Somewhat Positive Press Coverage Somewhat Unlikely to Affect Wolverine World Wide (WWW) Share Price
Media headlines about Wolverine World Wide (NYSE:WWW) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wolverine World Wide earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 45.0396179567003 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Chemical contaminant found at sites across Michigan poses health and environmental risk (freep.com)
- Class Action lawsuit filed against Wolverine Worldwide and 3M – Rockford Squire (rockfordsquire.com)
- Wolverine World Wide, Inc. (WWW) Reaches $29.93 52-Week High; Glowpoint (NYSEAMERICAN:GLOW) Shorts … – Hill Country Times (hillcountrytimes.com)
- Wolverine World Wide Shows Rising Relative Price Performance; Still Shy Of Key Benchmark (finance.yahoo.com)
- $592.72 Million in Sales Expected for Wolverine World Wide, Inc. (WWW) This Quarter (americanbankingnews.com)
WWW has been the subject of a number of recent research reports. ValuEngine cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Morgan Stanley lifted their price objective on shares of 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. Pivotal Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $33.00 in a research note on Wednesday, November 8th. Piper Jaffray Companies reissued a “hold” rating and issued a $25.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Wolverine World Wide in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Wolverine World Wide currently has a consensus rating of “Hold” and an average target price of $25.65.
Wolverine World Wide (NYSE:WWW) traded up $0.34 during mid-day trading on Wednesday, hitting $29.56. 560,430 shares of the company were exchanged, compared to its average volume of 778,293. Wolverine World Wide has a 52-week low of $20.94 and a 52-week high of $29.99. 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 cap of $2,830.00, a PE ratio of 18.89, a PEG ratio of 1.44 and a beta of 0.96.
Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm had revenue of $581.30 million during the quarter, compared to analysts’ expectations of $552.36 million. During the same period in the previous year, the company earned $0.49 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. equities research analysts predict that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. Wolverine World Wide’s dividend payout ratio is presently 40.00%.
In related news, Director Joseph R. Gromek sold 18,928 shares of Wolverine World Wide 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Jeppesen sold 11,807 shares of Wolverine World Wide 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 currently owned by insiders.
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Wolverine World Wide Company Profile
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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