Pivotal Research upgraded shares of Wolverine World Wide, Inc. (NYSE:WWW) from a hold rating to a buy rating in a research report released on Wednesday, MarketBeat.com reports. They currently have $33.00 price target on the textile maker’s stock, up from their previous price target of $32.00.

Several other analysts have also weighed in on WWW. BidaskClub lowered shares of Wolverine World Wide from a buy rating to a hold rating in a research note on Thursday, July 13th. ValuEngine lowered shares of Wolverine World Wide from a buy rating to a hold rating in a research note on Tuesday, August 1st. Piper Jaffray Companies set a $25.00 price target on shares of Wolverine World Wide and gave the company a hold rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Wolverine World Wide from a hold rating to a buy rating and set a $29.00 price target for the company in a research note on Saturday, August 12th. Finally, Robert W. Baird restated a buy rating and set a $32.00 price target on shares of Wolverine World Wide in a research note on Sunday, September 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $25.65.

Shares of Wolverine World Wide (NYSE:WWW) opened at $27.75 on Wednesday. The firm has a market cap of $2,582.42, a price-to-earnings ratio of 17.30, a PEG ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 1.95. Wolverine World Wide has a one year low of $20.94 and a one year high of $29.62.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The company 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%. Wolverine World Wide’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. analysts expect that Wolverine World Wide will post 1.63 earnings per share for the current fiscal year.

WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.watchlistnews.com/wolverine-world-wide-inc-www-upgraded-at-pivotal-research/1695028.html.

The company also recently disclosed 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, December 29th. Wolverine World Wide’s dividend payout ratio is 40.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ronna Sue Cohen boosted its holdings in Wolverine World Wide by 0.3% during the 2nd quarter. Ronna Sue Cohen now owns 8,362 shares of the textile maker’s stock worth $234,000 after acquiring an additional 21 shares during the last quarter. Bank of Montreal Can boosted its holdings in Wolverine World Wide by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock worth $138,000 after acquiring an additional 64 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Wolverine World Wide by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,500 shares of the textile maker’s stock worth $1,106,000 after acquiring an additional 100 shares during the last quarter. Amalgamated Bank boosted its holdings in Wolverine World Wide by 1.9% during the 2nd quarter. Amalgamated Bank now owns 13,330 shares of the textile maker’s stock worth $373,000 after acquiring an additional 246 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Wolverine World Wide by 1.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock worth $640,000 after acquiring an additional 360 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Wolverine World Wide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.