World Wrestling Entertainment (NYSE:WWE) had its price target increased by analysts at Wolfe Research from $105.00 to $157.00 in a research note issued to investors on Friday, The Fly reports. Wolfe Research’s price objective indicates a potential upside of 69.97% from the stock’s current price.

WWE has been the topic of several other reports. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $86.00 target price on the stock in a report on Sunday, January 6th. KeyCorp set a $104.00 target price on shares of World Wrestling Entertainment and gave the company a “buy” rating in a report on Wednesday, January 23rd. Loop Capital started coverage on shares of World Wrestling Entertainment in a report on Friday, December 21st. They issued a “hold” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of World Wrestling Entertainment from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Sunday, December 9th. Finally, Guggenheim boosted their target price on shares of World Wrestling Entertainment from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 28th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.31.

Shares of NYSE WWE opened at $92.37 on Friday. World Wrestling Entertainment has a 12-month low of $34.69 and a 12-month high of $97.69. The stock has a market cap of $6.83 billion, a P/E ratio of 82.47 and a beta of 1.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 1.30.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.14. World Wrestling Entertainment had a net margin of 10.71% and a return on equity of 34.02%. The company had revenue of $272.50 million during the quarter, compared to analysts’ expectations of $255.01 million. During the same quarter in the prior year, the company earned $0.20 EPS. World Wrestling Entertainment’s revenue was up 28.8% compared to the same quarter last year. As a group, equities analysts forecast that World Wrestling Entertainment will post 1.24 earnings per share for the current year.

In other news, insider George A. Barrios sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $81.52, for a total value of $4,891,200.00. Following the transaction, the insider now directly owns 287,103 shares in the company, valued at approximately $23,404,636.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider George A. Barrios sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $70.61, for a total transaction of $2,647,875.00. Following the completion of the transaction, the insider now owns 356,946 shares in the company, valued at $25,203,957.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,500 shares of company stock worth $10,891,075. Company insiders own 43.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Pearl River Capital LLC acquired a new stake in World Wrestling Entertainment during the 4th quarter worth approximately $36,000. Cerebellum GP LLC acquired a new stake in World Wrestling Entertainment during the 4th quarter worth approximately $71,000. Amundi Pioneer Asset Management Inc. acquired a new stake in World Wrestling Entertainment during the 4th quarter worth approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in World Wrestling Entertainment by 11.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,505 shares of the company’s stock worth $187,000 after buying an additional 259 shares in the last quarter. Finally, Hartford Investment Management Co. acquired a new stake in World Wrestling Entertainment during the 3rd quarter worth approximately $214,000. Hedge funds and other institutional investors own 63.21% of the company’s stock.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.

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Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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