Wolverine World Wide Stock Hits New 52-Week High (WWW)

NEW YORK ( TheStreet) -- Wolverine World Wide (NYSE: WWW) hit a new 52-week high Wednesday as it traded at $36.46 compared with its previous 52-Week high of $36.34. Wolverine World Wide is changing hands at $36.43 with 3,457 shares traded as of 9:36 a.m. ET. Average volume has been 306,200 shares over the past 30 days. Wolverine World Wide has a market cap of $1.8 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 14% year to date as of the close of trading on Tuesday.

Wolverine World Wide, Inc. engages in manufacturing, sourcing, marketing, licensing, and distributing footwear, apparel, and accessories to the retail sector primarily in the United States, Europe, and Canada. The company has a P/E ratio of 16.7, below the average consumer non-durables industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Wolverine World Wide as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Wolverine World Wide Ratings Report.

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