Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been given an average rating of “Hold” by the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $27.06.

Several research firms have recently issued reports on WWW. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Pivotal Research began coverage on shares of Wolverine World Wide in a research note on Thursday, October 5th. They set a “hold” rating and a $32.00 target price on the stock. Telsey Advisory Group increased their target price on shares of Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. Robert W. Baird reissued a “buy” rating and set a $32.00 target price on shares of Wolverine World Wide in a research note on Sunday, September 17th. Finally, Buckingham Research increased their target price on shares of Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th.

In related news, Director Joseph R. Gromek sold 18,928 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Jeppesen sold 11,807 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total transaction of $330,241.79. The disclosure for this sale can be found here. 5.65% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Wolverine World Wide by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 8,791,948 shares of the textile maker’s stock worth $246,262,000 after purchasing an additional 221,866 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Wolverine World Wide by 22.1% during the 3rd quarter. Victory Capital Management Inc. now owns 2,903,558 shares of the textile maker’s stock worth $83,768,000 after purchasing an additional 525,150 shares during the last quarter. State Street Corp raised its position in shares of Wolverine World Wide by 2.9% during the 2nd quarter. State Street Corp now owns 2,382,061 shares of the textile maker’s stock worth $66,719,000 after purchasing an additional 67,591 shares during the last quarter. FMR LLC raised its position in shares of Wolverine World Wide by 21.7% during the 2nd quarter. FMR LLC now owns 2,357,199 shares of the textile maker’s stock worth $66,025,000 after purchasing an additional 420,194 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Wolverine World Wide by 5.7% during the 2nd quarter. Northern Trust Corp now owns 2,009,729 shares of the textile maker’s stock worth $56,293,000 after purchasing an additional 107,517 shares during the last quarter. Hedge funds and other institutional investors own 92.48% of the company’s stock.

Wolverine World Wide (WWW) traded up $0.07 during trading hours on Monday, reaching $31.77. 685,431 shares of the company’s stock traded hands, compared to its average volume of 988,979. Wolverine World Wide has a one year low of $20.94 and a one year high of $32.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.06 and a current ratio of 3.09. The stock has a market capitalization of $3,020.00, a price-to-earnings ratio of 53.85, a price-to-earnings-growth ratio of 1.35 and a beta of 0.95.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Wolverine World Wide had a net margin of 3.92% and a return on equity of 9.10%. The business had revenue of $581.30 million for the quarter, compared to analyst estimates of $552.36 million. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. research analysts predict that Wolverine World Wide will post 1.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be given a dividend of $0.06 per share. The ex-dividend date is Friday, December 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 40.68%.

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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)

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