Wolverine World Wide, Inc. (NYSE:WWW) Given Average Rating of “Hold” by Brokerages

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $11.67.

A number of brokerages recently issued reports on WWW. Williams Trading upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $16.00 in a report on Thursday, May 9th. UBS Group upped their price objective on shares of Wolverine World Wide from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Robert W. Baird lifted their target price on Wolverine World Wide from $9.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price target on shares of Wolverine World Wide in a report on Wednesday, May 8th. Finally, Seaport Res Ptn upgraded Wolverine World Wide from a “neutral” rating to a “buy” rating in a report on Monday, May 6th.

Insider Transactions at Wolverine World Wide

In other news, insider Isabel Soriano sold 3,201 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $13.89, for a total value of $44,461.89. Following the sale, the insider now owns 26,519 shares of the company’s stock, valued at $368,348.91. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.28% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new position in shares of Wolverine World Wide in the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new position in Wolverine World Wide in the first quarter valued at approximately $81,000. Natixis acquired a new position in Wolverine World Wide during the first quarter worth $112,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Wolverine World Wide in the 3rd quarter valued at about $93,000. Finally, EntryPoint Capital LLC bought a new stake in Wolverine World Wide in the first quarter valued at approximately $141,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Price Performance

NYSE:WWW opened at $13.87 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.65 and a current ratio of 1.13. Wolverine World Wide has a 12-month low of $7.21 and a 12-month high of $15.09. The stock’s fifty day simple moving average is $12.35 and its 200-day simple moving average is $10.37.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, May 8th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $394.90 million for the quarter, compared to analysts’ expectations of $360.31 million. Wolverine World Wide had a positive return on equity of 0.53% and a negative net margin of 3.59%. On average, equities analysts predict that Wolverine World Wide will post 0.8 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, July 1st. Wolverine World Wide’s payout ratio is -43.01%.

Wolverine World Wide Company Profile

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.