Media stories about Wolverine World Wide (NYSE:WWW) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wolverine World Wide earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 46.9879131094085 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Wolverine vs. Sabertooth vs. Dracula: John Langan’s “Wide Carnivorous Sky” (tor.com)
- UPDATE: Argus Upgrades Wolverine World Wide (WWW) to Buy (streetinsider.com)
- Wolverine: The Long Night opens up the possibilities for a Marvel Podcast Universe (theverge.com)
- How Sperry Plans to Make Preppy Fashion Cool Again (footwearnews.com)
- Argus Likes Wolverine World Wide After ‘Solid’ Q1 Report (finance.yahoo.com)
A number of research analysts have weighed in on the company. Citigroup raised their price target on Wolverine World Wide from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Zacks Investment Research downgraded Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. Telsey Advisory Group raised their price target on Wolverine World Wide from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, May 10th. Susquehanna Bancshares upgraded Wolverine World Wide from a “negative” rating to a “neutral” rating in a research note on Thursday, May 10th. Finally, Argus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.77.
Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, May 9th. The textile maker reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.13. Wolverine World Wide had a return on equity of 17.54% and a net margin of 1.28%. The company had revenue of $534.10 million during the quarter, compared to analysts’ expectations of $531.10 million. During the same period last year, the firm posted $0.37 earnings per share. The business’s revenue was down 9.7% on a year-over-year basis. equities research analysts anticipate that Wolverine World Wide will post 2.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Stockholders of record on Monday, July 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.95%. Wolverine World Wide’s payout ratio is 19.51%.
In other news, CFO Michael D. Stornant sold 38,010 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $32.38, for a total value of $1,230,763.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Jeppesen sold 47,640 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $31.50, for a total value of $1,500,660.00. The disclosure for this sale can be found here. Company insiders own 5.81% of the company’s stock.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.
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