Wolverine World Wide (NYSE:WWW)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research report issued on Thursday.
Several other equities research analysts have also recently issued reports on the company. Robert W. Baird lowered their price objective on Wolverine World Wide from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, November 8th. Pivotal Research reiterated a “hold” rating and issued a $37.00 price objective on shares of Wolverine World Wide in a report on Monday, November 5th. Piper Jaffray Companies set a $38.00 price objective on Wolverine World Wide and gave the stock a “hold” rating in a report on Thursday, November 8th. ValuEngine upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Finally, Telsey Advisory Group decreased their target price on shares of Wolverine World Wide from $39.00 to $35.00 and set a “market perform” rating on the stock in a research note on Thursday, November 8th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Wolverine World Wide has a consensus rating of “Buy” and a consensus target price of $40.36.
NYSE:WWW opened at $35.33 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.75 and a current ratio of 2.65. Wolverine World Wide has a 52 week low of $27.93 and a 52 week high of $39.77. The stock has a market cap of $3.75 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.
Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, February 20th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Wolverine World Wide had a return on equity of 20.26% and a net margin of 4.45%. The company had revenue of $579.60 million for the quarter, compared to analysts’ expectations of $584.55 million. During the same period in the previous year, the firm posted $0.41 EPS. Wolverine World Wide’s revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Wolverine World Wide will post 2.15 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of Wolverine World Wide during the 3rd quarter valued at approximately $110,000. Huntington National Bank raised its position in shares of Wolverine World Wide by 77.2% during the 4th quarter. Huntington National Bank now owns 2,929 shares of the textile maker’s stock valued at $93,000 after buying an additional 1,276 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Wolverine World Wide by 110.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,148 shares of the textile maker’s stock valued at $201,000 after buying an additional 2,705 shares during the period. Raymond James & Associates purchased a new stake in shares of Wolverine World Wide during the 2nd quarter valued at approximately $205,000. Finally, GAM Holding AG purchased a new stake in shares of Wolverine World Wide during the 3rd quarter valued at approximately $271,000. 92.82% of the stock is currently owned by hedge funds and other institutional investors.
About Wolverine World Wide
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.
Read More: What Are Treasury Bonds?
Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.