Wolverine World Wide Inc. (NYSE:WWW) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.30-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.36. The company issued revenue guidance of $2.475-2.575 billion, compared to the consensus revenue estimate of $2.54 billion.
Wolverine World Wide Inc. (NYSE:WWW) opened at 21.26 on Wednesday. The company has a 50 day moving average price of $22.81 and a 200-day moving average price of $21.12. The company has a market capitalization of $2.11 billion, a PE ratio of 21.54 and a beta of 0.76. Wolverine World Wide Inc. has a one year low of $14.74 and a one year high of $25.54.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $603.70 million for the quarter, compared to analysts’ expectations of $631.09 million. Wolverine World Wide had a return on equity of 13.60% and a net margin of 3.81%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. Analysts expect that Wolverine World Wide Inc. will post $1.37 EPS for the current fiscal year.
A number of brokerages have commented on WWW. B. Riley reaffirmed a neutral rating and issued a $26.00 price target on shares of Wolverine World Wide in a research note on Wednesday. Zacks Investment Research cut Wolverine World Wide from a buy rating to a hold rating in a research note on Saturday. Susquehanna began coverage on Wolverine World Wide in a research note on Friday, August 12th. They issued a negative rating and a $20.00 price target on the stock. Finally, Argus reaffirmed a buy rating on shares of Wolverine World Wide in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $21.30.
Several hedge funds have recently bought and sold shares of WWW. Arizona State Retirement System boosted its stake in Wolverine World Wide by 1.2% in the second quarter. Arizona State Retirement System now owns 51,706 shares of the company’s stock worth $1,051,000 after buying an additional 600 shares during the last quarter. Profund Advisors LLC boosted its stake in Wolverine World Wide by 3.2% in the second quarter. Profund Advisors LLC now owns 33,705 shares of the company’s stock worth $685,000 after buying an additional 1,042 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Wolverine World Wide by 2.3% in the second quarter. Thrivent Financial for Lutherans now owns 69,690 shares of the company’s stock worth $1,416,000 after buying an additional 1,580 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Wolverine World Wide by 3.3% in the second quarter. Guggenheim Capital LLC now owns 52,989 shares of the company’s stock worth $1,077,000 after buying an additional 1,691 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Wolverine World Wide by 1.8% in the second quarter. Teachers Advisors Inc. now owns 155,065 shares of the company’s stock worth $3,151,000 after buying an additional 2,700 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Wolverine World Wide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.