Equities analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to post earnings per share of $0.41 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Wolverine World Wide’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.40. Wolverine World Wide reported earnings per share of $0.33 in the same quarter last year, which would suggest a positive year-over-year growth rate of 24.2%. The company is expected to announce its next earnings results on Wednesday, February 28th.
On average, analysts expect that Wolverine World Wide will report full-year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.63 to $1.66. For the next year, analysts forecast that the company will report earnings of $2.00 per share, with EPS estimates ranging from $1.82 to $2.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Wolverine World Wide.
A number of research firms have weighed in on WWW. Pivotal Research lowered Wolverine World Wide from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Friday. Zacks Investment Research lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Stifel Nicolaus set a $34.00 price objective on Wolverine World Wide and gave the stock a “buy” rating in a research note on Saturday, December 16th. TheStreet lowered Wolverine World Wide from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Buckingham Research boosted their price objective on Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.25.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, March 29th. This is a positive change from Wolverine World Wide’s previous quarterly dividend of $0.06. Wolverine World Wide’s dividend payout ratio is 40.00%.
In other news, Director Joseph R. Gromek sold 18,928 shares of the company’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 is available at the SEC website. Also, insider Michael Jeppesen sold 11,807 shares of the company’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. Corporate insiders own 5.65% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Wolverine World Wide by 50.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,883 shares of the textile maker’s stock valued at $156,000 after buying an additional 1,646 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in shares of Wolverine World Wide in the 4th quarter valued at $171,000. Community Financial Services Group LLC purchased a new stake in shares of Wolverine World Wide in the 4th quarter valued at $212,000. Advisory Services Network LLC raised its holdings in shares of Wolverine World Wide by 5.3% in the 2nd 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, Shelton Capital Management purchased a new stake in shares of Wolverine World Wide in the 2nd quarter valued at $265,000. 92.26% of the stock is currently owned by institutional investors and hedge funds.
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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.
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