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.
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Industry, Sector and Symbol
Industry Footwear, except rubber
Sub-IndustryFootwear
SectorConsumer Discretionary
Phone616-866-5500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.24 billion
Profitability
Miscellaneous
Employees3,700
Next Earnings Date11/6/2019 (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 declared a quarterly dividend on Thursday, August 1st. Investors of record on Tuesday, October 1st will be paid a dividend of $0.10 per share on Friday, November 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, September 30th. 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 initiated a share repurchase plan 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 plans are generally an indication that the company's board of directors believes its shares are undervalued.
How were Wolverine World Wide's earnings last quarter?
Wolverine World Wide, Inc. (NYSE:WWW) released its earnings results on Wednesday, August, 7th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The textile maker had revenue of $568.60 million for the quarter, compared to analysts' expectations of $575.24 million. Wolverine World Wide had a net margin of 8.02% and a return on equity of 21.21%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. View Wolverine World Wide's Earnings History.
When is Wolverine World Wide's next earnings date?
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, August, 7th. The company provided EPS guidance of ~$2.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.28. The company issued revenue guidance of ~$2.28 billion, compared to the consensus revenue estimate of $2.30 billion.
What price target have analysts set for WWW?
8 brokers have issued 1-year target prices for Wolverine World Wide's stock. Their predictions range from $29.19 to $41.00. On average, they expect Wolverine World Wide's share price to reach $36.0238 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price. View Analyst Price Targets for Wolverine World Wide.
What is the consensus analysts' recommendation for Wolverine World Wide?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wolverine World Wide in the last year. There are currently 4 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. 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 headlines about WWW stock have trended negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Wolverine World Wide earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned news stories about the textile maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate 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 August. As of August 31st, there was short interest totalling 4,737,900 shares, an increase of 20.6% from the July 31st total of 3,929,300 shares. Based on an average trading volume of 852,800 shares, the days-to-cover ratio is presently 5.6 days. Currently, 5.7% of the company's stock are sold short. View Wolverine World Wide's Current Options Chain.
Who are some of Wolverine World Wide's key competitors?
What other stocks do shareholders of Wolverine World Wide own?
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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.94%), BlackRock Inc. (15.94%), Vanguard Group Inc. (10.62%), Victory Capital Management Inc. (3.51%), Earnest Partners LLC (3.12%) and JPMorgan Chase & Co. (2.73%). 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 Citadel Advisors LLC, Vanguard Group Inc., Phocas Financial Corp., Phocas Financial Corp., William Blair Investment Management LLC, Chicago Equity Partners LLC, Man Group plc and Eagle Asset Management Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Victory Capital Management Inc., JPMorgan Chase & Co., Morgan Stanley, Barrow Hanley Mewhinney & Strauss LLC, Barrow Hanley Mewhinney & Strauss LLC, Edgestream Partners L.P. and Northern Trust 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, 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 $28.44.
How big of a company is Wolverine World Wide?
Wolverine World Wide has a market capitalization of $2.42 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?
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)
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.
