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Wolverine World Wide Stock Price, Forecast & Analysis (NYSE:WWW)

$33.00
-0.09 (-0.27 %)
(As of 11/12/2019 04:00 PM ET)
Today's Range
$32.81
Now: $33.00
$33.26
50-Day Range
$26.96
MA: $29.06
$33.49
52-Week Range
$23.05
Now: $33.00
$39.72
Volume504,386 shs
Average Volume774,619 shs
Market Capitalization$2.81 billion
P/E Ratio15.21
Dividend Yield1.21%
Beta1.06
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots. Read More…

Industry, Sector and Symbol

Industry Footwear, except rubber
Sub-IndustryFootwear
SectorConsumer Discretionary
CUSIP97809710
Phone616-866-5500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.24 billion
Cash Flow$2.52 per share
Book Value$10.46 per share

Profitability

Net Income$200.10 million

Miscellaneous

Employees3,700
Market Cap$2.81 billion
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable

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Wolverine World Wide (NYSE:WWW) Frequently Asked Questions

What is Wolverine World Wide's stock symbol?

Wolverine World Wide trades on the New York Stock Exchange (NYSE) under the ticker symbol "WWW."

How often does Wolverine World Wide pay dividends? What is the dividend yield for Wolverine World Wide?

Wolverine World Wide declared a quarterly dividend on Friday, November 1st. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.10 per share on Monday, February 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 31st. View Wolverine World Wide's Dividend History.

How will Wolverine World Wide's stock buyback program work?

Wolverine World Wide declared that its Board of Directors has approved a stock repurchase program on Wednesday, September 11th 2019, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 17.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

How were Wolverine World Wide's earnings last quarter?

Wolverine World Wide, Inc. (NYSE:WWW) issued its earnings results on Thursday, November, 7th. The textile maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.05. The textile maker had revenue of $574.30 million for the quarter, compared to analysts' expectations of $575.97 million. Wolverine World Wide had a return on equity of 22.50% and a net margin of 7.51%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. View Wolverine World Wide's Earnings History.

When is Wolverine World Wide's next earnings date?

Wolverine World Wide is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Wolverine World Wide.

What guidance has Wolverine World Wide issued on next quarter's earnings?

Wolverine World Wide issued an update on its FY19 earnings guidance on Thursday, November, 7th. The company provided earnings per share (EPS) guidance of $2.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.28. The company issued revenue guidance of $2.28 billion, compared to the consensus revenue estimate of $2.29 billion.

What price target have analysts set for WWW?

6 brokers have issued 1 year price targets for Wolverine World Wide's stock. Their forecasts range from $29.19 to $41.00. On average, they anticipate Wolverine World Wide's stock price to reach $35.53 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Price Targets for Wolverine World Wide.

What is the consensus analysts' recommendation for Wolverine World Wide?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wolverine World Wide in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Wolverine World Wide.

What are Wall Street analysts saying about Wolverine World Wide stock?

Here are some recent quotes from research analysts about Wolverine World Wide stock:
  • 1. Pivotal Research analysts commented, "We are modeling 2Q sales at the low end of guidance, below consensus, and EPS in line with guidance/consensus. We believe 2Q was a challenging backdrop for WWW, and we suspect the company suffered from weak reorders in the quarter. We are also modeling FY19 sales at the low end of guidance, below consensus, and EPS at the midpoint of guidance and in line with consensus. At best, we believe WWW will reiterate its FY19 guidance. The guidance implies 2H sales growth of 4%-8%, with MTeens%, respectively. We don’t doubt that backlog is healthy for these brands, but WWW is up against tough 4Q comparisons for Merrell (+DD% ly), Sperry (+HSD% ly) and boots in general. We lack confidence in WWW’s ability to lap these tough comparisons, as we believe that 4Q18 results were aided by unusually favorable weather last year." (8/2/2019)
  • 2. According to Zacks Investment Research, "Wolverine has lagged the industry in the past six months. The company’s top line has been declining due to store closures and portfolio changes made earlier in 2017. Going ahead, Management expects first-quarter 2019 performance to be impaired by challenges in the Saucony business, soft demand for Wolverine Leathers, industry bankruptcies as well as reduced demand from few international partners. Also, the company is exposed to significant currency risks. On the flip side, Wolverine’s bottom line record is a breather.  The company’s earnings surpassed the consensus mark and surged 26.8% in the fourth quarter of 2018. Further, it is progressing well with the GLOBAL GROWTH AGENDA, which focuses on empowering brands, augmenting the digital platform and growing internationally." (4/22/2019)

Has Wolverine World Wide been receiving favorable news coverage?

Media coverage about WWW stock has been trending very negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wolverine World Wide earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave headlines about the textile maker a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Wolverine World Wide.

Are investors shorting Wolverine World Wide?

Wolverine World Wide saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 7,080,000 shares, an increase of 15.1% from the September 30th total of 6,150,000 shares. Based on an average trading volume of 860,100 shares, the short-interest ratio is presently 8.2 days. Approximately 8.6% of the company's shares are sold short. View Wolverine World Wide's Current Options Chain.

Who are some of Wolverine World Wide's key competitors?

Some companies that are related to Wolverine World Wide include Nike (NKE), Skechers USA (SKX), Deckers Outdoor (DECK), Steven Madden (SHOO) and Crocs (CROX).

What other stocks do shareholders of Wolverine World Wide own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wolverine World Wide investors own include Wendys (WEN), Walgreens Boots Alliance (WBA), Carnival (CCL), Xerox (XRX), Cheesecake Factory (CAKE), Fifth Third Bancorp (FITB), Conduent (CNDT), Andersons (ANDE), AON (AON) and Paychex (PAYX).

Who are Wolverine World Wide's key executives?

Wolverine World Wide's management team includes the folowing people:
  • Mr. Blake W. Krueger, Chairman, CEO & Pres (Age 65)
  • Mr. Michael David Stornant, Sr. VP, CFO & Treasurer (Age 52)
  • Mr. James D. Zwiers, Exec. VP (Age 51)
  • Mr. Michael Jeppesen, Pres of Global Operations Group & Wolverine Heritage Group (Age 59)
  • Mr. Richard J. Woodworth, Pres of Wolverine Boston Group (Age 61)

Who are Wolverine World Wide's major shareholders?

Wolverine World Wide's stock is owned by many different of retail and institutional investors. Top institutional investors include Marathon Asset Management LLP (0.92%), GW&K Investment Management LLC (0.82%), Foundry Partners LLC (0.46%), Diamond Hill Capital Management Inc. (0.44%), Eagle Asset Management Inc. (0.41%) and Chartwell Investment Partners LLC (0.38%). Company insiders that own Wolverine World Wide stock include Amy M Klimek, Brenda J Lauderback, David T Kollat, James D Zwiers, Jeffrey M Boromisa, Joseph R Gromek, Michael D Stornant, Michael Jeppesen, Richard Woodworth and William K Gerber. View Institutional Ownership Trends for Wolverine World Wide.

Which institutional investors are selling Wolverine World Wide stock?

WWW stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Strs Ohio, Marathon Asset Management LLP, Eagle Asset Management Inc., Chartwell Investment Partners LLC, New York State Teachers Retirement System, Keybank National Association OH and Municipal Employees Retirement System of Michigan. Company insiders that have sold Wolverine World Wide company stock in the last year include Amy M Klimek, Brenda J Lauderback, David T Kollat, Joseph R Gromek and Michael Jeppesen. View Insider Buying and Selling for Wolverine World Wide.

Which institutional investors are buying Wolverine World Wide stock?

WWW stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, GW&K Investment Management LLC, Foundry Partners LLC, State of Alaska Department of Revenue, California Public Employees Retirement System and Catalyst Capital Advisors LLC. View Insider Buying and Selling for Wolverine World Wide.

How do I buy shares of Wolverine World Wide?

Shares of WWW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Wolverine World Wide's stock price today?

One share of WWW stock can currently be purchased for approximately $33.00.

How big of a company is Wolverine World Wide?

Wolverine World Wide has a market capitalization of $2.81 billion and generates $2.24 billion in revenue each year. The textile maker earns $200.10 million in net income (profit) each year or $2.17 on an earnings per share basis. Wolverine World Wide employs 3,700 workers across the globe.View Additional Information About Wolverine World Wide.

What is Wolverine World Wide's official website?

The official website for Wolverine World Wide is http://www.wolverineworldwide.com/.

How can I contact Wolverine World Wide?

Wolverine World Wide's mailing address is 9341 COURTLAND DRIVE N.E., ROCKFORD MI, 49351. The textile maker can be reached via phone at 616-866-5500 or via email at [email protected]


MarketBeat Community Rating for Wolverine World Wide (NYSE WWW)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  368 (Vote Outperform)
Underperform Votes:  686 (Vote Underperform)
Total Votes:  1,054
MarketBeat's community ratings are surveys of what our community members think about Wolverine World Wide and other stocks. Vote "Outperform" if you believe WWW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WWW will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/12/2019 by MarketBeat.com Staff

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