News coverage about Wolverine World Wide (NYSE:WWW) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wolverine World Wide earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 46.4470513766014 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Wolverine World Wide (NYSE:WWW) traded down $0.20 during trading on Monday, hitting $33.39. 715,146 shares of the stock were exchanged, compared to its average volume of 787,705. Wolverine World Wide has a 12 month low of $20.94 and a 12 month high of $33.82. The stock has a market cap of $3,190.00, a PE ratio of 56.59, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95. The company has a quick ratio of 2.06, a current ratio of 3.09 and a debt-to-equity ratio of 0.74.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The company had revenue of $581.30 million during the quarter, compared to analysts’ expectations of $552.36 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. analysts predict that Wolverine World Wide will post 1.64 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Pivotal Research assumed coverage on shares of Wolverine World Wide in a report on Thursday, October 5th. They issued a “hold” rating and a $32.00 price target on the stock. Telsey Advisory Group upped their price objective on shares of Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Buckingham Research upped their price objective on shares of Wolverine World Wide from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, November 8th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.25.
In other Wolverine World Wide news, Director Joseph R. Gromek sold 18,928 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Jeppesen sold 11,807 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total transaction of $330,241.79. The disclosure for this sale can be found here. Corporate insiders own 5.65% of the company’s stock.
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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