Shares of Wolverine World Wide Inc. (WWW) Rise Above Previous 52-Week High

February 22, 2021 11:21:16

Wolverine World Wide Inc. (NYSE:WWW) traded today at a new 52-week high of $34.88. This new high was reached on below average trading volume as 70,000 shares traded hands, while the average 30-day volume is approximately 386,000 shares.

Potential upside of 231.7% exists for Wolverine World Wide Inc., based on a current level of $34.88 and analysts’ average consensus price target of $115.71.

Wolverine World Wide makes a wide range of footwear and apparel that it sells globally through three main divisions. The company sells casual footwear and apparel through its lifestyle group, and it sells performance and athletic apparel through its performance group. Its heritage group consists largely of industrial and work boots and shoes. Company brands include Sperry, Stride Rite, Hush Puppies, Keds, Merrell, and Saucony. The company also licenses brands including Harley-Davidson and Cat. Most company sales are wholesale to third-party retailers, but Wolverine also has some direct-to-consumer exposure and bids for U.S. military contracts. The company sources most of its product from third-party manufacturers in Asia. Wolverine manufactures some products internally.

In the past 52 weeks, shares of Wolverine World Wide Inc. have traded between a low of $12.19 and a high of $34.88 and is now at $34.88, which is 186% above that low price.

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