World Wrestling Entertainment (NYSE:WWE) had its target price upped by equities research analysts at Wolfe Research from $105.00 to $157.00 in a report released on Friday, The Fly reports. Wolfe Research’s price objective points to a potential upside of 73.23% from the company’s previous close.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of World Wrestling Entertainment to $95.00 and gave the stock an “overweight” rating in a research note on Friday, February 8th. KeyCorp set a $104.00 target price on shares of World Wrestling Entertainment and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Monday, January 21st. Loop Capital started coverage on shares of World Wrestling Entertainment in a report on Friday, December 21st. They issued a “hold” rating and a $85.00 price target for the company. Finally, Guggenheim increased their price target on shares of World Wrestling Entertainment from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 28th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $99.31.

WWE stock opened at $90.63 on Friday. World Wrestling Entertainment has a one year low of $34.69 and a one year high of $97.69. The firm has a market capitalization of $6.83 billion, a PE ratio of 80.92 and a beta of 1.36. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.08.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, February 7th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.14. World Wrestling Entertainment had a net margin of 10.71% and a return on equity of 34.02%. The company had revenue of $272.50 million during the quarter, compared to analysts’ expectations of $255.01 million. During the same quarter last year, the business earned $0.20 EPS. The business’s revenue was up 28.8% on a year-over-year basis. As a group, research analysts expect that World Wrestling Entertainment will post 1.24 EPS for the current year.

In other World Wrestling Entertainment news, insider George A. Barrios sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $83.80, for a total transaction of $3,352,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George A. Barrios sold 37,500 shares of the firm’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $70.61, for a total transaction of $2,647,875.00. Following the transaction, the insider now owns 356,946 shares of the company’s stock, valued at $25,203,957.06. The disclosure for this sale can be found here. Insiders sold a total of 137,500 shares of company stock valued at $10,891,075 in the last quarter. Insiders own 43.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in World Wrestling Entertainment by 1.1% during the 4th quarter. BlackRock Inc. now owns 5,331,594 shares of the company’s stock valued at $398,376,000 after acquiring an additional 58,542 shares in the last quarter. FMR LLC increased its holdings in World Wrestling Entertainment by 529,456.5% during the 4th quarter. FMR LLC now owns 1,011,453 shares of the company’s stock valued at $75,576,000 after acquiring an additional 1,011,262 shares in the last quarter. Geode Capital Management LLC increased its holdings in World Wrestling Entertainment by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 504,124 shares of the company’s stock valued at $37,668,000 after acquiring an additional 71,849 shares in the last quarter. Samlyn Capital LLC purchased a new position in World Wrestling Entertainment during the 4th quarter valued at about $32,140,000. Finally, Norges Bank purchased a new position in World Wrestling Entertainment during the 4th quarter valued at about $31,712,000. Hedge funds and other institutional investors own 63.21% of the company’s stock.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.

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Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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