Wolverine World Wide, Inc. (NYSE:WWW) had its price objective increased by Telsey Advisory Group from $29.00 to $30.00 in a report published on Thursday. They currently have a market perform rating on the textile maker’s stock.

A number of other equities analysts have also commented on the company. KeyCorp reissued a hold rating on shares of Wolverine World Wide in a research note on Wednesday, October 11th. BidaskClub lowered Wolverine World Wide from a buy rating to a hold rating in a research note on Thursday, July 13th. Morgan Stanley boosted their price objective on Wolverine World Wide from $22.50 to $24.50 and gave the stock an equal weight rating in a research note on Monday, September 25th. Robert W. Baird reissued a buy rating and issued a $32.00 price objective on shares of Wolverine World Wide in a research note on Sunday, September 17th. Finally, ValuEngine lowered Wolverine World Wide from a buy rating to a hold rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $25.65.

Shares of Wolverine World Wide (NYSE WWW) traded up $0.76 during mid-day trading on Thursday, reaching $27.75. The company had a trading volume of 1,229,957 shares, compared to its average volume of 784,731. The company has a current ratio of 3.09, a quick ratio of 1.95 and a debt-to-equity ratio of 0.74. The firm has a market cap of $2,670.00, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 1.38 and a beta of 0.94. Wolverine World Wide has a twelve month low of $20.94 and a twelve month high of $29.62.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business had revenue of $581.30 million for the quarter, compared to analyst estimates of $552.36 million. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. Wolverine World Wide’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. research analysts anticipate that Wolverine World Wide will post 1.62 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Wolverine World Wide, Inc. (WWW) Given New $30.00 Price Target at Telsey Advisory Group” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/11/wolverine-world-wide-inc-www-given-new-30-00-price-target-at-telsey-advisory-group.html.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 29th. Wolverine World Wide’s dividend payout ratio (DPR) is presently 40.00%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Wolverine World Wide by 32.0% during the third quarter. Wells Fargo & Company MN now owns 142,666 shares of the textile maker’s stock valued at $4,116,000 after acquiring an additional 34,555 shares during the period. Citadel Advisors LLC increased its holdings in Wolverine World Wide by 568.4% in the third quarter. Citadel Advisors LLC now owns 639,185 shares of the textile maker’s stock valued at $18,440,000 after purchasing an additional 543,559 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Wolverine World Wide by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 1,686,193 shares of the textile maker’s stock valued at $48,799,000 after purchasing an additional 191,771 shares during the last quarter. Legal & General Group Plc increased its holdings in Wolverine World Wide by 2.8% in the third quarter. Legal & General Group Plc now owns 233,017 shares of the textile maker’s stock valued at $6,724,000 after purchasing an additional 6,429 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Wolverine World Wide by 1.8% in the third quarter. Nordea Investment Management AB now owns 437,236 shares of the textile maker’s stock valued at $12,614,000 after purchasing an additional 7,734 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

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. 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)

Receive News & Stock Ratings for Wolverine World Wide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide Inc. and related stocks with our FREE daily email newsletter.