Wolverine World Wide, Inc. - Value Alert
Texas (June 24, 2013) Wax Ink has issued a Loss of Investment Interest rating for Wolverine World Wide, Inc. (NYSE: WWW) based on a recent baseline equity review which placed fair value between $22-$29.
The recent close of $50.54 is approximately 283% above the fair value buy target for the stock and approximately 86% above the fair value close target for the stock. The recent close is also 3% below analysts’ twelve-month $52.00 median price target for the stock.
The recent close represents a 19% increase in price since the last baseline equity review was conducted in July of 2011.
The stock currently has a trailing twelve-month PE Ratio of 22, and a PEG Ratio of 1.5 basis estimated forward earnings growth of 15%.
In the past 52 weeks, share prices have moved between a high of $54.25 and a low of $37.06, placing equilibrium at $47.55.
Basis the recent close, the stock is trading 7% below the 52 week high, 27% above the 52 week low, 6% above equilibrium, and has an average daily trading volume of approximately 410 thousand shares.
Wolverine World Wide, Inc. designs, manufactures, sources, and markets branded footwear, apparel, and accessories, offering its products under various trademarks, including Hush Puppies, Wolverine, HyTest, Sperry Top-Sider, Stride Rite, and Keds
The company's competitors include R. Griggs Group Limited, Red Wing Shoe Company, Inc., and The Timberland Company.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 29, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
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