Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $25.65.

Several research analysts have recently weighed in on the stock. Pivotal Research assumed coverage on shares of Wolverine World Wide in a report on Thursday, October 5th. They set a “hold” rating and a $32.00 price objective on the stock. ValuEngine lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Telsey Advisory Group increased their price objective on shares of Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and set a $32.00 price objective on shares of Wolverine World Wide in a report on Sunday, September 17th. Finally, Buckingham Research increased their price objective on shares of Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th.

Wolverine World Wide (NYSE:WWW) traded up $0.34 during trading on Thursday, hitting $29.56. 560,400 shares of the company’s stock traded hands, compared to its average volume of 778,293. Wolverine World Wide has a one year low of $20.94 and a one year high of $29.99. The firm has a market cap of $2,795.79, a PE ratio of 18.73, a P/E/G ratio of 1.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 2.06.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business had revenue of $581.30 million for the quarter, compared to analyst estimates of $552.36 million. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The company’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. equities research analysts predict that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be issued a $0.06 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.24 annualized dividend and a yield of 0.81%. Wolverine World Wide’s payout ratio is 40.00%.

In related news, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total value of $551,561.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Jeppesen sold 11,807 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total transaction of $330,241.79. The disclosure for this sale can be found here. Company insiders own 5.65% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WWW. Systematic Financial Management LP purchased a new position in Wolverine World Wide in the second quarter valued at approximately $27,385,000. Prudential Financial Inc. raised its stake in shares of Wolverine World Wide by 129.1% during the second quarter. Prudential Financial Inc. now owns 1,154,622 shares of the textile maker’s stock valued at $32,341,000 after purchasing an additional 650,710 shares during the period. Citadel Advisors LLC raised its stake in shares of Wolverine World Wide by 568.4% during the third quarter. Citadel Advisors LLC now owns 639,185 shares of the textile maker’s stock valued at $18,440,000 after purchasing an additional 543,559 shares during the period. Victory Capital Management Inc. raised its stake in shares of Wolverine World Wide by 22.1% during the third quarter. Victory Capital Management Inc. now owns 2,903,558 shares of the textile maker’s stock valued at $83,768,000 after purchasing an additional 525,150 shares during the period. Finally, Marshall Wace North America L.P. raised its stake in shares of Wolverine World Wide by 180.8% during the second quarter. Marshall Wace North America L.P. now owns 808,859 shares of the textile maker’s stock valued at $22,648,000 after purchasing an additional 520,754 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

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