Wolverine World Wide, Inc. (NYSE:WWW) Given Average Rating of “Moderate Buy” by Analysts

Wolverine World Wide, Inc. (NYSE:WWW) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $20.38.

WWW has been the subject of a number of analyst reports. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Wolverine World Wide in a research note on Wednesday. Finally, StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Wolverine World Wide Stock Performance

Shares of WWW stock opened at $15.55 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The company has a market cap of $1.24 billion, a PE ratio of -17.47 and a beta of 1.88. The company’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $18.80. Wolverine World Wide has a 52 week low of $8.25 and a 52 week high of $24.64.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a positive return on equity of 6.37% and a negative net margin of 3.80%. The company had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. During the same period last year, the company posted ($0.30) earnings per share. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Wolverine World Wide will post 0.9 EPS for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.57%. Wolverine World Wide’s dividend payout ratio (DPR) is -44.94%.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the transaction, the insider now owns 34,206 shares of the company’s stock, valued at $806,235.42. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.28% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

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

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.