Wolverine World Wide (WWW) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Tuesday, July 12, 2021 9:31 AM

Wolverine World Wide (WWW) announced its quarterly results on Tuesday. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02. The company’s quarterly revenue was up 20.1% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research downgraded shares of Wolverine World Wide from an "outperform" rating to a "neutral" rating in a research note to investors on Monday, June 20th. Also, analysts at Jefferies raised their price target on shares of Wolverine World Wide from $35.00 to $40.00 in a research note to investors on Tuesday, April 19th. They now have a "hold" rating on the stock.

Shares of Wolverine World Wide (WWW) opened at 42.60 on Tuesday. Wolverine World Wide (WWW) has a 52 week low of $25.02 and a 52 week high of $43.36. The stock's 50-day moving average is $39.48 and its 200-day moving average is $36.71. The company has a market cap of $2.114 billion and a price-to-earnings ratio of 18.67.

Wolverine World Wide, Inc. is a designer, manufacturer and marketer of a range of casual, rugged outdoor and work footwear. Approximately 42.9 million pairs of the Company’s branded footwear were sold during the fiscal year ended January 2, 2022 (fiscal 2009). The products are marketed throughout the world under brand names, including Bates, Cat Footwear, Chaco, Cushe, Harley-Davidson Footwear, Hush Puppies, HyTest, Merrell, Patagonia Footwear, Sebago, Soft Style and Wolverine. The Company’s footwear products are organized under four operating units: the Wolverine Footwear Group, the Outdoor Group, the Heritage Brands Group and The Hush Puppies Company. The Company also operates a retail division to market its brands and branded footwear, and apparel from other manufacturers. On January 8, 2009, the Company announced the acquisition of the Cushe footwear brand. On January 22, 2009, the Company announced the acquisition of Chaco.

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