Wolverine World Wide Inc. (NYSE:WWW) has been given a consensus rating of “Hold” by the fifteen brokerages that are covering the firm. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.64.
Several brokerages have commented on WWW. B. Riley reiterated a “neutral” rating and issued a $22.00 target price on shares of Wolverine World Wide in a report on Monday, July 25th. Susquehanna upgraded shares of Wolverine World Wide from a “neutral” rating to a “positive” rating and raised their price target for the stock from $18.00 to $25.00 in a report on Thursday, July 7th. Zacks Investment Research upgraded shares of Wolverine World Wide from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a report on Thursday, July 28th. Argus restated a “buy” rating on shares of Wolverine World Wide in a report on Wednesday, August 3rd. Finally, Telsey Advisory Group raised their price target on shares of Wolverine World Wide from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th.
Several institutional investors have recently added to or reduced their stakes in WWW. Tower Research Capital LLC TRC raised its position in Wolverine World Wide by 449.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,373 shares of the company’s stock worth $109,000 after buying an additional 4,395 shares in the last quarter. BlackRock Inc. raised its position in Wolverine World Wide by 126.1% in the first quarter. BlackRock Inc. now owns 6,967 shares of the company’s stock worth $128,000 after buying an additional 3,885 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Wolverine World Wide during the second quarter worth approximately $209,000. Denver Investment Advisors LLC purchased a new position in Wolverine World Wide during the second quarter worth approximately $217,000. Finally, First Republic Investment Management Inc. raised its position in Wolverine World Wide by 3.7% in the first quarter. First Republic Investment Management Inc. now owns 13,554 shares of the company’s stock worth $249,000 after buying an additional 484 shares in the last quarter. 89.69% of the stock is currently owned by institutional investors.
Wolverine World Wide (NYSE:WWW) opened at 23.39 on Wednesday. The stock has a 50 day moving average of $23.60 and a 200 day moving average of $20.59. The stock has a market capitalization of $2.33 billion, a P/E ratio of 23.70 and a beta of 0.79. Wolverine World Wide has a 52 week low of $14.74 and a 52 week high of $25.54.
Wolverine World Wide (NYSE:WWW) last announced its earnings results on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Wolverine World Wide had a net margin of 3.81% and a return on equity of 13.60%. The company earned $583.70 million during the quarter, compared to analysts’ expectations of $578.99 million. During the same period last year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts predict that Wolverine World Wide will post $1.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 3rd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 29th. Wolverine World Wide’s dividend payout ratio is 24.49%.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors.
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