Brokerages Set Wolverine World Wide, Inc. (NYSE:WWW) Target Price at $10.63

Shares of Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the seven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.63.

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price objective on shares of Wolverine World Wide in a report on Wednesday, February 21st.

Wolverine World Wide Trading Down 3.7 %

NYSE:WWW traded down $0.42 on Monday, reaching $10.79. The stock had a trading volume of 890,315 shares, compared to its average volume of 881,470. The company has a market cap of $862.23 million, a price-to-earnings ratio of -21.16 and a beta of 1.75. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.18 and a quick ratio of 0.75. The firm's fifty day moving average is $9.55 and its two-hundred day moving average is $8.85. Wolverine World Wide has a 12-month low of $7.21 and a 12-month high of $17.85.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its earnings results on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.03). The firm had revenue of $526.70 million during the quarter, compared to analysts' expectations of $520.12 million. Wolverine World Wide had a negative net margin of 1.77% and a positive return on equity of 1.45%. Wolverine World Wide's revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.15) earnings per share. Equities analysts expect that Wolverine World Wide will post 0.77 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, March 28th. Wolverine World Wide's dividend payout ratio (DPR) is presently -78.43%.

Institutional Trading of Wolverine World Wide

Several large investors have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Wolverine World Wide during the 2nd quarter valued at approximately $43,000. Tower Research Capital LLC TRC boosted its stake in shares of Wolverine World Wide by 126.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,969 shares of the textile maker's stock valued at $44,000 after buying an additional 1,657 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Wolverine World Wide during the 4th quarter valued at approximately $26,000. UBS Group AG boosted its stake in shares of Wolverine World Wide by 114.9% during the 3rd quarter. UBS Group AG now owns 6,315 shares of the textile maker's stock valued at $97,000 after buying an additional 3,376 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in shares of Wolverine World Wide during the 2nd quarter valued at approximately $203,000. Institutional investors and hedge funds own 90.25% of the company's stock.

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.