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

NEW YORK ( TheStreet) -- Wolverine World Wide (NYSE: WWW) hit a new 52-week high Thursday as it is currently trading at $44.20, above its previous 52-week high of $44.13 with 181,553 shares traded as of 12:35 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Wolverine World Wide has a market cap of $2.08 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 21.3% year to date as of the close of trading on Wednesday.

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 18.3, above the average consumer non-durables industry P/E ratio of 18.2 and above 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. 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.

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