News stories about Wolverine World Wide (NYSE:WWW) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Wolverine World Wide earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the textile maker an impact score of 46.1856956602652 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- What Disney’s acquisition of 21st Century Fox could mean for the Marvel Universe (abcnews.go.com)
- Class-Action Lawsuit Filed Over Michigan Water Pollution (wateronline.com)
- Wolverine World Wide, Inc. (WWW) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Chemical contaminant found at sites across Michigan poses health and environmental risk (freep.com)
Shares of Wolverine World Wide (WWW) traded up $1.44 during midday trading on Friday, reaching $30.44. 2,012,400 shares of the company were exchanged, compared to its average volume of 783,383. The company has a market cap of $2,828.32, a price-to-earnings ratio of 18.95, a PEG ratio of 1.44 and a beta of 0.96. Wolverine World Wide has a 1-year low of $20.94 and a 1-year high of $30.51. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74.
Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $581.30 million during the quarter, compared to analyst estimates of $552.36 million. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. analysts predict that Wolverine World Wide will post 1.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.24 annualized dividend and a yield of 0.79%. Wolverine World Wide’s payout ratio is 40.00%.
WWW has been the topic of a number of analyst reports. TheStreet downgraded shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies restated a “hold” rating and issued a $25.00 price target on shares of Wolverine World Wide in a research note on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Wolverine World Wide in a research note on Wednesday, October 11th. Pivotal Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price target for the company from $32.00 to $33.00 in a research note on Wednesday, November 8th. Finally, Morgan Stanley raised their price target on shares of Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.65.
In other Wolverine World Wide news, insider Michael Jeppesen sold 11,807 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total transaction of $330,241.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $29.14, for a total transaction of $551,561.92. The disclosure for this sale can be found here. 5.65% of the stock is currently owned by company insiders.
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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.
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