Wolverine World Wide, Inc. (NYSE:WWW) – Stock analysts at KeyCorp lowered their Q3 2017 earnings per share estimates for Wolverine World Wide in a research note issued to investors on Wednesday. KeyCorp analyst E. Yruma now expects that the textile maker will earn $0.36 per share for the quarter, down from their prior forecast of $0.49. KeyCorp also issued estimates for Wolverine World Wide’s Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.60 EPS and Q1 2018 earnings at $0.45 EPS.

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded Wolverine World Wide from a “c+” rating to a “b” rating in a report on Wednesday, May 10th. Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Saturday, May 13th. BidaskClub upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. ValuEngine upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday. Finally, Piper Jaffray Companies restated a “hold” rating and set a $24.00 price objective on shares of Wolverine World Wide in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.71.

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Wolverine World Wide (WWW) opened at 25.94 on Friday. The company has a market cap of $2.51 billion, a P/E ratio of 29.44 and a beta of 0.94. Wolverine World Wide has a one year low of $20.58 and a one year high of $28.64. The company’s 50 day moving average price is $27.39 and its 200-day moving average price is $25.41.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. The company had revenue of $598.80 million during the quarter, compared to the consensus estimate of $573.78 million. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share.

Several large investors have recently modified their holdings of WWW. Glen Harbor Capital Management LLC boosted its stake in shares of Wolverine World Wide by 16.7% in the first quarter. Glen Harbor Capital Management LLC now owns 4,158 shares of the textile maker’s stock valued at $104,000 after buying an additional 594 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Wolverine World Wide by 15.1% in the first quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock valued at $121,000 after buying an additional 635 shares in the last quarter. Elkfork Partners LLC boosted its stake in shares of Wolverine World Wide by 16.7% in the first quarter. Elkfork Partners LLC now owns 5,292 shares of the textile maker’s stock valued at $132,000 after buying an additional 756 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Wolverine World Wide by 16.7% in the first quarter. Meadow Creek Investment Management LLC now owns 6,426 shares of the textile maker’s stock valued at $160,000 after buying an additional 918 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Wolverine World Wide during the first quarter valued at $198,000. Institutional investors and hedge funds own 91.72% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, September 29th. Wolverine World Wide’s dividend payout ratio is 28.24%.

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, Chaco footwear, and Sebago footwear and apparel; 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.

Earnings History and Estimates for Wolverine World Wide (NYSE:WWW)

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