Wolverine World Wide Reaches New 52-Week High (WWW)

NEW YORK ( TheStreet) -- Wolverine World Wide (NYSE: WWW) hit a new 52-week high Wednesday as it is currently trading at $43.81, above its previous 52-week high of $43.36 with 2.6 million shares traded as of 12:15 p.m. ET. Average volume has been 595,000 shares over the past 30 days.

Wolverine World Wide has a market cap of $2.04 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 12.5% year to date as of the close of trading on Tuesday.

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes branded footwear, apparel, and accessories. It offers industrial work shoes, boots, uniform shoes, outdoor sports footwear, rugged casual footwear, lifestyle footwear, sandals, and closed-toe products. The company has a P/E ratio of 17.5, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wolverine World Wide as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Wolverine World Wide Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

How Aging Millennials Could Put Sears Out of Business, but Also Cause Many Others to Prosper

15 Big Losers From When Sears Eventually Dies

Analysts' Actions -- Danaher, Goldman Sachs, Goodyear, Wendy's and More

The Biggest Winners and Losers if Sears Goes Out of Business

Winners and Losers if Sears Goes out of Business