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

Wolverine World Wide, Inc. (NYSE:WWW) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.50.

WWW has been the topic of several research analyst reports. UBS Group lowered their price objective on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird decreased their price target on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th.

Institutional Investors Weigh In On Wolverine World Wide

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Wolverine World Wide by 12.5% in the 4th quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock valued at $112,000 after purchasing an additional 563 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Wolverine World Wide by 5.2% in the 4th quarter. HighTower Advisors LLC now owns 11,526 shares of the textile maker’s stock valued at $256,000 after purchasing an additional 574 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Wolverine World Wide by 7.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,305 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 581 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Wolverine World Wide by 88.8% in the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 682 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Wolverine World Wide by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker’s stock valued at $635,000 after purchasing an additional 1,035 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Trading Up 3.3 %

NYSE:WWW opened at $15.51 on Thursday. Wolverine World Wide has a 12 month low of $9.06 and a 12 month high of $24.64. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 28.20 and a beta of 1.88. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. The company’s 50 day moving average is $21.26 and its 200-day moving average is $18.88.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $494.70 million for the quarter, compared to the consensus estimate of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. Wolverine World Wide’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.30) earnings per share. Equities analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.58%. Wolverine World Wide’s dividend payout ratio is presently 72.73%.

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.