Wolverine World Wide Inc. (WWW) Shares Down 1.4%
Shares of Wolverine World Wide Inc. (NYSE:WWW) were down 1.4% on Thursday . The company traded as low as $24.77 and last traded at $24.79, with a volume of 170,815 shares. The stock had previously closed at $25.14.
A number of analysts have recently weighed in on WWW shares. TheStreet upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Susquehanna began coverage on shares of Wolverine World Wide in a research note on Friday, August 12th. They issued a “negative” rating and a $20.00 price objective for the company. Zacks Investment Research lowered 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, Argus reaffirmed a “buy” rating on shares of Wolverine World Wide in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.31.
The stock has a market cap of $2.45 billion and a price-to-earnings ratio of 24.98. The firm has a 50 day moving average of $23.74 and a 200-day moving average of $19.91.
Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company earned $583.70 million during the quarter, compared to analyst estimates of $578.99 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts expect that Wolverine World Wide Inc. will post $1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 3rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, September 29th.
A hedge fund recently bought a new stake in Wolverine World Wide stock. Trexquant Investment LP acquired a new stake in shares of Wolverine World Wide Inc. (NYSE:WWW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 65,287 shares of the company’s stock, valued at approximately $1,091,000. Trexquant Investment LP owned about 0.06% of Wolverine World Wide at the end of the most recent reporting period.
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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