Wolverine World Wide (WWW) Receiving Somewhat Positive Press Coverage, Analysis Shows

Media headlines about Wolverine World Wide (NYSE:WWW) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wolverine World Wide earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 45.8975519157026 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Saturday, August 12th. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $25.00 price target on shares of Wolverine World Wide and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Pivotal Research assumed coverage on shares of Wolverine World Wide in a research report on Thursday, October 5th. They set a “hold” rating and a $32.00 price target on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $32.00 price target on shares of Wolverine World Wide in a research report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Wolverine World Wide currently has a consensus rating of “Hold” and an average target price of $25.06.

Wolverine World Wide (NYSE:WWW) traded down $0.21 during trading hours on Friday, hitting $26.59. 818,360 shares of the company’s stock traded hands, compared to its average volume of 676,397. The stock has a market capitalization of $2,589.84, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 1.95, a current ratio of 2.81 and a debt-to-equity ratio of 0.75.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The firm had revenue of $598.80 million for the quarter, compared to the consensus estimate of $573.78 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. analysts anticipate that Wolverine World Wide will post 1.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be issued a $0.06 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. Wolverine World Wide’s dividend payout ratio is currently 28.24%.

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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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