Shares of Wolverine World Wide, Inc. (NYSE:WWW) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.86.

Several equities analysts have commented on WWW shares. BidaskClub lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Robert W. Baird upgraded shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $29.00 to $30.00 in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Saturday, May 13th. Piper Jaffray Companies restated a “hold” rating and issued a $24.00 target price on shares of Wolverine World Wide in a report on Friday, June 9th. Finally, ValuEngine lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.

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Shares of Wolverine World Wide (NYSE WWW) traded down 0.48% during trading on Tuesday, reaching $26.85. 308,578 shares of the company were exchanged. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 31.55 and a beta of 0.94. Wolverine World Wide has a 1-year low of $20.58 and a 1-year high of $28.64. The stock’s 50 day moving average is $26.90 and its 200 day moving average is $25.85.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The business had revenue of $598.80 million during the quarter, compared to analyst estimates of $573.78 million. During the same quarter last year, the business earned $0.26 earnings per share. Wolverine World Wide’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that Wolverine World Wide will post $1.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.89%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 28.24%.

A number of hedge funds have recently bought and sold shares of WWW. Glen Harbor Capital Management LLC increased its stake in Wolverine World Wide by 16.7% in the 1st quarter. Glen Harbor Capital Management LLC now owns 4,158 shares of the textile maker’s stock worth $104,000 after buying an additional 594 shares during the period. Bank of Montreal Can increased its stake in Wolverine World Wide by 15.1% in the 1st quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock worth $121,000 after buying an additional 635 shares during the period. Elkfork Partners LLC increased its stake in Wolverine World Wide by 16.7% in the 1st quarter. Elkfork Partners LLC now owns 5,292 shares of the textile maker’s stock worth $132,000 after buying an additional 756 shares during the period. Meadow Creek Investment Management LLC increased its stake in Wolverine World Wide by 16.7% in the 1st quarter. Meadow Creek Investment Management LLC now owns 6,426 shares of the textile maker’s stock worth $160,000 after buying an additional 918 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Wolverine World Wide in the 1st quarter worth about $198,000. 91.28% of the stock is currently owned by institutional investors.

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. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

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