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Wolverine World Wide Stock Price, News & Analysis (NYSE:
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Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids footwear; industrial work boots and apparel; and uniform shoes and boots.
Industry, Sector and SymbolStock ExchangeNYSEIndustryFootwear, except rubberSub-IndustryFootwearSectorConsumer DiscretionaryCurrent SymbolNYSE:Previous SymbolCUSIP97809710CIK110471WebPhoneDebtDebt-to-Equity Ratio0.68Current Ratio1.25Quick Ratio0.70Price-To-EarningsTrailing P/E Ratio12.66Forward P/E Ratio12.05P/E GrowthN/ASales & Book ValueAnnual Sales$2.24 billionPrice / Sales1.05Cash Flow$2.55 per sharePrice / Cash Flow10.79Book Value$10.46 per sharePrice / Book2.63ProfitabilityEPS (Most Recent Fiscal Year)$2.17Net Income$200.10 millionNet Margins8.02%Return on Equity21.21%Return on Assets8.78%MiscellaneousEmployees3,700Outstanding Shares85,250,000Market Cap$2.34 billionNext Earnings Date11/6/2019 (Estimated)OptionableOptionableWWW Ratesby TradingViewReceive WWW News and Ratings via Email
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Wolverine World Wide (NYSE:WWW) Frequently Asked QuestionsWhat is Wolverine World Wides stock symbol?
Wolverine World Wide trades on the New York Stock Exchange (NYSE) under the ticker symbol WWW.
Wolverine World Wide announced a quarterly dividend on Thursday, August 1st. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.10 per share on Friday, November 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, September 30th.View Wolverine World Wides Dividend History.
Wolverine World Wide declared that its Board of Directors has approved a stock buyback plan on Wednesday, September 11th 2019, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 17.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the companys board of directors believes its shares are undervalued.
Wolverine World Wide, Inc. (NYSE:WWW) released its quarterly earnings data on Wednesday, August, 7th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks consensus estimate of $0.50 by $0.02. The textile maker had revenue of $568.60 million for the quarter, compared to the consensus estimate of $575.24 million. Wolverine World Wide had a return on equity of 21.21% and a net margin of 8.02%. The companys quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share.View Wolverine World Wides Earnings History.
Wolverine World Wide is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019.View Earnings Estimates for Wolverine World Wide.
Wolverine World Wide issued an update on its FY19 earnings guidance on Wednesday, August, 7th. The company provided EPS guidance of ~$2.28 for the period, compared to the Thomson Reuters consensus estimate of $2.28. The company issued revenue guidance of ~$2.28 billion, compared to the consensus revenue estimate of $2.30 billion.
8 brokerages have issued twelve-month price objectives for Wolverine World Wides shares. Their forecasts range from $29.19 to $41.00. On average, they anticipate Wolverine World Wides stock price to reach $36.02 in the next year. This suggests a possible upside of 31.2% from the stocks current price.View Analyst Price Targets for Wolverine World Wide.
8 Wall Street analysts have issued buy, hold, and sell ratings for Wolverine World Wide in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of Buy.View Analyst Ratings for Wolverine World Wide.
What are Wall Street analysts saying about Wolverine World Wide stock?
Here are some recent quotes from research analysts about Wolverine World Wide stock:
1. Pivotal Research analysts commented, We are modeling 2Q sales at the low end of guidance, below consensus, and EPS in line with guidance/consensus. We believe 2Q was a challenging backdrop for WWW, and we suspect the company suffered from weak reorders in the quarter. We are also modeling FY19 sales at the low end of guidance, below consensus, and EPS at the midpoint of guidance and in line with consensus. At best, we believe WWW will reiterate its FY19 guidance. The guidance implies 2H sales growth of 4%-8%, with MTeens%, respectively. We dont doubt that backlog is healthy for these brands, but WWW is up against tough 4Q comparisons for Merrell (+DD% ly), Sperry (+HSD% ly) and boots in general. We lack confidence in WWWs ability to lap these tough comparisons, as we believe that 4Q18 results were aided by unusually favorable weather last year. (8/2/2019)
2. According to Zacks Investment Research, Wolverine has lagged the industry in the past six months. The companys top line has been declining due to store closures and portfolio changes made earlier in 2017. Going ahead, Management expects first-quarter 2019 performance to be impaired by challenges in the Saucony business, soft demand for Wolverine Leathers, industry bankruptcies as well as reduced demand from few international partners. Also, the company is exposed to significant currency risks. On the flip side, Wolverines bottom line record is a breather. The companys earnings surpassed the consensus mark and surged 26.8% in the fourth quarter of 2018. Further, it is progressing well with the GLOBAL GROWTH AGENDA, which focuses on empowering brands, augmenting the digital platform and growing internationally. (4/22/2019)
Has Wolverine World Wide been receiving favorable news coverage?
Media headlines about WWW stock have been trending somewhat negative on Thursday, according to InfoTrie. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wolverine World Wide earned a daily sentiment score of -1.8 on InfoTries scale. They also gave news articles about the textile maker a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the companys share price in the next few days.View News Stories for Wolverine World Wide.
Wolverine World Wide saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,737,900 shares, an increase of 20.6% from the July 31st total of 3,929,300 shares. Based on an average trading volume of 852,800 shares, the days-to-cover ratio is currently 5.6 days. Approximately 5.7% of the companys shares are sold short.View Wolverine World Wides Current Options Chain.
Some companies that are related to Wolverine World Wide includeSkechers USA (SKX)Steven Madden (SHOO)Caleres (CAL)Rocky Brands (RCKY)Iconix Brand Group (ICON)Phoenix Footwear Group (PXFG)andExceed (EDSFF).
Based on aggregate information from My MarketBeat watchlists, some companies that other Wolverine World Wide investors own includeWendys (WEN)Walgreens Boots Alliance (WBA)Carnival (ccl)Xerox (XRX)Cheesecake Factory (CAKE)Fifth Third Bancorp (FITB)Conduent (CNDT)Andersons (ANDE)AON (AON)andPaychex (PAYX).
Who are Wolverine World Wides key executives?
Wolverine World Wides management team includes the folowing people:
Pres of Global Operations Group & Wolverine Heritage Group
Who are Wolverine World Wides major shareholders?
Wolverine World Wides stock is owned by many different of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%). Company insiders that own Wolverine World Wide stock include Amy M Klimek, Brenda J Lauderback, David T Kollat, James D Zwiers, Jeffrey M Boromisa, Joseph R Gromek, Michael D Stornant, Michael Jeppesen, Richard Woodworth and William K Gerber.View Institutional Ownership Trends for Wolverine World Wide.
WWW stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.View Insider Buying and Selling for Wolverine World Wide.
Shares of WWW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
One share of WWW stock can currently be purchased for approximately $27.46.
Wolverine World Wide has a market capitalization of $2.34 billion and generates $2.24 billion in revenue each year. The textile maker earns $200.10 million in net income (profit) each year or $2.17 on an earnings per share basis. Wolverine World Wide employs 3,700 workers across the globe.View Additional Information About Wolverine World Wide.
The official website for Wolverine World Wide is
Wolverine World Wides mailing address is 9341 COURTLAND DRIVE N.E., ROCKFORD MI, 49351. The textile maker can be reached via phone at or via email at[emailprotected]
MarketBeat Community Rating for Wolverine World Wide (NYSE WWW)
MarketBeats community ratings are surveys of what our community members think about Wolverine World Wide and other stocks. Vote Outperform if you believe
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