Wolverine World Wide Inc. (NYSE:WWW) was down 1.8% during mid-day trading on Friday . The stock traded as low as $22.09 and last traded at $22.43, with a volume of 660,319 shares. The stock had previously closed at $22.85.

Several equities research analysts have issued reports on WWW shares. Stifel Nicolaus restated a “buy” rating and set a $25.00 price objective on shares of Wolverine World Wide in a report on Tuesday, April 12th. TheStreet upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st. Zacks Investment Research downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, May 19th. Robert W. Baird reiterated a “hold” rating on shares of Wolverine World Wide in a report on Monday, May 16th. Finally, Sterne Agee CRT downgraded Wolverine World Wide from a “neutral” rating to an “underperform” rating and set a $15.00 price target for the company. in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.69.

The company has a market capitalization of $2.21 billion and a PE ratio of 22.48. The company has a 50-day moving average price of $20.69 and a 200 day moving average price of $18.46.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.07. During the same quarter last year, the company posted $0.37 EPS. The company had revenue of $577.60 million for the quarter, compared to the consensus estimate of $567.47 million. The business’s revenue was down 8.5% compared to the same quarter last year. Analysts anticipate that Wolverine World Wide Inc. will post $1.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.08%.

Several hedge funds recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new stake in Wolverine World Wide during the fourth quarter valued at about $1,091,000. Nationwide Fund Advisors increased its stake in shares of Wolverine World Wide by 2.1% in the fourth quarter. Nationwide Fund Advisors now owns 76,437 shares of the company’s stock valued at $1,277,000 after buying an additional 1,591 shares during the last quarter. Systematic Financial Management LP increased its stake in shares of Wolverine World Wide by 7.2% in the fourth quarter. Systematic Financial Management LP now owns 91,556 shares of the company’s stock valued at $1,529,000 after buying an additional 6,170 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Wolverine World Wide by 7.2% in the fourth quarter. Rhumbline Advisers now owns 140,040 shares of the company’s stock valued at $2,340,000 after buying an additional 9,450 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Wolverine World Wide by 0.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 182,038 shares of the company’s stock valued at $3,042,000 after buying an additional 1,100 shares during the last quarter.

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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