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

WWW has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 target price on shares of Wolverine World Wide in a research report on Tuesday, April 12th. TheStreet raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Tuesday, June 21st. Zacks Investment Research downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, May 19th. Robert W. Baird reaffirmed a “hold” rating on shares of Wolverine World Wide in a research report on Monday, May 16th. Finally, Sterne Agee CRT downgraded shares of Wolverine World Wide from a “neutral” rating to an “underperform” rating and set a $15.00 target price for the company. in a research report on Wednesday, April 27th. Two research 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 company has a consensus rating of “Hold” and a consensus target price of $21.69.

The stock has a market cap of $2.21 billion and a P/E ratio of 22.48. The firm’s 50-day moving average price is $20.78 and its 200-day moving average price is $18.50.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Tuesday, May 3rd. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. The firm had revenue of $577.60 million for the quarter, compared to analysts’ expectations of $567.47 million. The company’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. On average, equities analysts expect that Wolverine World Wide Inc. will post $1.36 earnings per share for the current year.

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

A number of hedge funds and institutional investors recently modified their holdings of WWW. Trexquant Investment LP bought a new position in shares of Wolverine World Wide during the fourth quarter worth about $1,091,000. Nationwide Fund Advisors raised its position 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 worth $1,277,000 after buying an additional 1,591 shares during the last quarter. Systematic Financial Management LP raised its position 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 worth $1,529,000 after buying an additional 6,170 shares during the last quarter. Rhumbline Advisers raised its position 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 worth $2,340,000 after buying an additional 9,450 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position 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 worth $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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