Press coverage about Wolverine World Wide (NYSE:WWW) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wolverine World Wide earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 45.7493656758232 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Wolverine World Wide (NYSE:WWW) traded up $0.35 during mid-day trading on Monday, hitting $29.21. 732,708 shares of the stock traded hands, compared to its average volume of 780,476. The company has a market capitalization of $2,760.00, a P/E ratio of 18.50, a P/E/G ratio of 1.41 and a beta of 0.96. Wolverine World Wide has a 12-month low of $20.94 and a 12-month high of $29.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 2.06.
Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 2.35% and a return on equity of 15.25%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. sell-side analysts expect that Wolverine World Wide will post 1.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, December 29th. Wolverine World Wide’s payout ratio is currently 40.00%.
WWW has been the subject of several research reports. Piper Jaffray Companies reissued a “hold” rating and issued a $25.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, November 1st. TheStreet downgraded shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Wolverine World Wide in a research note on Wednesday, October 11th. Pivotal Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price objective for the company from $32.00 to $33.00 in a research note on Wednesday, November 8th. Finally, Morgan Stanley increased their price objective on shares of Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.65.
In other news, insider Michael Jeppesen sold 11,807 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total transaction of $330,241.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The disclosure for this sale can be found here. 5.65% of the stock is currently owned by company insiders.
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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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