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NYSE:WWW

Wolverine World Wide Stock Forecast, Price & News

$26.38
+1.40 (+5.60 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$25.00
Now: $26.38
$26.44
50-Day Range
$23.14
MA: $25.16
$27.39
52-Week Range
$12.19
Now: $26.38
$34.70
Volume715,497 shs
Average Volume668,926 shs
Market Capitalization$2.16 billion
P/E Ratio37.69
Dividend Yield1.60%
Beta1.69
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. 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, Sperry, Wolverine, and Stride Rite 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, and 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. Further, it operates brick and mortar retail stores, and e-commerce sites. Wolverine World Wide, Inc. sells its products in the United States, Canada, the United Kingdom, and countries in continental Europe and the 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 29, 2018, the company operated 80 retail stores, as well as 42 consumer direct e-commerce sites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.84 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.27 billion
Cash Flow$2.90 per share
Book Value$9.62 per share

Profitability

Net Income$128.50 million

Miscellaneous

Employees4,000
Market Cap$2.16 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$26.38
+1.40 (+5.60 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Wolverine World Wide (NYSE:WWW) Frequently Asked Questions

How has Wolverine World Wide's stock been impacted by Coronavirus (COVID-19)?

Wolverine World Wide's stock was trading at $22.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WWW stock has increased by 17.2% and is now trading at $26.38.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Wolverine World Wide?

9 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Wolverine World Wide
.

When is Wolverine World Wide's next earnings date?

Wolverine World Wide is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Wolverine World Wide
.

How were Wolverine World Wide's earnings last quarter?

Wolverine World Wide, Inc. (NYSE:WWW) announced its quarterly earnings data on Wednesday, August, 5th. The textile maker reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.20. The textile maker earned $349.10 million during the quarter, compared to analysts' expectations of $317.61 million. Wolverine World Wide had a return on equity of 17.74% and a net margin of 3.00%. Wolverine World Wide's quarterly revenue was down 38.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS.
View Wolverine World Wide's earnings history
.

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, July 29th. Investors of record on Thursday, October 1st will be paid a dividend of $0.10 per share on Monday, November 2nd. This represents a $0.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Wednesday, September 30th.
View Wolverine World Wide's dividend history
.

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

Wolverine World Wide announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 11th 2019, which allows the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 17.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for WWW?

9 equities research analysts have issued 12-month price targets for Wolverine World Wide's shares. Their forecasts range from $18.00 to $39.00. On average, they anticipate Wolverine World Wide's stock price to reach $28.38 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
View analysts' price targets for Wolverine World Wide
.

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

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

What is Wolverine World Wide's stock symbol?

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

Who are Wolverine World Wide's major shareholders?

Wolverine World Wide's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.09%), Silvercrest Asset Management Group LLC (3.29%), Goldman Sachs Group Inc. (2.54%), Macquarie Group Ltd. (2.42%), Bank of America Corp DE (1.89%) and FMR LLC (1.54%). Company insiders that own Wolverine World Wide stock include Amy M Klimek, Brenda J Lauderback, David T Kollat, Jeffrey M Boromisa, Joseph R Gromek, Kyle Hanson, Michael D Stornant, Michael Jeppesen, Nicholas T Long 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 Canada Pension Plan Investment Board, Man Group plc, Vanguard Group Inc., Victory Capital Management Inc., WINTON GROUP Ltd, BRYN MAWR TRUST Co, Holocene Advisors LP, and Trexquant Investment LP. Company insiders that have sold Wolverine World Wide company stock in the last year include Amy M Klimek, Jeffrey M Boromisa, Kyle Hanson, Michael D Stornant, Michael Jeppesen, and William K Gerber.
View insider buying and selling activity for Wolverine World Wide
.

Which major investors are buying Wolverine World Wide stock?

WWW stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Macquarie Group Ltd., Nuveen Asset Management LLC, FMR LLC, Silvercrest Asset Management Group LLC, Monarch Partners Asset Management LLC, Marshall Wace LLP, and Russell Investments Group Ltd.. Company insiders that have bought Wolverine World Wide stock in the last two years include Jeffrey M Boromisa, and Nicholas T Long.
View insider buying and selling activity 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 $26.38.

How big of a company is Wolverine World Wide?

Wolverine World Wide has a market capitalization of $2.16 billion and generates $2.27 billion in revenue each year. The textile maker earns $128.50 million in net income (profit) each year or $2.25 on an earnings per share basis. Wolverine World Wide employs 4,000 workers across the globe.

What is Wolverine World Wide's official website?

The official website for Wolverine World Wide is 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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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