Wolverine World Wide (NYSE:WWW – Get Free Report)‘s stock had its “market perform” rating reissued by equities researchers at Telsey Advisory Group in a report issued on Wednesday, Benzinga reports. They currently have a $10.00 target price on the textile maker’s stock. Telsey Advisory Group’s price target would indicate a potential downside of 6.89% from the company’s current price.
Wolverine World Wide Price Performance
Shares of NYSE WWW opened at $10.74 on Wednesday. Wolverine World Wide has a fifty-two week low of $7.21 and a fifty-two week high of $17.85. The business has a 50 day moving average price of $10.08 and a two-hundred day moving average price of $9.14. The company has a quick ratio of 0.75, a current ratio of 1.18 and a debt-to-equity ratio of 2.02. The firm has a market cap of $858.23 million, a PE ratio of -21.06 and a beta of 1.75.
Wolverine World Wide (NYSE:WWW – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.03). Wolverine World Wide had a negative net margin of 1.77% and a positive return on equity of 1.45%. The business had revenue of $526.70 million for the quarter, compared to analyst estimates of $520.12 million. During the same quarter last year, the business earned ($0.15) EPS. Wolverine World Wide’s revenue for the quarter was down 20.8% compared to the same quarter last year. Sell-side analysts expect that Wolverine World Wide will post 0.77 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wolverine World Wide Company Profile
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.
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