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

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$34.62 -1.34 (-3.73 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$35.96
Today's Range$34.56 - $35.69
52-Week Range$27.93 - $39.77
Volume561,495 shs
Average Volume909,933 shs
Market Capitalization$3.17 billion
P/E Ratio15.95
Dividend Yield0.90%
Beta0.97
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources and markets a range of footwear styles, such as shoes, boots, and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, HyTest, Keds, Merrell, Saucony, Sebago, Soft Style, Sperry, Stride Rite, and Wolverine brand names. It also markets apparel and accessories under the Merrell and Wolverine brands, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; the Wolverine brand eyewear and gloves; and the Keds, Saucony, Sperry brand apparel. In addition, the company markets pigskin leather under the Wolverine Warrior Leather, Weather Tight, and All Season Weather Leathers trademarks for use in the footwear industry. Wolverine World Wide, Inc. sells its products in the United States, Canada, the United Kingdom, and certain countries in continental Europe and Asia Pacific to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, as well as through third-party licensees and distributors. As of December 30, 2017, the company operated 81 retail stores, as well as 29 consumer-direct Websites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.

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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$2.4817 per share
Book Value$10.46 per share

Profitability

Net Income$200.10 million

Miscellaneous

Employees3,700
Market Cap$3.17 billion
Next Earnings Date5/8/2019 (Estimated)
OptionableOptionable

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 13th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.10 per share on Wednesday, May 1st. This represents a $0.40 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, March 29th. This is an increase from Wolverine World Wide's previous quarterly dividend of $0.08. View Wolverine World Wide's Dividend History.

How were Wolverine World Wide's earnings last quarter?

Wolverine World Wide, Inc. (NYSE:WWW) posted its quarterly earnings data on Wednesday, February, 20th. The textile maker reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The textile maker earned $579.60 million during the quarter, compared to analyst estimates of $584.55 million. Wolverine World Wide had a return on equity of 21.00% and a net margin of 8.90%. The firm's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. 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, May 8th 2019. 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 Wednesday, February, 20th. The company provided earnings per share guidance of $2.20 to $2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.35. The company issued revenue guidance of $2.28 billion to $2.33 billion, compared to the consensus revenue estimate of $2.34 billion.Wolverine World Wide also updated its FY 2019 guidance to $2.20-2.35 EPS.

What price target have analysts set for WWW?

11 brokerages have issued twelve-month price objectives for Wolverine World Wide's shares. Their predictions range from $37.00 to $44.00. On average, they anticipate Wolverine World Wide's share price to reach $40.10 in the next year. This suggests a possible upside of 15.8% from the stock's current price. View Analyst Price Targets for Wolverine World Wide.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wolverine World Wide in the last year. There are currently 5 hold ratings and 6 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 not only increased but also outperformed the industry in the past one year. The company has been progressing well with its GLOBAL GROWTH AGENDA, which focuses on empowering brands, implementing advanced digital tools and expanding into new markets. Wolverine marked the third successive quarter of earnings beat. In fact, the company’s bottom line grew year over year as well. Decline in cost of goods sold, fall in SG&A expenses and lower interest expense led to the upside. Incidentally, continued strength in bottom-line performance propelled management to raise earnings view for 2018. However, the company’s sales missed the consensus mark and plunged year over year, marking the fifth straight quarter of decline. This downturn was mainly due to negative impacts of store closures and portfolio changes. Moreover, the company is exposed to significant currency risks." (2/16/2019)
  • 2. Pivotal Research analysts commented, "We calculate that the $0.06 beat was due to a lower-than-expected tax rate." (11/5/2018)

Has Wolverine World Wide been receiving favorable news coverage?

Media coverage about WWW stock has trended positive this week, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wolverine World Wide earned a media sentiment score of 2.2 on InfoTrie's scale. They also assigned headlines about the textile maker a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.

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

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 Walgreens Boots Alliance (WBA), Carnival (ccl), Nike (NKE), Xerox (XRX), General Electric (GE), Citigroup (C), Cheesecake Factory (CAKE), Johnson & Johnson (jnj), Wendys (WEN) and Costco Wholesale (COST).

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. Richard J. Woodworth, Pres of Wolverine Boston Group (Age 61)
  • Mr. Todd Spaletto, Pres of Wolverine Outdoor & Lifestyle Group (Age 47)

Who are Wolverine World Wide's major shareholders?

Wolverine World Wide's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.58%), Dimensional Fund Advisors LP (2.89%), Victory Capital Management Inc. (2.44%), FMR LLC (2.32%), Lord Abbett & CO. LLC (2.23%) and Northern Trust Corp (2.07%). Company insiders that own Wolverine World Wide stock include Amy M Klimek, Brenda J Lauderback, David T Kollat, James D Zwiers, 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 Prudential Financial Inc., FMR LLC, Lord Abbett & CO. LLC, Dimensional Fund Advisors LP, QS Investors LLC, Barclays PLC, Nordea Investment Management AB and Bank of New York Mellon Corp. 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, Michael D Stornant, Michael Jeppesen, Richard Woodworth and William K Gerber. View Insider Buying and Selling for Wolverine World Wide.

Which institutional investors are buying Wolverine World Wide stock?

WWW stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, Westfield Capital Management Co. LP, Atlanta Capital Management Co. L L C, Canada Pension Plan Investment Board, Vaughan Nelson Investment Management L.P., BlackRock Inc. and Phocas Financial Corp.. 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, Scottrade, Fidelity and Charles Schwab.

What is Wolverine World Wide's stock price today?

One share of WWW stock can currently be purchased for approximately $34.62.

How big of a company is Wolverine World Wide?

Wolverine World Wide has a market capitalization of $3.17 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.

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:  330 (Vote Outperform)
Underperform Votes:  640 (Vote Underperform)
Total Votes:  970
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 3/22/2019 by MarketBeat.com Staff

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