News coverage about Wolverine World Wide (NYSE:WWW) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wolverine World Wide earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 46.9108226276108 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- $592.72 Million in Sales Expected for Wolverine World Wide, Inc. (WWW) This Quarter (americanbankingnews.com)
- Wolverine Boots – History, Philosophy, and Iconic Products (heddels.com)
- Consolidated Research: 2018 Summary Expectations for AECOM, Wolverine World … (markets.businessinsider.com)
- Wolverine World Wide, Inc. (WWW) Expected to Post Quarterly Sales of $592.72 Million (americanbankingnews.com)
- Wolverine World Wide, Inc. (WWW) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
WWW has been the subject of a number of recent analyst reports. Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Saturday, August 12th. ValuEngine raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Pivotal Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price target for the company from $32.00 to $33.00 in a report on Wednesday, November 8th. Robert W. Baird reaffirmed a “buy” rating and set a $32.00 price target on shares of Wolverine World Wide in a report on Sunday, September 17th. Finally, TheStreet cut Wolverine World Wide from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $25.65.
Wolverine World Wide (NYSE:WWW) traded down $0.17 during midday trading on Tuesday, hitting $28.56. The stock had a trading volume of 635,177 shares, compared to its average volume of 783,200. The firm has a market cap of $2,730.00, a PE ratio of 18.11, a P/E/G ratio of 1.38 and a beta of 0.94. Wolverine World Wide has a one year low of $20.94 and a one year high of $29.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 2.06.
Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The company had revenue of $581.30 million during the quarter, compared to analysts’ expectations of $552.36 million. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. equities research analysts forecast that Wolverine World Wide will post 1.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. Wolverine World Wide’s dividend payout ratio is currently 40.00%.
In other news, insider Michael Jeppesen sold 11,807 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total value of $330,241.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.65% of the stock is owned by company insiders.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.
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