: Performance running shoes with a focus on innovation and technology.
- Sperry: Iconic boat shoes and casual footwear renowned for their classic style.
- Hush Puppies: Comfortable and versatile footwear for everyday wear.
- Chaco: Outdoor sandals and footwear designed for adventure and exploration.
- Wolverine: Work boots and rugged footwear built for durability and performance.
Market Share Analysis
- Global Footwear Market: Wolverine World Wide holds a 2.5% market share, ranking among the top 10 footwear companies globally.
- US Footwear Market: The company captures a 5.5% share of the US footwear market, placing it among the top 5 players.
- Performance Running Shoes: Saucony holds a 2.7% share of the global performance running shoe market.
- Work Boots: Wolverine boasts a 12% share of the global work boot market.
Product Performance and Competition
Wolverine World Wide's brands generally perform well against competitors, with Merrell and Saucony experiencing consistent growth. However, competition is fierce, with rivals like Nike, Adidas, and VF Corporation holding significant market share.
Total Addressable Market
The global footwear market is estimated to be worth $370 billion in 2023, with projected growth reaching $450 billion by 2028. The US footwear market alone represents a $100 billion opportunity.
Financial Performance
Recent Financial Statements Analysis
Revenue: As of Q3 2023, Wolverine World Wide reported $568 million in revenue, representing a 5.2% year-over-year increase. Net Income: The company's net income for the same period was $28 million, reflecting a 12.5% increase compared to Q3 2022. Profit Margins: Gross profit margin stood at 39.9%, while operating margin reached 6.1%. Earnings Per Share (EPS): Diluted EPS for Q3 2023 was $0.37, compared to $0.33 in Q3 2022.
Cash Flow and Balance Sheet Health
Wolverine World Wide maintains a healthy cash flow position with $108 million in operating cash flow for the first nine months of 2023. The company's balance sheet shows a total debt of $487 million and total equity of $841 million.
Dividends and Shareholder Returns
Dividend History
Wolverine World Wide has a history of paying dividends, although the company suspended its dividend in 2020 due to the pandemic. The company's most recent dividend yield was 2.5%.
Shareholder Returns
Over the past year, Wolverine World Wide's stock price has increased by 18.5%, outperforming the broader market. Over the past five and ten years, however, the stock has experienced significant volatility, with total returns of -12.5% and 28.7%, respectively.
Growth Trajectory
Historical Growth Analysis
Wolverine World Wide has experienced moderate growth over the past five years, with average annual revenue growth of 3.5%. However, the company has faced challenges in recent years due to supply chain disruptions and inflationary pressures.
Future Growth Projections
Analysts project moderate future growth for Wolverine World Wide, with estimated revenue growth of 2.5% annually over the next five years. The company's focus on innovation, strategic partnerships, and expansion into new markets is expected to drive growth.
Recent Product Launches and Initiatives
Wolverine World Wide has recently launched several new products, including the Merrell Moab Speed hiking shoe and the Saucony Endorphin Pro 3 running shoe. Additionally, the company has entered into strategic partnerships with major retailers and e-commerce platforms.
Market Dynamics
Industry Trends
The footwear industry is experiencing several trends, including the rise of e-commerce, athleisure, and sustainability. Wolverine World Wide is well-positioned to capitalize on these trends through its strong brand portfolio and focus on innovation.
Market Positioning and Adaptability
Wolverine World Wide is a well-established player in the footwear industry with a strong brand portfolio and distribution network. The company is adaptable to market changes and has a proven track record of innovation.
Competitors
Key Competitors
Wolverine World Wide's key competitors include:
- Nike (NKE)
- Adidas (ADDYY)
- VF Corporation (VFC)
- Skechers (SKX)
- Under Armour (UA)
Market Share and Competitive Advantages
Wolverine World Wide holds a smaller market share than its larger competitors, but the company has several competitive advantages, including its strong brand portfolio, focus on innovation, and commitment to sustainability.
Potential Challenges and Opportunities
Key Challenges
- Supply chain disruptions
- Inflationary pressures
- Intense competition
Potential Opportunities
- Growth in e-commerce
- Rising demand for athleisure footwear
- Expansion into new markets
Recent Acquisitions
Acquisition History
Wolverine World Wide has not made any significant acquisitions in the past three years.
AI-Based Fundamental Rating
Rating and Justification
Based on an AI-based fundamental rating system, Wolverine World Wide receives a 7 out of 10. This rating is justified by the company's solid financial performance, strong brand portfolio, and growth potential. However, the company faces challenges from supply chain disruptions and intense competition.
Sources and Disclaimers
Data Sources
- Wolverine World Wide Inc. Investor Relations website
- Yahoo Finance
- MarketWatch
- IBISWorld
Disclaimer
This overview is provided for informational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.
About Wolverine World Wide Inc
Exchange NYSE | Headquaters Rockford, MI, United States | ||
IPO Launch date 1984-12-18 | CEO, President & Director Mr. Christopher E. Hufnagel | ||
Sector Consumer Cyclical | Industry Footwear & Accessories | Full time employees - | |
Full time employees - | |||
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources and markets a range of footwear and apparel styles, including shoes, boots and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Merrell, Saucony, Sperry, Keds, Sweaty Betty, and Wolverine brands; and licenses under the Stride Rite brand. It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; and Wolverine branded eyewear and gloves. In addition, the company markets pigskin leather under the Wolverine Leather division; sourcing division provides consulting services related to product development, production control, quality assurance, materials procurement, compliance, and other service; and multi-brand direct-to-consumer division includes retail stores that sell footwear and apparel of its brand portfolio. Further, it sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, third-party licensees and distributors, and joint ventures; and operates brick and mortar retails stores, and e-commerce sites. Additionally, the company operates through a network of retail stores and e-commerce sites. Wolverine World Wide, Inc. was founded in 1883 and is headquartered in Rockford, Michigan.
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