Wolverine World Wide Inc. (NYSE:WWW) – Investment analysts at B. Riley boosted their Q3 2016 earnings estimates for Wolverine World Wide in a research note issued on Tuesday. B. Riley analyst M. Kummetz now forecasts that the brokerage will post earnings per share of $0.49 for the quarter, up from their prior estimate of $0.48. B. Riley has a “Neutral” rating and a $26.00 price objective on the stock. B. Riley also issued estimates for Wolverine World Wide’s Q4 2016 earnings at $0.32 EPS, FY2016 earnings at $1.35 EPS, FY2017 earnings at $1.65 EPS and FY2018 earnings at $1.85 EPS.

Several other analysts have also issued reports on the company. TheStreet raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st. Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, September 28th. Susquehanna started coverage on Wolverine World Wide in a report on Friday, August 12th. They set a “negative” rating and a $20.00 price target for the company. Telsey Advisory Group boosted their price target on Wolverine World Wide from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, July 27th. Finally, Argus reissued a “buy” rating on shares of Wolverine World Wide in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Wolverine World Wide presently 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 (NYSE:WWW) traded up 0.09% during trading on Wednesday, reaching $21.28. The company had a trading volume of 799,713 shares. Wolverine World Wide has a one year low of $14.74 and a one year high of $25.54. The firm’s 50 day moving average is $22.81 and its 200 day moving average is $21.12. The company has a market capitalization of $2.12 billion, a PE ratio of 21.56 and a beta of 0.76.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $603.70 million for the quarter, compared to analysts’ expectations of $631.09 million. Wolverine World Wide had a return on equity of 13.60% and a net margin of 3.81%. Wolverine World Wide’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS.

Large investors have recently modified their holdings of the stock. Janus Capital Management LLC increased 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 worth $203,525,000 after buying an additional 326,034 shares during the period. BlackRock Fund Advisors increased its stake in shares of Wolverine World Wide by 0.3% in the second quarter. BlackRock Fund Advisors now owns 6,484,419 shares of the company’s stock worth $131,763,000 after buying an additional 16,603 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $74,311,000 after buying an additional 914,713 shares during the period. Silvercrest Asset Management Group LLC increased its stake in shares of 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 worth $55,567,000 after buying an additional 885,400 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 worth $46,144,000 after buying an additional 21,251 shares during the period. Institutional investors and hedge funds 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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