Wolverine World Wide, Inc. (NYSE:WWW) Receives $11.67 Average Price Target from Analysts

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $11.67.

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of Wolverine World Wide from a “neutral” rating to a “buy” rating in a research report on Monday, May 6th. Williams Trading raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $16.00 in a research report on Thursday, May 9th. Robert W. Baird boosted their price objective on shares of Wolverine World Wide from $9.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. UBS Group boosted their price objective on shares of Wolverine World Wide from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, May 8th.

Insider Buying and Selling at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 3,201 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $13.89, for a total value of $44,461.89. Following the completion of the transaction, the insider now owns 26,519 shares of the company’s stock, valued at $368,348.91. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Wolverine World Wide in the second quarter valued at $548,000. Manning & Napier Advisors LLC purchased a new position in Wolverine World Wide in the second quarter valued at $7,098,000. Lumbard & Kellner LLC acquired a new stake in shares of Wolverine World Wide in the first quarter valued at about $3,211,000. Price T Rowe Associates Inc. MD grew its position in shares of Wolverine World Wide by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,307 shares of the textile maker’s stock valued at $632,000 after purchasing an additional 2,907 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Wolverine World Wide in the first quarter valued at about $141,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $12.71 on Wednesday. Wolverine World Wide has a twelve month low of $7.21 and a twelve month high of $14.45. The firm has a market cap of $1.02 billion, a P/E ratio of -13.67 and a beta of 1.76. The company has a 50 day moving average of $13.17 and a 200 day moving average of $10.76. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.24.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, May 8th. The textile maker reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $394.90 million during the quarter, compared to analyst estimates of $360.31 million. Wolverine World Wide had a negative net margin of 3.59% and a positive return on equity of 0.53%. As a group, research analysts expect that Wolverine World Wide will post 0.8 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 1st will be paid a $0.10 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.40 annualized dividend and a yield of 3.15%. Wolverine World Wide’s dividend payout ratio (DPR) is -43.01%.

About Wolverine World Wide

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.