Wolverine World Wide, Inc. (NYSE:WWW) – Research analysts at KeyCorp decreased their FY2018 earnings per share estimates for Wolverine World Wide in a note issued to investors on Tuesday, according to Zacks Investment Research. KeyCorp analyst E. Yruma now expects that the textile maker will earn $1.82 per share for the year, down from their previous estimate of $1.87. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Wolverine World Wide’s Q4 2018 earnings at $0.46 EPS.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm had revenue of $581.30 million during the quarter, compared to analyst estimates of $552.36 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. Wolverine World Wide’s revenue for the quarter was down 3.7% on a year-over-year basis.

Several other research firms have also commented on WWW. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Piper Jaffray Companies reiterated a “hold” rating and set a $26.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, November 8th. TheStreet lowered shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Stifel Nicolaus set a $34.00 price objective on shares of Wolverine World Wide and gave the company a “buy” rating in a research report on Saturday, December 16th. Finally, Telsey Advisory Group increased their price objective on shares of Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, November 9th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Wolverine World Wide presently has a consensus rating of “Hold” and a consensus target price of $27.25.

Wolverine World Wide (NYSE:WWW) traded down $0.19 during mid-day trading on Friday, reaching $33.39. 713,039 shares of the company’s stock traded hands, compared to its average volume of 756,608. Wolverine World Wide has a fifty-two week low of $20.94 and a fifty-two week high of $33.82. The company has a quick ratio of 2.06, a current ratio of 3.09 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $3,212.96, a price-to-earnings ratio of 55.65, a P/E/G ratio of 1.41 and a beta of 0.95.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Wolverine World Wide by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 8,791,948 shares of the textile maker’s stock worth $246,262,000 after buying an additional 221,866 shares during the period. Victory Capital Management Inc. increased its stake in Wolverine World Wide by 22.1% in the 3rd quarter. Victory Capital Management Inc. now owns 2,903,558 shares of the textile maker’s stock worth $83,768,000 after buying an additional 525,150 shares during the period. State Street Corp increased its stake in Wolverine World Wide by 2.9% in the 2nd quarter. State Street Corp now owns 2,382,061 shares of the textile maker’s stock worth $66,719,000 after buying an additional 67,591 shares during the period. FMR LLC increased its stake in Wolverine World Wide by 21.7% in the 2nd quarter. FMR LLC now owns 2,357,199 shares of the textile maker’s stock worth $66,025,000 after buying an additional 420,194 shares during the period. Finally, Northern Trust Corp increased its stake in Wolverine World Wide by 5.7% in the 2nd quarter. Northern Trust Corp now owns 2,009,729 shares of the textile maker’s stock worth $56,293,000 after buying an additional 107,517 shares during the period. 92.42% of the stock is currently owned by institutional investors.

In related news, insider Michael Jeppesen sold 11,807 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total value of $330,241.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $29.14, for a total transaction of $551,561.92. The disclosure for this sale can be found here. 5.65% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.72%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 40.00%.

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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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Earnings History and Estimates for Wolverine World Wide (NYSE:WWW)

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