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TheStreet Open House

Will This Analyst Upgrade Help Wolverine World Wide (WWW) Stock Today?

NEW YORK (TheStreet) -- Keybanc upgraded Wolverine World Wide  (WWW) to "buy" and set a $30 price target. The firm said the can improve margins and generate solid free cash flow.

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Separately, TheStreet Ratings team rates WOLVERINE WORLD WIDE as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate WOLVERINE WORLD WIDE (WWW) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • WOLVERINE WORLD WIDE reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, WOLVERINE WORLD WIDE increased its bottom line by earning $1.00 versus $0.82 in the prior year. This year, the market expects an improvement in earnings ($1.59 versus $1.00).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Textiles, Apparel & Luxury Goods industry. The net income increased by 53.6% when compared to the same quarter one year prior, rising from $17.90 million to $27.50 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 10.3%. Since the same quarter one year prior, revenues slightly increased by 4.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • 42.09% is the gross profit margin for WOLVERINE WORLD WIDE which we consider to be strong. Regardless of WWW's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 4.48% trails the industry average.
  • You can view the full analysis from the report here: WWW Ratings Report

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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