Wolverine World Wide, Inc. (NYSE:WWW) Given Average Recommendation of "Moderate Buy" by Analysts

Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $18.13.

Several analysts have recently weighed in on WWW shares. Robert W. Baird upgraded Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $15.00 target price for the company in a research report on Monday, April 21st. Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Stifel Nicolaus decreased their price target on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group increased their price objective on Wolverine World Wide from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $17.00 target price on shares of Wolverine World Wide in a research report on Thursday, May 1st.

Wolverine World Wide Stock Up 1.0 %

Shares of NYSE:WWW opened at $14.22 on Tuesday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 25.85 and a beta of 1.74. Wolverine World Wide has a 12 month low of $9.58 and a 12 month high of $24.64. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a 50-day moving average price of $12.96 and a 200 day moving average price of $18.19.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. The firm had revenue of $494.70 million during the quarter, compared to analysts' expectations of $485.74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The company's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.30) EPS. As a group, equities research analysts predict that Wolverine World Wide will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.81%. Wolverine World Wide's payout ratio is currently 72.73%.

Institutional Investors Weigh In On Wolverine World Wide

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Wolverine World Wide by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker's stock worth $112,000 after buying an additional 563 shares during the last quarter. HighTower Advisors LLC boosted its position in Wolverine World Wide by 5.2% in the 4th quarter. HighTower Advisors LLC now owns 11,526 shares of the textile maker's stock worth $256,000 after purchasing an additional 574 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Wolverine World Wide by 7.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,305 shares of the textile maker's stock worth $184,000 after purchasing an additional 581 shares during the period. Signaturefd LLC increased its holdings in shares of Wolverine World Wide by 88.8% during 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 holdings in Wolverine World Wide by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker's stock worth $635,000 after buying an additional 1,035 shares in the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

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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