World Wrestling Entertainment (NYSE:WWE) had its price objective hoisted by Loop Capital from $30.00 to $37.00 in a research report report published on Friday morning, The Fly reports.

A number of other research firms have also recently commented on WWE. Wells Fargo & Co reduced their price objective on World Wrestling Entertainment from $36.00 to $30.00 and set an underweight rating for the company in a research report on Monday, April 20th. Benchmark upped their price objective on World Wrestling Entertainment from $46.00 to $50.00 and gave the company a buy rating in a research report on Friday, April 24th. TheStreet upgraded World Wrestling Entertainment from a c+ rating to a b- rating in a research report on Wednesday, June 17th. Zacks Investment Research lowered World Wrestling Entertainment from a strong-buy rating to a hold rating and set a $50.00 price objective for the company. in a research note on Saturday, June 27th. Finally, Needham & Company LLC upped their price objective on World Wrestling Entertainment from $45.00 to $50.00 and gave the company a buy rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. World Wrestling Entertainment has a consensus rating of Buy and an average price target of $56.00.

WWE stock opened at $44.48 on Friday. World Wrestling Entertainment has a 1-year low of $29.10 and a 1-year high of $78.76. The business has a fifty day moving average price of $45.33 and a 200-day moving average price of $46.57. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.29. The stock has a market capitalization of $3.58 billion, a P/E ratio of 35.30 and a beta of 1.49.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. World Wrestling Entertainment had a return on equity of 40.28% and a net margin of 10.45%. The firm had revenue of $291.00 million during the quarter, compared to analysts’ expectations of $259.45 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The company’s revenue was up 59.5% on a year-over-year basis. As a group, analysts anticipate that World Wrestling Entertainment will post 1.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.08%. World Wrestling Entertainment’s payout ratio is currently 56.47%.

In related news, insider Kevin Dunn sold 33,000 shares of World Wrestling Entertainment stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $45.46, for a total value of $1,500,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Levesque sold 23,255 shares of World Wrestling Entertainment stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $43.80, for a total value of $1,018,569.00. The disclosure for this sale can be found here. Insiders have sold a total of 72,613 shares of company stock valued at $3,260,094 in the last quarter. Company insiders own 40.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in WWE. Psagot Investment House Ltd. acquired a new position in World Wrestling Entertainment in the fourth quarter valued at $43,000. PNC Financial Services Group Inc. boosted its stake in World Wrestling Entertainment by 24.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,465 shares of the company’s stock valued at $50,000 after acquiring an additional 288 shares in the last quarter. FDx Advisors Inc. boosted its stake in World Wrestling Entertainment by 368.4% in the first quarter. FDx Advisors Inc. now owns 19,077 shares of the company’s stock valued at $58,000 after acquiring an additional 15,004 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in shares of World Wrestling Entertainment during the fourth quarter worth about $68,000. Finally, Stephenson National Bank & Trust acquired a new stake in shares of World Wrestling Entertainment during the fourth quarter worth about $134,000. Hedge funds and other institutional investors own 72.70% of the company’s stock.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.

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Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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