Wolverine World Wide, Inc. (NYSE:WWW) – Stock analysts at KeyCorp decreased their FY2018 EPS estimates for Wolverine World Wide in a report released on Tuesday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings per share of $1.82 for the year, down from their previous forecast of $1.87. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Wolverine World Wide’s Q4 2018 earnings at $0.46 EPS.
Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $581.30 million during the quarter, compared to the consensus estimate of $552.36 million. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS.
Wolverine World Wide (WWW) traded down $0.22 during midday trading on Friday, hitting $31.40. The stock had a trading volume of 1,018,200 shares, compared to its average volume of 1,071,133. The company has a quick ratio of 2.06, a current ratio of 3.09 and a debt-to-equity ratio of 0.74. The company has a market cap of $3,025.42, a P/E ratio of 52.33, a P/E/G ratio of 1.34 and a beta of 0.95. Wolverine World Wide has a 52-week low of $20.94 and a 52-week high of $32.51.
Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of Wolverine World Wide by 1.3% during the second quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock valued at $138,000 after buying an additional 64 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Wolverine World Wide by 62.2% during the second quarter. Riverhead Capital Management LLC now owns 7,625 shares of the textile maker’s stock valued at $214,000 after buying an additional 2,925 shares during the period. Miles Capital Inc. purchased a new position in shares of Wolverine World Wide during the second quarter valued at $222,000. Advisory Services Network LLC increased its stake in shares of Wolverine World Wide by 5.3% during the second quarter. Advisory Services Network LLC now owns 8,336 shares of the textile maker’s stock valued at $234,000 after buying an additional 421 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in shares of Wolverine World Wide during the second quarter valued at $246,000. Institutional investors and hedge funds own 92.48% of the company’s stock.
In other news, Director Joseph R. Gromek sold 18,928 shares of Wolverine World Wide stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $29.14, for a total transaction of $551,561.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Jeppesen sold 11,807 shares of Wolverine World Wide stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total value of $330,241.79. The disclosure for this sale can be found here. 5.65% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be given a $0.06 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. Wolverine World Wide’s dividend payout ratio is presently 40.00%.
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About Wolverine World Wide
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.
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