Wolverine World Wide (WWW) Getting Somewhat Favorable Press Coverage, Analysis Shows

Media coverage about Wolverine World Wide (NYSE:WWW) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wolverine World Wide earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 45.4485531675165 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

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Shares of WWW opened at $29.74 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.20 and a current ratio of 2.97. The firm has a market capitalization of $2,794.83, a price-to-earnings ratio of 18.13, a PEG ratio of 1.15 and a beta of 0.98. Wolverine World Wide has a 1 year low of $23.45 and a 1 year high of $33.82.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $578.60 million for the quarter, compared to analysts’ expectations of $579.87 million. Wolverine World Wide had a net margin of 0.01% and a return on equity of 16.20%. Wolverine World Wide’s revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. equities research analysts expect that Wolverine World Wide will post 2.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, April 2nd will be paid a $0.08 dividend. This is a boost from Wolverine World Wide’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, March 29th. Wolverine World Wide’s payout ratio is currently 19.51%.

WWW has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Citigroup reaffirmed a “neutral” rating and issued a $32.00 target price (up from $29.00) on shares of Wolverine World Wide in a report on Monday, February 12th. Pivotal Research cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Friday, February 9th. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, DA Davidson raised shares of Wolverine World Wide from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Thursday, February 22nd. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Wolverine World Wide presently has an average rating of “Hold” and an average target price of $28.88.

In other Wolverine World Wide news, insider James D. Zwiers sold 100,600 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $29.79, for a total value of $2,996,874.00. Following the transaction, the insider now directly owns 190,893 shares of the company’s stock, valued at approximately $5,686,702.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.65% of the company’s stock.

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About Wolverine World Wide

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.

Insider Buying and Selling by Quarter for Wolverine World Wide (NYSE:WWW)

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