Press coverage about Wolverine World Wide (NYSE:WWW) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wolverine World Wide earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 45.6805807522744 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Wolverine World Wide, Inc. (WWW) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Pivotal Research Begins Coverage on Wolverine World Wide, Inc. (WWW) Setting A Rating Of “Hold” – First News 24 (firstnewspaper24.com)
- Wolverine World Wide, Inc. (WWW) Receives “Hold” Rating from Pivotal Research (americanbankingnews.com)
- Corporate News Blog – Wolverine Worldwide Sells US Department Of Defense Footwear Business (finance.yahoo.com)
Wolverine World Wide (NYSE:WWW) opened at 28.73 on Wednesday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 33.76 and a beta of 0.98. Wolverine World Wide has a one year low of $20.58 and a one year high of $29.62. The stock has a 50 day moving average price of $27.39 and a 200 day moving average price of $26.32.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 2nd will be paid a $0.06 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.84%. Wolverine World Wide’s dividend payout ratio (DPR) is 28.24%.
A number of equities research analysts have weighed in on WWW shares. BidaskClub downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Robert W. Baird reaffirmed a “buy” rating and set a $32.00 price objective on shares of Wolverine World Wide in a report on Sunday, September 17th. Morgan Stanley lifted their price objective on Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a report on Monday, September 25th. ValuEngine downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Pivotal Research started coverage on Wolverine World Wide in a report on Thursday, October 5th. They set a “hold” rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.06.
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About Wolverine World Wide
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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