Wolverine World Wide Inc. (NYSE:WWW) announced a quarterly dividend on Thursday, July 14th. Investors of record on Monday, October 3rd will be paid a dividend of 0.06 per share on Tuesday, November 1st. This represents a $0.24 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 29th.
Shares of Wolverine World Wide (NYSE:WWW) opened at 23.17 on Wednesday. Wolverine World Wide has a 52 week low of $14.74 and a 52 week high of $25.54. The stock has a market capitalization of $2.30 billion, a PE ratio of 23.48 and a beta of 0.79. The company has a 50-day moving average price of $23.56 and a 200 day moving average price of $20.67.
Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The business earned $583.70 million during the quarter, compared to analysts’ expectations of $578.99 million. Wolverine World Wide had a return on equity of 13.60% and a net margin of 3.81%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. Equities analysts forecast that Wolverine World Wide will post $1.37 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. B. Riley restated a “neutral” rating and set a $22.00 price target on shares of Wolverine World Wide in a report on Monday, July 25th. Susquehanna upgraded Wolverine World Wide from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $18.00 to $25.00 in a report on Thursday, July 7th. Zacks Investment Research upgraded Wolverine World Wide from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a report on Thursday, July 28th. Argus reiterated a “buy” rating on shares of Wolverine World Wide in a report on Wednesday, August 3rd. Finally, Telsey Advisory Group lifted their target price on Wolverine World Wide from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Wolverine World Wide currently has an average rating of “Hold” and a consensus target price of $21.64.
A number of large investors have recently modified their holdings of WWW. BlackRock Inc. raised its stake in shares of Wolverine World Wide by 211.0% in the second quarter. BlackRock Inc. now owns 21,664 shares of the company’s stock worth $440,000 after buying an additional 14,697 shares during the period. Barclays PLC raised its stake in shares of Wolverine World Wide by 363.3% in the second quarter. Barclays PLC now owns 30,612 shares of the company’s stock worth $622,000 after buying an additional 24,005 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Wolverine World Wide during the second quarter worth $684,000. Profund Advisors LLC raised its stake in shares of 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 period. Finally, Raymond James & Associates raised its stake in shares of Wolverine World Wide by 16.0% in the second quarter. Raymond James & Associates now owns 51,684 shares of the company’s stock worth $1,050,000 after buying an additional 7,134 shares during the period. 89.69% of the stock is owned by institutional investors and hedge funds.
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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