Wolverine World Wide, Inc. (NYSE:WWW) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) have been assigned an average recommendation of "Buy" from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.75.

A number of analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Wolverine World Wide from $15.00 to $20.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. UBS Group lifted their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $17.00 price objective on shares of Wolverine World Wide in a report on Friday, May 9th. Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, Stifel Nicolaus cut their target price on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, April 10th.

Wolverine World Wide Trading Down 0.3%

Shares of NYSE:WWW opened at $17.28 on Wednesday. The firm has a fifty day moving average of $15.75 and a two-hundred day moving average of $17.42. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 1.76. Wolverine World Wide has a 12-month low of $9.58 and a 12-month high of $24.64. The firm has a market capitalization of $1.40 billion, a P/E ratio of 19.87 and a beta of 1.71.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.07. Wolverine World Wide had a return on equity of 28.74% and a net margin of 4.15%. The firm had revenue of $412.30 million during the quarter, compared to analysts' expectations of $395.94 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts expect that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio (DPR) is presently 45.98%.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Wolverine World Wide by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 390,709 shares of the textile maker's stock worth $8,674,000 after purchasing an additional 11,667 shares in the last quarter. Ieq Capital LLC bought a new position in Wolverine World Wide in the fourth quarter worth $234,000. Los Angeles Capital Management LLC bought a new position in Wolverine World Wide in the fourth quarter worth $1,781,000. Oppenheimer Asset Management Inc. boosted its stake in Wolverine World Wide by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 147,130 shares of the textile maker's stock worth $3,266,000 after buying an additional 1,270 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Wolverine World Wide in the 4th quarter valued at $315,000. 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.

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