Wolverine World Wide, Inc. (WWW) Receives $39.64 Consensus PT from Analysts

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have earned a consensus recommendation of “Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.64.

WWW has been the topic of several recent research reports. DA Davidson set a $44.00 price target on shares of Wolverine World Wide and gave the company a “buy” rating in a research note on Thursday, August 9th. Piper Jaffray Companies reiterated a “hold” rating and issued a $35.00 price target on shares of Wolverine World Wide in a research note on Thursday, August 9th. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. ValuEngine upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, Susquehanna Bancshares upgraded shares of Wolverine World Wide from a “neutral” rating to a “positive” rating and lifted their price target for the company from $29.00 to $41.00 in a research note on Wednesday, August 1st.

Shares of NYSE:WWW opened at $36.18 on Friday. Wolverine World Wide has a 12 month low of $25.25 and a 12 month high of $39.77. The company has a current ratio of 2.65, a quick ratio of 1.86 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.47 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.71 and a beta of 1.11.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, August 8th. The textile maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. Wolverine World Wide had a net margin of 2.83% and a return on equity of 18.58%. The business had revenue of $566.90 million for the quarter, compared to analyst estimates of $569.24 million. During the same period last year, the business posted $0.43 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Research analysts predict that Wolverine World Wide will post 2.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Wednesday, January 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Monday, December 31st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 19.51%.

In other news, Director William K. Gerber sold 1,000 shares of Wolverine World Wide stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $37.17, for a total value of $37,170.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Woodworth sold 19,376 shares of Wolverine World Wide stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $38.73, for a total transaction of $750,432.48. Following the completion of the transaction, the insider now directly owns 123,040 shares of the company’s stock, valued at approximately $4,765,339.20. The disclosure for this sale can be found here. In the last three months, insiders sold 69,527 shares of company stock valued at $2,644,036. Insiders own 5.81% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Wolverine World Wide in the 3rd quarter valued at about $110,000. Raymond James & Associates bought a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $205,000. Cape Cod Five Cents Savings Bank bought a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $220,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $224,000. Finally, Papp L Roy & Associates bought a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $226,000. 92.94% of the stock is owned by institutional investors.

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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Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

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