Wolverine World Wide Inc. (NYSE:WWW) – Equities research analysts at DA Davidson dropped their FY2016 earnings per share estimates for shares of Wolverine World Wide in a research note issued on Wednesday. DA Davidson analyst A. Burns now anticipates that the firm will post earnings of $1.36 per share for the year, down from their prior forecast of $1.37. DA Davidson also issued estimates for Wolverine World Wide’s Q4 2016 earnings at $0.34 EPS.

A number of other equities analysts have also recently weighed in on the company. TheStreet raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Susquehanna raised Wolverine World Wide from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $18.00 to $25.00 in a research note on Thursday, July 7th. Zacks Investment Research cut Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. B. Riley reissued a “neutral” rating and issued a $22.00 price target on shares of Wolverine World Wide in a research note on Wednesday, July 20th. Finally, Telsey Advisory Group lifted their price target on Wolverine World Wide from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Wolverine World Wide currently has an average rating of “Hold” and a consensus price target of $21.30.

Earnings History and Estimates for Wolverine World Wide (NYSE:WWW)

Wolverine World Wide (NYSE:WWW) traded up 0.62% on Friday, reaching $22.57. 484,761 shares of the company traded hands. The firm has a 50 day moving average price of $23.04 and a 200 day moving average price of $20.99. Wolverine World Wide has a 52-week low of $14.74 and a 52-week high of $25.54. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 22.87 and a beta of 0.76.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Wolverine World Wide had a net margin of 3.81% and a return on equity of 13.60%. The firm had revenue of $583.70 million for the quarter, compared to analyst estimates of $578.99 million. During the same quarter last year, the firm posted $0.27 earnings per share. Wolverine World Wide’s revenue for the quarter was down 7.4% compared to the same quarter last year.

Several large investors have recently made changes to their positions in the stock. Janus Capital Management LLC raised its stake in shares of Wolverine World Wide by 3.4% in the second quarter. Janus Capital Management LLC now owns 10,016,011 shares of the company’s stock valued at $203,525,000 after buying an additional 326,034 shares in the last quarter. BlackRock Fund Advisors raised its stake in Wolverine World Wide by 0.3% in the second quarter. BlackRock Fund Advisors now owns 6,484,419 shares of the company’s stock valued at $131,763,000 after buying an additional 16,603 shares during the period. Dimensional Fund Advisors LP raised its stake in Wolverine World Wide by 33.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,657,058 shares of the company’s stock valued at $74,311,000 after buying an additional 914,713 shares during the period. Silvercrest Asset Management Group LLC raised its stake in Wolverine World Wide by 47.9% in the second quarter. Silvercrest Asset Management Group LLC now owns 2,734,636 shares of the company’s stock valued at $55,567,000 after buying an additional 885,400 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Wolverine World Wide by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,505,128 shares of the company’s stock valued at $46,144,000 after buying an additional 21,251 shares during the period. Institutional investors and hedge funds own 89.69% 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. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors.

5 Day Chart for NYSE:WWW

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