Wolverine World Wide (WWW) Getting Somewhat Positive Press Coverage, Study Shows
Media stories about Wolverine World Wide (NYSE:WWW) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. 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 0.08 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 47.0726356880712 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Wolverine World Wide announces hurricane relief efforts (hollandsentinel.com)
- Wolverine Worldwide Will Be Sending More Than 35,000 Footwear and Clothing Items for Hurricane Harvey Relief Efforts (footwearnews.com)
- Staples, Inc. (SPLS) noted a price change of 0.29% and Wolverine World Wide, Inc. (WWW) closes with a move of 0.71% – Stocks Gallery (stocksgallery.com)
- Tannery waste dumped at landfill tied to municipal water pollution – MLive.com (mlive.com)
- Wolverine World Wide Trying To Close In On Key Technical Measure (finance.yahoo.com)
Several research analysts have recently issued reports on the stock. 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 report on Saturday, August 12th. ValuEngine upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Piper Jaffray Companies set a $25.00 price target on shares of Wolverine World Wide and gave the stock a “hold” rating in a report on Wednesday, August 9th. BidaskClub downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Robert W. Baird upgraded shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $29.00 to $30.00 in a report on Wednesday, May 17th. One equities 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. The company presently has a consensus rating of “Hold” and an average target price of $23.86.
Shares of Wolverine World Wide (NYSE WWW) opened at 26.85 on Monday. The company has a 50-day moving average price of $26.90 and a 200-day moving average price of $25.85. The firm has a market capitalization of $2.59 billion, a P/E ratio of 31.55 and a beta of 0.94. Wolverine World Wide has a 12-month low of $20.58 and a 12-month high of $28.64.
Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.14. The business had revenue of $598.80 million during the quarter, compared to the consensus estimate of $573.78 million. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Equities analysts predict that Wolverine World Wide will post $1.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, September 29th. Wolverine World Wide’s dividend payout ratio is presently 28.24%.
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.
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.