Wolverine World Wide Lifted to “Buy” at KeyCorp (WWW)
Wolverine World Wide (NYSE:WWW) was upgraded by analysts at KeyCorp from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Argus downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Wolverine World Wide in a research note on Wednesday, July 16th. They now have a $24.00 price target on the stock, down previously from $26.00. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Wolverine World Wide currently has a consensus rating of “Hold” and a consensus target price of $29.63.
Wolverine World Wide (NYSE:WWW) opened at 24.70 on Tuesday. Wolverine World Wide has a 52-week low of $24.00 and a 52-week high of $34.10. The stock has a 50-day moving average of $25.24 and a 200-day moving average of $26.41. The company has a market cap of $2.506 billion and a P/E ratio of 21.37.
Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04. The company had revenue of $613.50 million for the quarter, compared to the consensus estimate of $608.50 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Wolverine World Wide will post $1.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 3rd. Investors of record on Wednesday, October 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, September 29th.
Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, performance outdoor footwear and apparel, industrial work shoes, boots and apparel, and uniform shoes and boots.
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