Which Outperforming Shoe Maker Looks Affordable Right Now

The Sperry’s parent company is up 35% year-to-date

Mar 18, 2021 at 12:56 PM
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Wolverine World Wide, Inc. (NYSE: WWW) is an American footwear manufacturer. The company produces branded casual, active lifestyle, work, outdoor sport, athletic, and children’s footwear and apparel. It is known for its brand, Wolverine Boots and Shoes, as well as other brands, such as Merrell, Sperry, Hush Puppies, Saucony, Keds, Stride Rite, Chaco, Bates and HYTEST. This afternoon, WWW is up 0.2%, at $41.33.

WWW just recently surpassed its previous highs to reach a fresh record of $41.80 this past Monday. Shares of Wolverine stock are already up 35% year-to-date and more than 200% year-over-year. Wolverine World Wide stock also offers a $0.40 forward dividend, which equates to a dividend yield of 1.01%. WWW has paid dividends since 1972, even maintaining its dividend throughout the duration of 2020.

From a quick check on earnings over the past 12 months, Wolverine World Wide has managed to outperform expectations on all four of its latest reports. For the first quarter of 2020, WWW beat analysts’ estimates by a margin of $0.11 and reported an earnings per share (EPS) of $0.28. For the second quarter of 2020, Wolverine stock decreased its EPS to $0.08 but beat expectations by a margin of $0.21. The following quarter WWW had an increase in earnings, rising to $0.35 per share and beating estimates by a margin of $0.08. In the company's most recent quarterly report, Wolverine World Wide reported an EPS of $0.21, beating expectations by $0.04. Analysts project that the company will be reporting an EPS of $0.39 in its next earnings announcement.

Premiums on the equity are attractively priced at the moment, too. The stock's Schaeffer's Volatility Index (SVI) of 40% stands higher than just 3% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations.

 
 

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