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

$33.03
-0.35 (-1.05 %)
(As of 01/28/2020 06:56 AM ET)
Today's Range
$32.24
Now: $33.03
$33.46
50-Day Range
$32.64
MA: $33.66
$34.45
52-Week Range
$23.05
Now: $33.03
$39.72
Volume308,000 shs
Average Volume445,876 shs
Market Capitalization$2.67 billion
P/E Ratio17.85
Dividend Yield1.20%
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$2.53 per share
Book Value$10.46 per share

Profitability

Net Income$200.10 million

Miscellaneous

Employees3,700
Market Cap$2.67 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. Stockholders 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 annualized dividend and a dividend yield of 1.21%. The ex-dividend date 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 has initiated a stock buyback plan on Wednesday, September 11th 2019, which authorizes the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 17.1% of its stock through open market purchases. Stock buyback plans are generally a sign 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) released its quarterly earnings results on Thursday, November, 7th. The textile maker reported $0.68 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.05. The textile maker had revenue of $574.30 million for the quarter, compared to the consensus estimate of $575.97 million. Wolverine World Wide had a net margin of 7.51% and a return on equity of 22.50%. Wolverine World Wide's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 EPS guidance of $2.25 for the period, compared to the Thomson Reuters consensus 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 brokerages have issued 12-month target prices for Wolverine World Wide's stock. Their forecasts range from $32.00 to $41.00. On average, they expect Wolverine World Wide's stock price to reach $37.00 in the next year. This suggests a possible upside of 12.0% 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 2 hold ratings and 4 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?

Headlines about WWW stock have been trending somewhat negative on Tuesday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wolverine World Wide earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the textile maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company'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 decrease in short interest in January. As of January 15th, there was short interest totalling 5,150,000 shares, a decrease of 7.9% from the December 31st total of 5,590,000 shares. Based on an average trading volume of 577,200 shares, the days-to-cover ratio is presently 8.9 days. Currently, 6.6% of the shares of the company 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), 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 New York State Teachers Retirement System (0.24%), California Public Employees Retirement System (0.23%), Strs Ohio (0.08%), State of Alaska Department of Revenue (0.08%), Nisa Investment Advisors LLC (0.07%) and Arizona State Retirement System (0.07%). 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 Arizona State Retirement System, State of Alaska Department of Revenue, New York State Teachers Retirement System, Louisiana State Employees Retirement System, Hanson & Doremus Investment Management and Huntington National Bank. 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 purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, IFP Advisors Inc, Strs Ohio, Sciencast Management LP, Raymond James Trust N.A., BT Wealth Management LLC, Diversified Trust Co and Nisa Investment 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 $33.03.

How big of a company is Wolverine World Wide?

Wolverine World Wide has a market capitalization of $2.67 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:  384 (Vote Outperform)
Underperform Votes:  704 (Vote Underperform)
Total Votes:  1,088
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 1/28/2020 by MarketBeat.com Staff

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