Needham & Company LLC reiterated their buy rating on shares of World Wrestling Entertainment Inc. (NYSE:WWE) in a research report released on Tuesday morning. Needham & Company LLC currently has a $25.00 target price on the stock.

A number of other research firms have also recently commented on WWE. Zacks Investment Research cut shares of World Wrestling Entertainment from a hold rating to a sell rating in a research report on Tuesday, September 27th. Wells Fargo & Co. restated a buy rating on shares of World Wrestling Entertainment in a research report on Tuesday, July 12th. Pacific Crest restated an overweight rating and issued a $22.00 price objective on shares of World Wrestling Entertainment in a research report on Monday, August 1st. Benchmark Co. restated a buy rating and issued a $21.86 price objective on shares of World Wrestling Entertainment in a research report on Monday, August 1st. Finally, TheStreet cut shares of World Wrestling Entertainment from a buy rating to a hold rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $21.54.

Shares of World Wrestling Entertainment (NYSE:WWE) opened at 20.86 on Tuesday. The company’s 50-day moving average price is $20.61 and its 200-day moving average price is $18.73. World Wrestling Entertainment has a 52-week low of $14.20 and a 52-week high of $21.55. The firm has a market cap of $1.59 billion, a PE ratio of 67.07 and a beta of 0.76.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.02. World Wrestling Entertainment had a net margin of 3.40% and a return on equity of 13.38%. The firm earned $199 million during the quarter, compared to the consensus estimate of $182.56 million. During the same quarter in the prior year, the company earned $0.07 EPS. World Wrestling Entertainment’s quarterly revenue was up 32.5% on a year-over-year basis. Equities analysts expect that World Wrestling Entertainment will post $0.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Thursday, September 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.48 annualized dividend and a yield of 2.30%. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 154.84%.

In other World Wrestling Entertainment news, insider Michael J. Luisi sold 14,251 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $19.82, for a total transaction of $282,454.82. Following the completion of the sale, the insider now directly owns 64,375 shares in the company, valued at $1,275,912.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Casey Collins sold 11,071 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $20.21, for a total transaction of $223,744.91. Following the sale, the executive vice president now owns 37,956 shares of the company’s stock, valued at $767,090.76. The disclosure for this sale can be found here. 55.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Mason Street Advisors LLC bought a new stake in shares of World Wrestling Entertainment during the second quarter valued at about $123,000. Bbva Compass Bancshares Inc. bought a new stake in shares of World Wrestling Entertainment during the second quarter valued at about $197,000. BNP Paribas Arbitrage SA increased its stake in shares of World Wrestling Entertainment by 99.3% in the second quarter. BNP Paribas Arbitrage SA now owns 11,396 shares of the company’s stock valued at $210,000 after buying an additional 5,678 shares during the period. First Manhattan Co. increased its stake in shares of World Wrestling Entertainment by 3.9% in the first quarter. First Manhattan Co. now owns 15,904 shares of the company’s stock valued at $280,000 after buying an additional 595 shares during the period. Finally, Sterling Capital Management LLC bought a new stake in shares of World Wrestling Entertainment during the second quarter valued at about $296,000. Hedge funds and other institutional investors own 47.54% of the company’s stock.

About World Wrestling Entertainment

World Wrestling Entertainment, Inc (WWE) is a media and entertainment company. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

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