News articles about Wolverine World Wide (NYSE:WWW) have been trending positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wolverine World Wide earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news stories about the textile maker an impact score of 90 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the next several days.
Several research firms have commented on WWW. BidaskClub upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Jaffray Companies reiterated a “hold” rating and set a $ 24.00 price objective on shares of Wolverine World Wide in a research note on Friday, June 9th. Telsey Advisory Group upped their price target on Wolverine World Wide from $ 26.00 to $ 29.00 and gave the company a “market perform” rating in a research report on Thursday, May 11th. Zacks Investment Research lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Wedbush upped their price target on Wolverine World Wide from $ 7.00 to $ 8.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Wolverine World Wide currently has an average rating of “Hold” and a consensus price target of $ 23.57.
Wolverine World Wide (NYSE:WWW) traded down 0.57% on Tuesday, reaching $ 27.85. The company’s stock had a trading volume of 223,446 shares. Wolverine World Wide has a 52 week low of $ 19.71 and a 52 week high of $ 28.23. The firm has a 50 day moving average price of $ 26.00 and a 200 day moving average price of $ 24.40. The stock has a market capitalization of $ 2.70 billion, a P/E ratio of 31.61 and a beta of 0.94.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, May 10th. The textile maker reported $ 0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.06. Wolverine World Wide had a net margin of 3.47% and a return on equity of 14.14%. The company had revenue of $ 591.30 million for the quarter, compared to analyst estimates of $ 557.53 million. During the same quarter in the prior year, the business posted $ 0.29 EPS. Wolverine World Wide’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that Wolverine World Wide will post $ 1.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 3rd will be paid a dividend of $ 0.06 per share. The ex-dividend date is Thursday, June 29th. This represents a $ 0.24 annualized dividend and a dividend yield of 0.86%. Wolverine World Wide’s dividend payout ratio (DPR) is 27.27%.
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About Wolverine World Wide
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, Chaco footwear, and Sebago footwear and apparel; 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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