2 weeks Ago By Defense World Staff
Shares of Wolverine World Wide, Inc. ( NYSE:WWW – Get Free Report ) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports.
Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.00.
A number of brokerages recently commented on WWW. KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Thursday, August 8th.
UBS Group upgraded Wolverine World Wide from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $20.00 in a research note on Friday, July 19th.
Piper Sandler reissued an “overweight” rating and issued a $18.00 price target on shares of Wolverine World Wide in a report on Friday, August 23rd. Argus upgraded shares of Wolverine World Wide to a “hold” rating in a report on Friday, August 16th.
Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $15.00 target price on shares of Wolverine World Wide in a research note on Thursday, November 7th. Get Our Latest Stock Report on WWW Insider Buying and Selling Institutional Trading of Wolverine World Wide Several institutional investors have recently added to or reduced their stakes in WWW.
Pacer Advisors Inc. purchased a new stake in Wolverine World Wide in the second quarter worth about $64,295,000. Jennison Associates LLC bought a new stake in Wolverine World Wide during the third quarter valued at about $10,974,000.
Federated Hermes Inc. lifted its position in shares of Wolverine World Wide by 10,607.4% in the second quarter.
Federated Hermes Inc. now owns 540,402 shares of the textile maker’s stock valued at $7,306,000 after acquiring an additional 535,355 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Wolverine World Wide in the 2nd quarter worth approximately $7,098,000.
Finally, Panagora Asset Management Inc. bought a new position in Wolverine World Wide in the 2nd quarter worth approximately $3,979,000. 90.
25% of the stock is currently owned by hedge funds and other institutional investors. Wolverine World Wide Trading Up 2.4 % NYSE:WWW opened at $22.
03 on Tuesday. Wolverine World Wide has a 52 week low of $7.58 and a 52 week high of $22.
86. The firm has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $14.
33. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.
77 and a current ratio of 1.23. The firm has a market cap of $1.
76 billion, a price-to-earnings ratio of -24.16 and a beta of 1.78.
Wolverine World Wide Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be paid a $0.10 dividend.
This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.82%.
The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s payout ratio is presently -44.94%.
About Wolverine World Wide ( Get Free Report Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.
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