Wolverine World Wide (WWW) Given Daily Media Sentiment Rating of 0.13
Headlines about Wolverine World Wide (NYSE:WWW) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wolverine World Wide earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 45.7838243411762 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Zacks.com featured highlights: Wolverine World Wide, CGI Group and Scorpio Bulkers (finance.yahoo.com)
- Wolverine World Wide, Inc. (WWW) Receives “Hold” Rating from KeyCorp (americanbankingnews.com)
- Wolverine World Wide, Inc. (WWW) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- $551.54 Million in Sales Expected for Wolverine World Wide, Inc. (WWW) This Quarter (americanbankingnews.com)
Several research firms have recently commented on WWW. Zacks Investment Research raised 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 report on Saturday, August 12th. BidaskClub lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $25.00 target price on shares of Wolverine World Wide and gave the stock a “hold” rating in a report on Wednesday, August 9th. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, Pivotal Research initiated coverage on shares of Wolverine World Wide in a report on Thursday, October 5th. They issued a “hold” rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.06.
Shares of Wolverine World Wide (WWW) traded up 0.61% during midday trading on Friday, reaching $27.97. The company’s stock had a trading volume of 667,303 shares. The company has a market cap of $2.70 billion, a P/E ratio of 32.87 and a beta of 0.98. The stock’s 50-day moving average price is $27.57 and its 200-day moving average price is $26.36. Wolverine World Wide has a 12-month low of $20.58 and a 12-month high of $29.62.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.14. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The business had revenue of $598.80 million during the quarter, compared to the consensus estimate of $573.78 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect that Wolverine World Wide will post $1.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date 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.
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