News headlines about Wolverine World Wide (NYSE:WWW) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wolverine World Wide earned a news impact score of 0.06 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.1151721995285 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
A number of research analysts recently weighed in on WWW shares. Piper Jaffray Companies reissued a “hold” rating and set a $25.00 target price on shares of Wolverine World Wide in a report on Wednesday, November 1st. Pivotal Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price objective for the company from $32.00 to $33.00 in a report on Wednesday, November 8th. Telsey Advisory Group upped their price objective on Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, November 9th. Buckingham Research upped 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. Finally, TheStreet downgraded Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.68.
Shares of Wolverine World Wide (NYSE WWW) traded up $0.20 during mid-day trading on Monday, hitting $30.02. The stock had a trading volume of 1,373,197 shares, compared to its average volume of 866,632. The firm has a market capitalization of $2,853.20, a PE ratio of 50.03, a price-to-earnings-growth ratio of 1.18 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 12 month low of $23.34 and a 12 month high of $33.82.
The business 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 is a boost from Wolverine World Wide’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.32 annualized dividend and a dividend yield of 1.07%. Wolverine World Wide’s dividend payout ratio is presently 40.00%.
In related news, insider Michael Jeppesen sold 11,807 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total transaction of $330,241.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $29.14, for a total value of $551,561.92. The disclosure for this sale can be found here. Corporate insiders own 5.65% 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.
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