Wolverine World Wide (NYSE:WWW) Price Target Raised to $18.00

Wolverine World Wide (NYSE:WWW - Free Report) had its target price increased by UBS Group from $17.00 to $18.00 in a report issued on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the textile maker's stock.

WWW has been the topic of several other reports. Stifel Nicolaus dropped their target price on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, February 19th. Robert W. Baird upgraded shares of Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $15.00 target price for the company in a research note on Monday, April 21st. StockNews.com lowered shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Finally, Baird R W raised shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.88.

Wolverine World Wide Price Performance

Shares of Wolverine World Wide stock traded down $0.15 during trading on Tuesday, hitting $12.73. The stock had a trading volume of 1,160,973 shares, compared to its average volume of 1,313,969. The firm has a market cap of $1.03 billion, a P/E ratio of 23.15 and a beta of 1.74. Wolverine World Wide has a fifty-two week low of $9.58 and a fifty-two week high of $24.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.29 and a quick ratio of 0.77. The business has a fifty day moving average of $13.18 and a two-hundred day moving average of $18.31.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The business had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. During the same period last year, the company posted ($0.30) EPS. The company's revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.14%. Wolverine World Wide's payout ratio is presently 72.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Wolverine World Wide during the 4th quarter worth about $25,000. Signaturefd LLC lifted its holdings in shares of Wolverine World Wide by 88.8% during the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock worth $32,000 after buying an additional 682 shares during the last quarter. Natixis bought a new stake in shares of Wolverine World Wide in the fourth quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Wolverine World Wide in the fourth quarter worth $64,000. Finally, KBC Group NV increased its position in Wolverine World Wide by 43.8% during the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker's stock worth $96,000 after acquiring an additional 1,311 shares during the period. 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.