Wolverine World Wide, Inc. (NYSE:WWW) Given Consensus Recommendation of “Hold” by Analysts

Wolverine World Wide, Inc. (NYSE:WWWGet Rating) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.00.

A number of equities research analysts have issued reports on the company. CL King cut Wolverine World Wide from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 9th. Telsey Advisory Group cut their price objective on shares of Wolverine World Wide from $23.00 to $15.00 and set a “market perform” rating on the stock in a research report on Thursday, November 10th. StockNews.com began coverage on shares of Wolverine World Wide in a research note on Wednesday, October 12th. They set a “hold” rating for the company. UBS Group dropped their price target on shares of Wolverine World Wide from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Piper Sandler reiterated an “overweight” rating and set a $30.00 price objective on shares of Wolverine World Wide in a research report on Tuesday, July 26th.

Institutional Trading of Wolverine World Wide

Hedge funds and other institutional investors have recently modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its holdings in Wolverine World Wide by 40.4% during the first quarter. Diamond Hill Capital Management Inc. now owns 3,366,101 shares of the textile maker’s stock worth $75,939,000 after buying an additional 969,207 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Wolverine World Wide by 105.8% during the 2nd quarter. Sei Investments Co. now owns 1,630,450 shares of the textile maker’s stock worth $32,870,000 after acquiring an additional 838,060 shares in the last quarter. Select Equity Group L.P. acquired a new position in shares of Wolverine World Wide in the 1st quarter worth $16,264,000. Fisher Asset Management LLC acquired a new stake in shares of Wolverine World Wide during the third quarter worth $6,900,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Wolverine World Wide by 4.2% during the first quarter. Vanguard Group Inc. now owns 9,388,933 shares of the textile maker’s stock valued at $211,815,000 after purchasing an additional 381,825 shares during the last quarter. Institutional investors own 99.00% of the company’s stock.

Wolverine World Wide Trading Down 4.7 %

Shares of NYSE WWW opened at $10.56 on Friday. Wolverine World Wide has a 12-month low of $10.39 and a 12-month high of $34.58. The company has a market cap of $831.65 million, a price-to-earnings ratio of 5.42 and a beta of 1.71. The company has a current ratio of 1.17, a quick ratio of 0.50 and a debt-to-equity ratio of 1.08. The stock’s 50 day simple moving average is $16.37 and its 200 day simple moving average is $19.28.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Monday, January 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Thursday, December 29th. Wolverine World Wide’s payout ratio is currently 20.51%.

Wolverine World Wide Company Profile

(Get Rating)

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. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group.

Featured Articles

Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.