Wolverine World Wide, Inc. (NYSE:WWW) Receives $20.38 Average Target Price from Brokerages

Wolverine World Wide, Inc. (NYSE:WWW) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.50.

WWW has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group decreased their price objective on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Wolverine World Wide in a research report on Wednesday. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. Finally, StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Wolverine World Wide Price Performance

Shares of WWW opened at $15.16 on Thursday. Wolverine World Wide has a 12 month low of $9.06 and a 12 month high of $24.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.29 and a quick ratio of 0.77. The stock has a fifty day moving average price of $21.71 and a 200 day moving average price of $18.79. The company has a market cap of $1.21 billion, a P/E ratio of 27.55 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company had revenue of $494.70 million during the quarter, compared to the consensus estimate of $485.74 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, research analysts forecast that Wolverine World Wide will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.64%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the sale, the insider now directly owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. This represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.28% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Wolverine World Wide during the 4th quarter valued at $25,000. Signaturefd LLC lifted its stake in Wolverine World Wide by 88.8% in the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock worth $32,000 after acquiring an additional 682 shares in the last quarter. Natixis purchased a new position in Wolverine World Wide during the 4th quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at about $64,000. Finally, KBC Group NV lifted its position in shares of Wolverine World Wide by 43.8% in the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,311 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.