Wolverine World Wide, Inc. Forecasted to Post FY2017 Earnings of $1.64 Per Share (WWW)

Wolverine World Wide, Inc. (NYSE:WWW) – Analysts at KeyCorp boosted their FY2017 earnings per share (EPS) estimates for shares of Wolverine World Wide in a research report issued to clients and investors on Thursday. KeyCorp analyst E. Yruma now anticipates that the textile maker will earn $1.64 per share for the year, up from their prior forecast of $1.63. KeyCorp also issued estimates for Wolverine World Wide’s Q4 2017 earnings at $0.41 EPS, Q2 2018 earnings at $0.50 EPS and Q3 2018 earnings at $0.56 EPS.

Other research analysts have also recently issued research reports about the company. Buckingham Research lifted their target price on Wolverine World Wide from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. Stifel Nicolaus set a $34.00 target price on Wolverine World Wide and gave the company a “buy” rating in a research report on Saturday, December 16th. Pivotal Research cut Wolverine World Wide from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Friday. Telsey Advisory Group lifted their target price on Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 target price on shares of Wolverine World Wide in a research report on Wednesday, November 8th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Wolverine World Wide currently has a consensus rating of “Hold” and a consensus target price of $27.25.

Wolverine World Wide (WWW) opened at $29.82 on Monday. The stock has a market capitalization of $2,853.21, a P/E ratio of 49.70, a P/E/G ratio of 1.24 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. Wolverine World Wide has a 1 year low of $23.34 and a 1 year high of $33.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, April 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.32 annualized dividend and a yield of 1.07%. This is a boost from Wolverine World Wide’s previous quarterly dividend of $0.06. Wolverine World Wide’s payout ratio is currently 40.00%.

In other Wolverine World Wide news, Director Joseph R. Gromek sold 18,928 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $29.14, for a total value of $551,561.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Jeppesen sold 11,807 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were 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 currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. FDx Advisors Inc. raised its stake in shares of Wolverine World Wide by 9.5% in the fourth quarter. FDx Advisors Inc. now owns 20,054 shares of the textile maker’s stock valued at $639,000 after buying an additional 1,739 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Wolverine World Wide by 2.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,809 shares of the textile maker’s stock valued at $2,130,000 after buying an additional 1,747 shares during the period. BlackRock Inc. raised its stake in shares of Wolverine World Wide by 1.1% in the fourth quarter. BlackRock Inc. now owns 12,032,149 shares of the textile maker’s stock valued at $383,584,000 after buying an additional 128,266 shares during the period. Rhumbline Advisers raised its stake in shares of Wolverine World Wide by 14.9% in the fourth quarter. Rhumbline Advisers now owns 234,773 shares of the textile maker’s stock valued at $7,485,000 after buying an additional 30,498 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Wolverine World Wide by 220.9% in the fourth quarter. Arizona State Retirement System now owns 160,809 shares of the textile maker’s stock valued at $5,127,000 after buying an additional 110,703 shares during the period. Hedge funds and other institutional investors own 92.26% 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.

Earnings History and Estimates for Wolverine World Wide (NYSE:WWW)

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