Wolverine World Wide Inc. (NYSE:WWW) updated its FY16 earnings guidance on Tuesday. The company provided EPS guidance of $1.30-1.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.36. The company issued revenue guidance of $2.475-2.575 billion, compared to the consensus revenue estimate of $2.54 billion.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Wolverine World Wide from a buy rating to a hold rating in a research report on Saturday. B. Riley restated a neutral rating and set a $26.00 target price on shares of Wolverine World Wide in a research report on Friday. Susquehanna began coverage on Wolverine World Wide in a research report on Friday, August 12th. They set a negative rating and a $20.00 price target on the stock. Argus reissued a buy rating on shares of Wolverine World Wide in a research report on Wednesday, August 3rd. Finally, Telsey Advisory Group upped their price target on Wolverine World Wide from $20.00 to $23.00 and gave the company a market perform rating in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Wolverine World Wide currently has a consensus rating of Hold and a consensus price target of $21.30.

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

Wolverine World Wide Inc. (NYSE:WWW) opened at 22.04 on Tuesday. The stock has a 50 day moving average price of $22.91 and a 200 day moving average price of $21.09. Wolverine World Wide Inc. has a 1-year low of $14.74 and a 1-year high of $25.54. The company has a market cap of $2.19 billion, a PE ratio of 22.33 and a beta of 0.76.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Tuesday, October 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Wolverine World Wide had a return on equity of 13.60% and a net margin of 3.81%. The firm earned $603.70 million during the quarter, compared to analysts’ expectations of $628.29 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was down 11.1% on a year-over-year basis. Equities analysts forecast that Wolverine World Wide Inc. will post $1.37 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Teachers Advisors Inc. raised its stake in shares of Wolverine World Wide by 1.8% in the second quarter. Teachers Advisors Inc. now owns 155,065 shares of the company’s stock worth $3,151,000 after buying an additional 2,700 shares during the period. United Services Automobile Association raised its stake in shares of Wolverine World Wide by 2,040.3% in the second quarter. United Services Automobile Association now owns 528,235 shares of the company’s stock worth $10,734,000 after buying an additional 503,555 shares during the period. State of Wisconsin Investment Board raised its stake in shares of Wolverine World Wide by 22.4% in the second quarter. State of Wisconsin Investment Board now owns 749,743 shares of the company’s stock worth $15,235,000 after buying an additional 137,000 shares during the period. Cipher Capital LP raised its stake in shares of Wolverine World Wide by 26.3% in the second quarter. Cipher Capital LP now owns 106,326 shares of the company’s stock worth $2,161,000 after buying an additional 22,117 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Wolverine World Wide by 0.8% in the second quarter. Franklin Resources Inc. now owns 1,264,554 shares of the company’s stock worth $25,696,000 after buying an additional 9,647 shares during the period. Institutional investors own 89.66% 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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