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.
) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 1.7%. By the end of trading, Wolverine World Wide fell $0.30 (-1.1%) to $26.89 on light volume. Throughout the day, 525,290 shares of Wolverine World Wide exchanged hands as compared to its average daily volume of 1,075,300 shares. The stock ranged in price between $26.80-$27.30 after having opened the day at $27.30 as compared to the previous trading day's close of $27.19. Other companies within the Consumer Non-Durables industry that declined today were:
), down 13.2%,
), down 8.5%,
), down 7.4% and
), down 3.5%.
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Wolverine World Wide, Inc. designs, manufactures, sources, and markets footwear, apparel, and accessories. The company operates through Lifestyle Group, Performance Group, and Heritage Group segments. Wolverine World Wide has a market cap of $2.8 billion and is part of the consumer goods sector. Shares are down 19.9% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Wolverine World Wide a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Wolverine World Wide
. 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 and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk.
- You can view the full Wolverine World Wide Ratings Report.
On the positive front,
), up 210.8%,
), up 13.1%,
), up 11.0% and
), up 4.7% , were all gainers within the consumer non-durables industry with
) being today's featured consumer non-durables industry leader.
- Use our consumer non-durables section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider
) while those bearish on the consumer non-durables industry could consider
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