Wolverine World Wide, Inc. (NYSE:WWW) Receives Average Rating of “Moderate Buy” from Analysts

Wolverine World Wide, Inc. (NYSE:WWW) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.25.

Several equities research analysts have commented on the stock. Robert W. Baird dropped their price target on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus dropped their target price on shares of Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday. Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of Wolverine World Wide in a report on Wednesday, February 19th. UBS Group dropped their price target on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, StockNews.com lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WWW. SBI Securities Co. Ltd. acquired a new position in Wolverine World Wide in the 4th quarter valued at approximately $25,000. Signaturefd LLC grew its holdings in shares of Wolverine World Wide by 88.8% during the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 682 shares in the last quarter. Natixis acquired a new position in shares of Wolverine World Wide in the fourth quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Wolverine World Wide during the fourth quarter worth $64,000. Finally, KBC Group NV boosted its position in Wolverine World Wide by 43.8% during the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock valued at $96,000 after purchasing an additional 1,311 shares during the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide Price Performance

NYSE WWW opened at $11.13 on Friday. Wolverine World Wide has a 12 month low of $9.07 and a 12 month high of $24.64. The firm has a market capitalization of $901.51 million, a PE ratio of 20.23 and a beta of 1.74. The company’s 50 day simple moving average is $15.06 and its 200 day simple moving average is $18.74. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.29 and a quick ratio of 0.77.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $485.74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the firm earned ($0.30) EPS. As a group, equities research analysts forecast that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.60%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s payout ratio is 72.73%.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.