Trade Report: Today: Wolverine World Wide Inc. (WWW) Scheduled to Post Earnings on Tuesday

Today: Wolverine World Wide Inc. (WWW) Scheduled to Post Earnings on Tuesday

Wolverine World Wide Inc. (NYSE:WWW) is scheduled to be posting its Q316 quarterly earnings results on Tuesday, October 18th. Wolverine World Wide has set its FY16 guidance at $1.30-1.40 EPS.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm earned $583.70 million during the quarter, compared to the consensus estimate of $578.99 million. Wolverine World Wide had a return on equity of 13.60% and a net margin of 3.81%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. On average, analysts expect Wolverine World Wide to post $1.37 EPS for the current fiscal year and $1.56 EPS for the next fiscal year.

Shares of Wolverine World Wide Inc. (NYSE:WWW) opened at 22.56 on Monday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 22.86 and a beta of 0.76. The stock has a 50 day moving average price of $22.98 and a 200 day moving average price of $21.03. Wolverine World Wide Inc. has a 52 week low of $14.74 and a 52 week high of $25.54.

Several hedge funds have recently modified their holdings of the company. Teachers Advisors Inc. raised its position in shares of Wolverine World Wide by 1.8% in the second quarter. Teachers Advisors Inc. now owns 155,065 shares of the company’s stock worth $3,151,000 after buying an additional 2,700 shares during the last quarter. United Services Automobile Association raised its position in shares of Wolverine World Wide by 2,040.3% in the second quarter. United Services Automobile Association now owns 528,235 shares of the company’s stock worth $10,734,000 after buying an additional 503,555 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of Wolverine World Wide by 22.4% in the second quarter. State of Wisconsin Investment Board now owns 749,743 shares of the company’s stock worth $15,235,000 after buying an additional 137,000 shares during the last quarter. Cipher Capital LP raised its position in shares of Wolverine World Wide by 26.3% in the second quarter. Cipher Capital LP now owns 106,326 shares of the company’s stock worth $2,161,000 after buying an additional 22,117 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Wolverine World Wide by 0.8% in the second quarter. Franklin Resources Inc. now owns 1,264,554 shares of the company’s stock worth $25,696,000 after buying an additional 9,647 shares during the last quarter. 89.69% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. B. Riley reissued a “neutral” rating and issued a $24.00 target price on shares of Wolverine World Wide in a research note on Saturday, July 30th. Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Saturday, August 6th. Argus reissued a “buy” rating on shares of Wolverine World Wide in a research note on Wednesday, August 3rd. Finally, Telsey Advisory Group raised their target price on Wolverine World Wide from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Wolverine World Wide presently has an average rating of “Hold” and an average price target of $21.30.

Wolverine World Wide Company Profile

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