WWE - World Wrestling Entertainment, Inc.

NYSE - NYSE Delayed Price. Currency in USD
59.66
-2.80 (-4.48%)
At close: 4:02PM EST
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Previous Close62.46
Open62.53
Bid57.91 x 800
Ask59.74 x 1300
Day's Range58.59 - 62.53
52 Week Range52.69 - 100.45
Volume1,304,085
Avg. Volume1,351,001
Market Cap4.687B
Beta (5Y Monthly)1.35
PE Ratio (TTM)109.67
EPS (TTM)0.54
Earnings DateFeb 05, 2020
Forward Dividend & Yield0.48 (0.77%)
Ex-Dividend DateDec 11, 2019
1y Target Est82.44
  • Thaddeus Bullard Q&A: The WWE superstar weighs in on the WrestleMania opportunity, life after wrestling and more
    American City Business Journals

    Thaddeus Bullard Q&A: The WWE superstar weighs in on the WrestleMania opportunity, life after wrestling and more

    In a wide-ranging conversation, Thaddeus Bullard, aka WWE superstar Titus O'Neil, shares insights about his career, coaching other wrestlers and more.

  • Wrestlemania Tampa is set to provide epic impact
    American City Business Journals

    Wrestlemania Tampa is set to provide epic impact

    The most recent WrestleMania in New Orleans generated $165.4 million in economic impact and WWE is hoping Tampa will see the same impact or greater.

  • Bidding war: How Tampa Bay snagged WrestleMania 36
    American City Business Journals

    Bidding war: How Tampa Bay snagged WrestleMania 36

    Tampa Bay will host WrestleMania 36 in April, here is a look behind the bid process and how the Tampa Bay Sports Commission got the event.

  • Thaddeus Bullard brings ‘transformational’ change to Sligh Middle Magnet School
    American City Business Journals

    Thaddeus Bullard brings ‘transformational’ change to Sligh Middle Magnet School

    You may know him better by his ring name Titus O'Neil, but here is how Thaddeus Bullard is making a change in Tampa Bay.

  • Is It Time to Buy These 3 Beaten-Down Stocks? Analysts Say Yes
    TipRanks

    Is It Time to Buy These 3 Beaten-Down Stocks? Analysts Say Yes

    The term 'buy when there's blood in the streets' was coined in the 18th century by Baron Rothchild. The contrarian act, as most investors know, is a preemptive call to load up on shares of downtrodden and badly performing companies that have recently taken a severe beating in the market but present the perfect timing to invest. While some investors automatically avoid underperforming names, the ones willing to take the risk can often receive handsome reward once the company at question executes a turnaround.Wall Street pros know the system well and are often on the lookout for such opportunities. With this in mind, We'll open up the TipRanks database and take a look at three beaten down stock which those in the know think are ripe for a trend reversal. We used TipRanks’ Stock Screener to get the lowdown, and we also noticed that currently all three boast Strong Buy consensus ratings from the Street. Let’s check them out.World Wrestling Entertainment (WWE)Talk about bloody and beaten down stocks leads us nicely into the first name on our list; World Wrestling Entertainment. In contrast to the S&P 500’s record breaking performance last year, WWE lost almost 13% of its share price in 2019. The drop was reflected in WWE’s waning popularity – lower live attendances and TV ratings on top of less streaming subscribers are all worrying trends for the company.That’s the bad news, then. The good news is that WWE has taken care of TV revenue for the next 5 years. The company’s new US deal for its Raw and SmackDown programs should see it pocket in the region of $500 million annually over the period, which is approximately double what it made in the past year. Furthermore, its NXT brand brings in from Comcast an additional $30 million a year. With more international deals in place, the question is whether the company can turn around the declining figures to ensure its longevity once the current deals expire.Needham’s Laura Martin thinks WWE has what it takes. The 5-star analyst recently interviewed WWE’s management and came away confident in its prospects. Martin said, “WWE believes it can continue to grow US subs, even in the context of more fragmentation of audiences, suggesting that super-fandom niche OTT service are largely immune from the Streaming Wars between deep-pocketed general entertainment SVOD services. If true, this has positive implications for WWE's pricing power. Also, WWE uses social media and its linear TV air-time to lower its customer acquisition costs for its new OTT subscribers."Martin, therefore, reiterated her Buy rating on WWE. The 5-star analyst’s price target comes in at $88 and represents potential upside of 40%. (To watch Martin’s track record, click here)The Street agrees. A unanimous 10 Buy ratings dished out over the last 3 months presents WWE with a Strong Buy consensus rating. The average price target of $81.56 implies possible upside of 30%. (See WWE stock analysis on TipRanks)Ollie's Bargain Outlet (OLLI)Ollie's Bargain Outlet stock had quite a ride last year, increasing by over 50% before crashing back down whilst shedding 40% of its value. 2020 hasn’t kicked off all that well either; Ollie’s is down by nearly 18% year-to-date.The sell-off comes despite a better than expected F3Q19 report. Net sales of $327 million represented an improvement of 15.3% year-over-year and resulted in adjusted (non-GAAP) net income of $26.8 million, an increase of 28% over the same period in the prior year.Ollie’s has also been expanding opportunistically; last year the company bought 12 Toys R Us locations and leased six others around the country following the former toy giant’s bankruptcy. It also purchased almost $200 million dollars of toys from Toys R Us suppliers’ excess inventory.So, with Mr. Market being unkind to Ollie’s, should investors stay away? Not according to RBC analyst Scot Ciccarelli.The 5-star analyst believes the recent sell-off spells opportunity, noting, “We think Ollie’s has one of the best long-term store growth profiles in the Hardlines/Broadlines Retail sector. Further, the company’s stores generate strong cash-on-cash returns of ~60%+, with 4-wall EBITDA of $585,000–600,000 ($630,000 in most recent vintages) on an initial $1 million investment. In addition, its constantly changing/treasure hunt-oriented shopping experience, coupled with its steep clearance-level prices, should help insulate the company against e-commerce cannibalization.”Accordingly, Ciccarelli reiterated an Outperform rating on Ollie’s, while raising his price target from $69 to $76. The new price target represents possible gains in the shape of 42.5%. (To watch Ciccarelli’s track record, click here)Based on the consensus breakdown, the majority on the Street also back the discount retailer’s prospects in 2020. 4 Buys and a single hold assigned over the last 3 months amount to a Strong Buy consensus rating. At $72, the average price target presents possible upside of ~36%. (See OLLI stock analysis on TipRanks)Madrigal Pharmaceuticals Inc (MDGL)Completing our trio of beaten down stocks is Madrigal Pharmaceuticals, which saw its shares falling nearly 20% in 2019.In mid-December, the drugmaker's shares responded negatively to the announcement that a few investment funds affiliated with Bay City Capital are heading for the exits. The funds offered 1,200,000 Madrigal shares at $107.85 apiece -- a 9% discount to the previous closing price. In other words, the funds probably had to price the offering at a discount simply to entice investors.But things aren’t as bad as they may seem, argues Evercore analyst Joshua Schimmer.Madrigal is one of several companies hoping to bring a therapy for NASH disease (Non-Alcoholic SteatoHepatitis), a fatty liver disease that due to the obesity epidemic has been attracting lots of investment capital in search of a possible treatment. NASH medications are expected to increase into a massive market over the next decade, and as there are currently no NASH-specific drugs available, whoever brings a viable solution to the market will likely be well rewarded.Madrigal's lead drug candidate is resmetirom (MGL-3196), an orally administered, thyroid hormone receptor (THR) β-selective agonist. The drug is currently in a Phase 3 trial, after showing positive data in the 2 prior trials.Schimmer thinks “2020 is an execution year” for Madrigal. The 5-star analyst said, “We continue to believe that resmetirom may have a differentiated profile, as a clean, oral therapy… the company’s P2 dataset continues to stack up well to the competition which has seen multiple recent disappointments in the field. We continue to believe that resmetirom (MGL-3196) has a strong chance of success in P3, with results expected in ~2021.”To this end, Schimmer reiterated an Outperform rating on Madrigal along with a price target of $250. This implies upside potential of a massive 192%. (To watch Schimmer’s track record, click here)On the Street, Madrigal’s Strong Buy consensus rating breaks down into 6 Buys and 1 Hold. The average price target of $169.67 implies upside potential in the shape of 100% over the next 12 months. (See Madrigal stock analysis on TipRanks)

  • Business Wire

    WWE® To Report Fourth Quarter and Full Year 2019 Results

    WWE (NYSE: WWE) announced that it will report its fourth quarter and full year 2019 results on Thursday, February 6, 2020 before the opening of the market. The Company’s Chairman & CEO, Vincent K. McMahon, and Co-Presidents, George A. Barrios and Michelle D. Wilson, will host a conference call beginning at 11:00 a.m. ET to discuss the results.

  • Is World Wrestling Entertainment, Inc. (NYSE:WWE) Trading At A 35% Discount?
    Simply Wall St.

    Is World Wrestling Entertainment, Inc. (NYSE:WWE) Trading At A 35% Discount?

    In this article we are going to estimate the intrinsic value of World Wrestling Entertainment, Inc. (NYSE:WWE) by...

  • Business Wire

    WWE®’S George Barrios to Participate in the 22nd Annual Needham Growth Conference

    WWE (NYSE: WWE) announced that its Co-President, George A. Barrios, will participate in a fireside chat at the 22nd Annual Needham Growth Conference in New York City on Wednesday, January 15, 2020.

  • Benzinga

    Tyson Fury Could Return To WWE To Face Brock Lesnar At WrestleMania

    Tyson Fury could face Brock Lesnar at WrestleMania 36 just weeks after his upcoming rematch against Deontay Wilder, according to SPORTbible . What Happened Boxing Champion Fury might return to World Wrestling ...

  • Business Wire

    WWE®’s George Barrios to Participate in the Citi 2020 Global TMT West Conference

    WWE (NYSE: WWE) announced that its Co-President, George A. Barrios, will participate in a fireside chat at the Citi 2020 Global TMT West Conference in Las Vegas on Tuesday, January 7, 2020.

  • Benzinga

    WWE's Paul 'Triple H' Levesque Talks Company's Feeder System Model

    World Wrestling Entertainment, Inc. (NYSE: WWE) Executive Vice President of Talent, Live Events and Creative, Paul "Triple H" Levesque, recently discussed the evolving landscape of the pro wrestling (sports entertainment) industry on the WWE-created "After the Bell" podcast. Levesque spoke about the company's model of working with independent promotions in the U.S. and U.K., often through WWE's NXT and NXT UK promotions. Levesque touched on how the company's feeder system model works by supporting prominent independent promotions.

  • Hedge Fund Consensus Stocks vs. World Wrestling Entertainment, Inc. (WWE) In 2019
    Insider Monkey

    Hedge Fund Consensus Stocks vs. World Wrestling Entertainment, Inc. (WWE) In 2019

    While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]

  • If You Had Bought World Wrestling Entertainment (NYSE:WWE) Stock Five Years Ago, You Could Pocket A 433% Gain Today
    Simply Wall St.

    If You Had Bought World Wrestling Entertainment (NYSE:WWE) Stock Five Years Ago, You Could Pocket A 433% Gain Today

    It hasn't been the best quarter for World Wrestling Entertainment, Inc. (NYSE:WWE) shareholders, since the share price...

  • Small Gains Still Bring New Records
    Zacks

    Small Gains Still Bring New Records

    Small Gains Still Bring New Records

  • Business Wire

    WWE®’s George Barrios to Participate in the Raymond James Technology Investors Conference

    WWE (NYSE: WWE) announced that its Co-President, George A. Barrios, will participate in a fireside chat at the Raymond James Technology Investors Conference in New York City on Tuesday, December 10, 2019.

  • Business Wire

    Batista® and the nWo® to Be Inducted Into WWE® Hall of Fame

    WWE (NYSE: WWE) today announced that Batista and nWo members "Hollywood" Hulk Hogan, Scott Hall™, Kevin Nash™ and Sean Waltman™ will be inducted into the WWE Hall of Fame at a ceremony on Thursday, April 2 at Amalie Arena in Tampa Bay, FL as part of WrestleMania® Week.

  • World Wrestling Entertainment, Inc. (WWE): Are Hedge Funds Right About This Stock?
    Insider Monkey

    World Wrestling Entertainment, Inc. (WWE): Are Hedge Funds Right About This Stock?

    "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]

  • American City Business Journals

    Raymond James Stadium to add seating for WrestleMania, expected to exceed Super Bowl attendance

    Tampa Bay has established a proven track record in recent years for its ability to host major events.

  • WWE takes a new approach with its charity community outreach work
    American City Business Journals

    WWE takes a new approach with its charity community outreach work

    Company spreads message of its community efforts, using its global reach to spotlight causes it supports.

  • ‘WWE Backstage’ on Fox delivers shock with CM Punk appearance
    American City Business Journals

    ‘WWE Backstage’ on Fox delivers shock with CM Punk appearance

    Fox studio show all about creating moments that highlight network’s new relationship with sports entertainment property.

  • Thomson Reuters StreetEvents

    Edited Transcript of WWE earnings conference call or presentation 25-Jul-19 3:00pm GMT

    Q2 2019 World Wrestling Entertainment Inc Earnings Call

  • 52-Week Company Lows
    GuruFocus.com

    52-Week Company Lows

    Details companies that are near their 52-week lows Continue reading...

  • WrestleMania® Generates $165 Million for New York/New Jersey Region
    Business Wire

    WrestleMania® Generates $165 Million for New York/New Jersey Region

    WWE® (WWE) and New Jersey Governor Phil Murphy today announced that WrestleMania 35 generated $165.4 million in economic impact for the New York/New Jersey region this past April, according to a study conducted by the Enigma Research Corporation. This marks a more than 60 percent increase from the $101.2 million generated for WrestleMania 29 in New York and New Jersey, and the eighth consecutive year that WrestleMania generated more than $100 million in economic impact for its host region.

  • More New Records for Dow, NASDAQ Despite a Slower Rally
    Zacks

    More New Records for Dow, NASDAQ Despite a Slower Rally

    More New Records for Dow, NASDAQ Despite a Slower Rally