Share on StockTwits

World Wrestling Entertainment (NYSE:WWE) Insider Michael J. Luisi sold 5,000 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $14.50, for a total transaction of $72,500.00. Following the completion of the transaction, the insider now directly owns 85,928 shares of the company’s stock, valued at approximately $1,245,956. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

World Wrestling Entertainment (NYSE:WWE) traded up 0.48% on Tuesday, hitting $14.61. The stock had a trading volume of 575,312 shares. World Wrestling Entertainment has a 52-week low of $9.62 and a 52-week high of $31.98. The stock has a 50-day moving average of $13.37 and a 200-day moving average of $17.96. The company’s market cap is $1.103 billion.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.02. The company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $157.90 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that World Wrestling Entertainment will post $-0.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Monday, September 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, September 11th.

A number of analysts have recently weighed in on WWE shares. Analysts at National Alliance Securities raised their price target on shares of World Wrestling Entertainment from $14.17 to $17.63 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Analysts at Benchmark Co. reiterated a “” rating on shares of World Wrestling Entertainment in a research note on Thursday, July 31st. They now have a $15.25 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $18.97.

World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.