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NYSE:WWW - Wolverine World Wide Stock Price, Forecast & News

$29.71
-1.51 (-4.84 %)
(As of 02/25/2020 04:15 AM ET)
Today's Range
$29.65
Now: $29.71
$30.16
50-Day Range
$29.71
MA: $32.64
$34.45
52-Week Range
$23.05
Now: $29.71
$37.58
Volume481,249 shs
Average Volume400,693 shs
Market Capitalization$2.40 billion
P/E Ratio16.06
Dividend Yield1.28%
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$2.44 per share
Book Value$10.46 per share

Profitability

Net Income$200.10 million

Miscellaneous

Employees3,700
Market Cap$2.40 billion
Next Earnings Date2/25/2020 (Confirmed)
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 announced a quarterly dividend on Wednesday, February 5th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.10 per share on Friday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, March 31st. View Wolverine World Wide's Dividend History.

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

Wolverine World Wide announced that its board has authorized a share repurchase plan on Wednesday, September 11th 2019, which permits the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 17.1% of its shares through open market purchases. Shares repurchase plans are often 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) posted its quarterly earnings data on Thursday, November, 7th. The textile maker reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.05. The textile maker earned $574.30 million during the quarter, compared to analysts' expectations of $575.97 million. Wolverine World Wide had a net margin of 7.51% and a return on equity of 22.50%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm 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 Tuesday, February 25th 2020. View Earnings Estimates for Wolverine World Wide.

What price target have analysts set for WWW?

7 equities research analysts have issued twelve-month price targets for Wolverine World Wide's stock. Their forecasts range from $32.00 to $40.00. On average, they anticipate Wolverine World Wide's share price to reach $36.33 in the next year. This suggests a possible upside of 22.3% from the stock's current price. View Analyst Price Targets for Wolverine World Wide.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wolverine World Wide in the last year. There are currently 2 hold ratings and 5 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. According to Zacks Investment Research, "Shares of Wolverine have risen and outpaced the industry in the past three months. The stock got boost following third-quarter 2019 results, wherein revenues and earnings grew year over year. While the top line met the Zacks Consensus Estimate, the bottom line beat the same for the seventh quarter in row. Also, management revised full-year earnings projection but retained revenue view. Notably, Wolverine is gaining from advancements in its e-commerce business, backed by strong brands like Sperry, Saucony and Wolverine. Moreover, it is on track with the global growth agenda, wherein it plans to make investments of nearly $38 million in 2019. However, stiff competition, unfavorable currency fluctuations and tariff related woes cannot be ignored. In fact, management envisions new tariffs to hurt full year earnings by 3 cents." (12/23/2019)
  • 2. 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)

Has Wolverine World Wide been receiving favorable news coverage?

Media headlines about WWW stock have been trending neutral on Tuesday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Wolverine World Wide earned a news impact score of 0.4 on InfoTrie's scale. They also gave news coverage about the textile maker a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Wolverine World Wide.

Are investors shorting Wolverine World Wide?

Wolverine World Wide saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 4,750,000 shares, a decline of 7.8% from the January 15th total of 5,150,000 shares. Based on an average daily trading volume, of 597,200 shares, the days-to-cover ratio is currently 8.0 days. Approximately 6.1% of the company's shares are short sold. 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), Andersons (ANDE), Conduent (CNDT), AON (AON) and General Electric (GE).

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 a number of of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (4.30%), Victory Capital Management Inc. (4.01%), Earnest Partners LLC (3.92%), Champlain Investment Partners LLC (3.35%), ArrowMark Colorado Holdings LLC (3.13%) and State Street Corp (3.04%). 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 major investors are selling Wolverine World Wide stock?

WWW stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., ArrowMark Colorado Holdings LLC, Royce & Associates LP, William Blair Investment Management LLC, State Street Corp, Credit Suisse AG and Foundry Partners LLC. Company insiders that have sold Wolverine World Wide company stock in the last year include David T Kollat and Joseph R Gromek. View Insider Buying and Selling for Wolverine World Wide.

Which major investors are buying Wolverine World Wide stock?

WWW stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Earnest Partners LLC, Russell Investments Group Ltd., Marshall Wace LLP, Ancora Advisors LLC, Champlain Investment Partners LLC, KBC Group NV and Marshall Wace North America L.P.. 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 $29.71.

How big of a company is Wolverine World Wide?

Wolverine World Wide has a market capitalization of $2.40 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:  1.8 out of 5 (star)
Outperform Votes:  396 (Vote Outperform)
Underperform Votes:  716 (Vote Underperform)
Total Votes:  1,112
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 2/25/2020 by MarketBeat.com Staff

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