Just in time for Bourbon Heritage Month, Wolverine Boots brings back Old Rip Van Winkle collaboration to celebrate American craftsmanship ROCKFORD, Mich., Sept. 19, 2024 /PRNewswire/ -- Elevating the art of craftsmanship to new heights, Wolverine®, the 141-year-old boot and clothing company, has once again joined forces with Old Rip Van Winkle Distillery just in time for Bourbon Heritage Month. Through their mutual dedication to superior quality, these two brands proudly unveil Batch IV of their Wolverine 1 ...

Shares of Wolverine World Wide, Inc. (WWW) hit a 52-week high of $15.37 on Wednesday before finally closing at $14.89. So far, WWW stock has rallied 67.5% against the Zacks Shoes and Retail Apparel industry's sharp 21.4% decline. Brands investments and product diversification have enabled it to outperform the broader Zacks Consumer Discretionary sector and the S&P 500 index's growth of 0.6% and 18.1%, respectively, during the same period. Moreover, technical indicators are supportive of Wolverine's strong p ...

h3ct02 Wolverine World Wide (NYSE:WWW) 2Q24 continued to show a company challenged by significantly lower revenues in wholesale channels. However, the company also provided an improvement in guidance, and there are reasons to believe that the downward trend could revert by 4Q24 or FY25, leading to bank analysts moving the company to overweight. Although I generally like the company's direction and believe that its current results are not as negative as the financial statement figures show, I have difficulty ...

ROCKFORD, Mich., Sept. 16, 2024 /PRNewswire/ -- Cat® Footwear, a division of Wolverine World Wide, Inc. (NYSE: WWW) and official footwear licensee of Caterpillar, is introducing a bold and fearless addition to the brand's popular Invader Franchise with the Invader Max, a waterproof, composite toe, work boot. Drawing inspiration from Cat Inc.'s heavy-duty machinery and designed to dominate any terrain, the Invader Max is the ultimate fusion of bold style, comfort, and protection. Inspired by the World's Bold ...

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Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Available September 16, Saucony's first-ever footwear collab with Black Girls RUN! is part of multi-year partnership ROCKFORD, Mich., Sept. 5, 2024 /PRNewswire/ -- Saucony, a leading global performance running lifestyle brand, today announced the limited-edition Black Girls RUN! x Saucony Endorphin Speed 4, marking the brand's inaugural footwear collaboration with Black Girls RUN! (BGR!). The Endorphin Speed 4, in the BGR! vibrant colorway, reinforces Saucony's multi-year partnership with BGR! to support th ...

Core Viewpoint - Wolverine World Wide (WWW) shows potential for significant upside, with a mean price target of $17.33 indicating a 34.6% increase from the current price of $12.88 [1] Price Targets - The average price target consists of six estimates ranging from a low of $14 to a high of $20, with a standard deviation of $2.94, suggesting variability in analyst predictions [2] - The lowest estimate indicates an 8.7% increase, while the highest suggests a 55.3% upside [2] - A low standard deviation indicates a higher agreement among analysts regarding price movement [7] Analyst Sentiment - Analysts are optimistic about WWW's earnings prospects, as indicated by a positive trend in earnings estimate revisions [4][9] - The Zacks Consensus Estimate for the current year has increased by 5.9% over the past month, reflecting two upward revisions and one downward revision [10] - WWW holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - While price targets are often sought after, they can mislead investors, as empirical research shows they rarely indicate actual stock price movements [5][6] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6] - Investors should treat price targets with skepticism and not rely solely on them for investment decisions [8]

GAPS Wolverine World Wide, Inc. (NYSE:WWW) reported the company's Q2 results on the 7th of August in pre-market hours, beating Wall Street revenue and EPS estimates by a considerable margin. Yet, the stock fell by -7% to the results, seemingly as the brands' sales declines still don't have a near-term end in sight. In my previous article on the stock, "Wolverine World Wide: Sales Improvements Need To Start Showing Soon," I remained at a Hold rating for Wolverine as the turnaround potential was nearly fairly ...

Wolverine World Wide (WWW) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this footwear maker would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise. Over the last four quarters, the company ...