Wolverine World Wide, Inc. (NYSE:WWW) Receives $20.25 Average Price Target from Brokerages

Shares of Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.25.

Several research analysts have commented on WWW shares. Piper Sandler decreased their price target on shares of Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Robert W. Baird cut their price target on shares of Wolverine World Wide from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $23.00 price objective on shares of Wolverine World Wide in a report on Wednesday, February 19th. UBS Group dropped their target price on Wolverine World Wide from $29.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, StockNews.com cut Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th.

Wolverine World Wide Stock Performance

Shares of WWW stock traded down $0.07 on Friday, hitting $10.68. 40,574 shares of the stock were exchanged, compared to its average volume of 1,448,299. The firm has a market capitalization of $865.62 million, a PE ratio of 19.49 and a beta of 1.74. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm's 50 day moving average is $14.41 and its two-hundred day moving average is $18.62. Wolverine World Wide has a one year low of $9.35 and a one year high of $24.64.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The business had revenue of $494.70 million for the quarter, compared to the consensus estimate of $485.74 million. During the same quarter last year, the business posted ($0.30) earnings per share. The company's revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide's dividend payout ratio is presently 72.73%.

Institutional Trading of Wolverine World Wide

A number of institutional investors and hedge funds have recently bought and sold shares of WWW. JPMorgan Chase & Co. raised its holdings in Wolverine World Wide by 70.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker's stock worth $53,854,000 after acquiring an additional 998,916 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Wolverine World Wide by 5.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker's stock worth $37,091,000 after purchasing an additional 86,475 shares during the last quarter. Savant Capital LLC bought a new position in shares of Wolverine World Wide during the fourth quarter valued at $205,000. Pacer Advisors Inc. purchased a new stake in shares of Wolverine World Wide during the fourth quarter valued at $64,943,000. Finally, Amundi increased its holdings in Wolverine World Wide by 161.5% in the 4th quarter. Amundi now owns 47,074 shares of the textile maker's stock worth $1,067,000 after buying an additional 29,072 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors.

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.