Wolverine World Wide Inc. (NYSE:WWW) issued its earnings results on Tuesday. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Wolverine World Wide had a net margin of 3.81% and a return on equity of 13.60%. The company had revenue of $603.70 million for the quarter, compared to analyst estimates of $631.09 million.

Wolverine World Wide (NYSE:WWW) opened at 22.04 on Tuesday. The company’s 50 day moving average is $22.91 and its 200 day moving average is $21.09. Wolverine World Wide has a 52 week low of $14.74 and a 52 week high of $25.54. The stock has a market cap of $2.19 billion, a P/E ratio of 22.33 and a beta of 0.76.

Earnings History for Wolverine World Wide (NYSE:WWW)

A number of hedge funds have recently modified their holdings of WWW. United Services Automobile Association increased its stake in 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. Janus Capital Management LLC increased its stake in 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 worth $203,525,000 after buying an additional 326,034 shares during the period. Brant Point Investment Management LLC bought a new stake in Wolverine World Wide during the second quarter worth approximately $6,456,000. State of Wisconsin Investment Board increased its stake in 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. Finally, EverPoint Asset Management LLC bought a new stake in Wolverine World Wide during the second quarter worth approximately $2,545,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

WWW has been the topic of several recent analyst reports. B. Riley restated a “neutral” rating and set a $22.00 target price on shares of Wolverine World Wide in a research report on Monday, July 25th. Susquehanna upgraded shares of Wolverine World Wide from a “neutral” rating to a “positive” rating and upped their target price for the stock from $18.00 to $25.00 in a research report on Thursday, July 7th. Zacks Investment Research lowered shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. Telsey Advisory Group upped their target price on shares of Wolverine World Wide from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Finally, TheStreet upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.30.

Wolverine World Wide Company Profile

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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