Wolverine World Wide (WWW) Getting Somewhat Favorable Press Coverage, Analysis Finds
News stories about Wolverine World Wide (NYSE:WWW) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wolverine World Wide earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 44.9224046029135 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Wolverine World Wide, Inc. (WWW) -Consumer Goods stock Movements Activity – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Wolverine World Wide, Inc. (WWW) estimated to achieve EPS growth of -93.10% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Are Wolverine World Wide, Inc. (WWW) and Hovnanian Enterprises, Inc. (HOV) Knocking out the Competition? – NMSU Nеws (nmsunews.com)
- US retailers, shoe companies urge Trump not to hit China with tariffs – Reuters (reuters.com)
- Zacks: Analysts Anticipate Wolverine World Wide, Inc. (WWW) Will Announce Quarterly Sales of $531.90 Million (americanbankingnews.com)
WWW has been the topic of several research reports. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Citigroup reiterated a “neutral” rating and issued a $32.00 price objective (up previously from $29.00) on shares of Wolverine World Wide in a research note on Monday, February 12th. Pivotal Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Friday, February 9th. DA Davidson upgraded shares of Wolverine World Wide from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus set a $34.00 price objective on shares of Wolverine World Wide and gave the company a “buy” rating in a research note on Saturday, December 16th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wolverine World Wide currently has an average rating of “Hold” and an average target price of $28.88.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, February 21st. The textile maker reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Wolverine World Wide had a net margin of 0.01% and a return on equity of 16.20%. The company had revenue of $578.60 million for the quarter, compared to analyst estimates of $579.87 million. During the same quarter in the prior year, the business posted $0.34 EPS. Wolverine World Wide’s quarterly revenue was down 20.7% on a year-over-year basis. research analysts forecast that Wolverine World Wide will post 2.02 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.08 per share. This is a positive change from Wolverine World Wide’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 29th. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. Wolverine World Wide’s dividend payout ratio is -800.00%.
In other news, insider James D. Zwiers sold 100,600 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $29.79, for a total transaction of $2,996,874.00. Following the transaction, the insider now owns 190,893 shares in the company, valued at approximately $5,686,702.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.65% of the company’s stock.
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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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