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NYSE:WWWWolverine World Wide Stock Price, Forecast & News

$20.94
-0.77 (-3.55 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$20.47
Now: $20.94
$21.36
50-Day Range
$16.58
MA: $19.27
$22.09
52-Week Range
$12.19
Now: $20.94
$34.70
Volume705,453 shs
Average Volume648,951 shs
Market Capitalization$1.70 billion
P/E Ratio17.90
Dividend Yield1.91%
Beta1.73
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: 3.3Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 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$2.85 per share
Book Value$9.06 per share

Profitability

Net Income$128.50 million

Miscellaneous

Employees4,000
Market Cap$1.70 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Wolverine World Wide (NYSE:WWW) Frequently Asked Questions

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

Wolverine World Wide's stock was trading at $22.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WWW shares have decreased by 6.9% and is now trading at $20.94. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 3 hold ratings and 5 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 Wednesday, August 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) issued its quarterly earnings data on Wednesday, April, 22nd. The textile maker reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.10. The textile maker earned $439.30 million during the quarter, compared to the consensus estimate of $469.81 million. Wolverine World Wide had a net margin of 4.61% and a return on equity of 22.11%. The business's quarterly revenue was down 16.1% on a year-over-year basis. During the same quarter last year, the company earned $0.49 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 declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.10 per share on Monday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, June 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 approved a share buyback 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 purchase up to 17.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for WWW?

8 Wall Street analysts have issued 1-year 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 $24.67 in the next year. This suggests a possible upside of 17.8% from the stock's current price. View analysts' price targets 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 stories about WWW stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of media 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 sentiment score of -1.0 on InfoTrie's scale. They also assigned headlines about the textile maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutWolverine World Wide.

Are investors shorting Wolverine World Wide?

Wolverine World Wide saw a drop in short interest in May. As of May 15th, there was short interest totaling 4,070,000 shares, a drop of 5.1% from the April 30th total of 4,290,000 shares. Based on an average trading volume of 879,900 shares, the short-interest ratio is currently 4.6 days. Currently, 5.2% 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), Deckers Outdoor (DECK), Skechers USA (SKX), Steven Madden (SHOO) and Crocs (CROX). 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 Carnival (CCL), Wendys (WEN), Walgreens Boots Alliance (WBA), Xerox (XRX), Cheesecake Factory (CAKE), Fifth Third Bancorp (FITB), Andersons (ANDE), AON (AON), Conduent (CNDT) 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.08%), Champlain Investment Partners LLC (4.18%), State Street Corp (3.32%), Silvercrest Asset Management Group LLC (3.02%), Wellington Management Group LLP (2.37%) and Atlanta Capital Management Co. L L C (2.17%). Company insiders that own Wolverine World Wide stock include Amy M Klimek, Brenda J Lauderback, David T Kollat, Jeffrey M Boromisa, Joseph R Gromek, Michael Jeppesen, Nicholas T Long, 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 ArrowMark Colorado Holdings LLC, Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Wellington Management Group LLP, JPMorgan Chase & Co., KBC Group NV, and First Trust Advisors LP. Company insiders that have sold Wolverine World Wide company stock in the last year include Jeffrey M Boromisa, Michael Jeppesen, and William K Gerber. View insider buying and selling activity for Wolverine World Wide.

Which institutional investors are buying Wolverine World Wide stock?

WWW stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Champlain Investment Partners LLC, Atlanta Capital Management Co. L L C, Eagle Asset Management Inc., Deprince Race & Zollo Inc., State Street Corp, Russell Investments Group Ltd., and Aigen Investment Management LP. 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 $20.94.

How big of a company is Wolverine World Wide?

Wolverine World Wide has a market capitalization of $1.70 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 5/31/2020 by MarketBeat.com Staff

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