Wolverine World Wide, Inc. (WWW) Analysts See $0.37 EPS

September 17, 2017 - By Hazel Jackson

 Wolverine World Wide, Inc. (WWW) Analysts See $0.37 EPS
Investors sentiment increased to 1.31 in Q4 2016. Its up 0.28, from 1.03 in 2016Q3. It is positive, as 18 investors sold Wolverine World Wide, Inc. shares while 70 reduced holdings. 37 funds opened positions while 78 raised stakes. 86.00 million shares or 0.34% less from 86.29 million shares in 2016Q3 were reported.
Pnc Group Inc Inc holds 0% of its portfolio in Wolverine World Wide, Inc. (NYSE:WWW) for 123,106 shares. Rothschild Asset reported 597,795 shares. 1.59 million were reported by Glenmede Trust Com Na. Natl Bank Of America De owns 632,392 shares for 0% of their portfolio. Moreover, Chicago Equity Limited Liability has 0.06% invested in Wolverine World Wide, Inc. (NYSE:WWW). Prudential Inc holds 693,752 shares. 95,820 were accumulated by State Board Of Administration Of Florida Retirement. Victory Capital Management holds 0.19% of its portfolio in Wolverine World Wide, Inc. (NYSE:WWW) for 3.48M shares. Paloma Prtn Mgmt, Connecticut-based fund reported 45,175 shares. Denver Limited Liability Corporation owns 18,700 shares. Cap One National Association holds 0.03% or 15,414 shares in its portfolio. Arizona State Retirement Systems stated it has 0.02% in Wolverine World Wide, Inc. (NYSE:WWW). Silvercrest Asset Mngmt Group Inc Ltd Liability Co has 0.85% invested in Wolverine World Wide, Inc. (NYSE:WWW). Millennium Mngmt Limited Liability Company accumulated 0% or 10,696 shares. Brown Advisory, a Maryland-based fund reported 17,667 shares.

Analysts await Wolverine World Wide, Inc. (NYSE:WWW) to report earnings on October, 17. They expect $0.37 earnings per share, down 24.49 % or $0.12 from last year’s $0.49 per share. WWW’s profit will be $35.69 million for 18.14 P/E if the $0.37 EPS becomes a reality. After $0.43 actual earnings per share reported by Wolverine World Wide, Inc. for the previous quarter, Wall Street now forecasts -13.95 % negative EPS growth. The stock increased 1.32% or $0.35 on September 15, reaching $26.85. About 853,272 shares traded or 30.48% up from the average. Wolverine World Wide, Inc. (NYSE:WWW) has risen 48.14% since September 17, 2016 and is uptrending. It has outperformed by 31.44% the S&P500.

Wolverine World Wide, Inc. (NYSE:WWW) Ratings Coverage

Among 14 analysts covering Wolverine (NYSE:WWW), 3 have Buy rating, 3 Sell and 8 Hold. Therefore 21% are positive. Wolverine had 37 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Wolverine World Wide, Inc. (NYSE:WWW) earned “Underperform” rating by Sterne Agee CRT on Wednesday, April 27. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, October 21. The firm has “Hold” rating given on Monday, August 10 by Stifel Nicolaus. On Friday, September 18 the stock rating was maintained by Susquehanna with “Neutral”. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, May 11. The rating was downgraded by Zacks to “Sell” on Wednesday, September 2. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, August 12 report. Citigroup maintained it with “Neutral” rating and $23 target in Wednesday, October 21 report. Piper Jaffray maintained Wolverine World Wide, Inc. (NYSE:WWW) on Thursday, July 13 with “Hold” rating. The stock of Wolverine World Wide, Inc. (NYSE:WWW) earned “Sell” rating by Susquehanna on Thursday, June 1.

Wolverine World Wide, Inc. is a designer, maker 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. The company has market cap of $2.59 billion. It operates in four divisions: 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. It has a 31.63 P/E ratio. It also operates a performance leather business.

More recent Wolverine World Wide, Inc. (NYSE:WWW) news were published by: Mlive.com which released: “Tannery waste dumped at landfill tied to municipal water pollution” on September 07, 2017. Also Footwearnews.com published the news titled: “Wolverine Worldwide Will Be Sending More Than 35000 Footwear and Clothing …” on September 06, 2017. Nasdaq.com‘s news article titled: “Is Wolverine World Wide (WWW) a Great Stock for Value Investors?” with publication date: August 29, 2017 was also an interesting one.

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